THE CUPPS MINISTRIES, INC
90 Happy Hollow Rd,
Williamsburg, Kentucky 40769
In Loving memory of Mr. Ward Correll
HOMEBylaws of The Cupps Ministries, Inc - Page 10
and other agreements of the corporation shall be executed on its behalf by the President, treasurer or other persons to whom the corporation has delegated authority to execute such documents in accordance with policies approved by the board.
8.02 Checks, Drafts
All checks, drafts, or other orders for payment of money, notes, or other evidence of indebtedness issued in the name of the corporation, shall bear two (2) signatures, either signed by two (2) officers of the corporation or by the secretary and his/her assistant or the treasurer and his/her assistant in such manner as shall from time to time be determined by resolution of the board.
8.03 Deposits
All funds of the corporation that are deposited from time to time to the credit of the corporation shall be in such banks, trust companies, or other depository as may be approved by a resolution of the board.
8.04 Loans
No loans shall be contracted on behalf of the corporation, and no evidence of indebtedness shall be issued in its name, unless authorized by a unanimous vote of the Board of Directors and a resolution is made granting either the president or treasurer the authority to do so.
8.05 Indemnification
(a) Mandatory Indemnification. The corporation shall indemnify a director or former director, who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which he or she was a party because he or she is or was a director of the corporation against reasonable expenses incurred by him or her in connection with the proceedings.
(b) Permissible Indemnification. The corporation shall indemnify a director or former director made a party to a proceeding because he or she is or was a director of the corporation, against liability incurred in the proceeding, if the determination to indemnify him or her has been made in the manner prescribed by the law and payment has been authorized in the manner prescribed by law.
(c) Advance for Expenses. Expenses incurred in defending a civil or criminal action, suit or proceeding may be paid by the corporation in advance of the final disposition of such action, suit or proceeding, as authorized by the board of directors in the specific case, upon receipt of (I) a written affirmation from the director, officer, employee or agent of his or her good faith belief that he or she is entitled to indemnification as authorized in this article, and (II) an undertaking by or on behalf of the director, officer, employee or agent to repay such amount, unless it shall ultimately be determined that he or she is entitled to be indemnified by the corporation in these Bylaws.
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