[NICE: The Nonprofit International Consortium for Eiffel]

The NICE Bylaws

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Article 6: Execution of Instruments, Deposits, and Funds

6.1 Execution of Instruments
6.2 Checks and notes
6.3 Deposits
6.4 Gifts
Section 6.1 Execution of instruments
The Board of Directors, except as otherwise provided in these Bylaws, may by resolution authorize any officer or agent of NICE to enter into any contract or execute and deliver any instrument in the name of and on behalf of NICE, and such authority may be general or confined to specific instances. Unless so authorized, no officer, agent, or employee shall have any power or authority to bind NICE by any contract or engagement or to pledge its credit or to render it liable monetarily for any purpose or in any amount.
Section 6.2 Checks and notes
Except as otherwise specifically determined by resolution of the Board of Directors, or as otherwise required by law, checks, drafts, promissory notes, orders for the payment of money, and other evidence of indebtedness of NICE shall be signed by the
Treasurer and countersigned by the President or, if there is no President, the Chairperson.
Section 6.3 Deposits
All funds of NICE shall be deposited from time to time to the credit of NICE in such banks, trust companies, or other depositories as the Board of Directors may select.
Section 6.4 Gifts
The Board of Directors may accept on behalf of NICE any contribution, gift, bequest, or devise for the charitable or public purposes of NICE.
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