Bylaws

Section 7.01. Contracts
Except as otherwise provided in these bylaws, the Board of Directors may authorize any officer or officers, agent or agents, to enter into any contract or execute and deliver any instrument in the name of, or on behalf of, the Association, and such authority may be general or confined to specific instances.

Section 7.02. Checks, Drafts, Etc.
All checks, drafts and other orders for payment of money, notes and other evidences of indebtedness issued in the name of the Association shall be signed and countersigned by an officer or officers of the Association, or by the manager or other employee as designated by the Board, and in such manner as shall from time to time be determined by a resolution of the Board of Directors.

Section 7.03. Deposits
All funds of the Association except petty cash shall be deposited or invested from time to time to the credit of the Association in such bank or banks, or in such financial securities or institutions as the Board of Directors may select, not inconsistent with Section 75-5-247, Miss. Code Ann.