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• <br />• <br />A summary report of the financial operation of the corporation shall be made by the <br />Treasurer at least annually to the Board of Directors. <br />ARTICLE XVI - OFFICER REMOVAL — RESIGNATION <br />Section 1. <br />Any officer may be removed either with or without cause by a two - thirds (2/3) vote of the <br />whole Board of Directors. <br />Section 2. <br />Any officer may resign at any time by giving written notice to the President, Secretary, or <br />Executive Director of the Corporation. Such resignation shall take effect on the date of the <br />receipt of such notice or any later time specified therein. <br />ARTICLE XVII - BY -LAWS AMENDMENTS <br />Amendments to these By -Laws may be adopted by Board of Directors at any meeting of <br />the Board called for the purpose, and upon a two - thirds (2/3) affirmative vote. At least ten (10) <br />days' notice shall be given to Board Members together with a copy of the proposed amendments. <br />ARTICLE XVIII - FISCAL YEAR <br />The fiscal year of the Corporation shall begin on January 1 of each year and end on <br />December 31 of each year. It shall be the responsibility of the Board of Directors to adopt a <br />budget for the forthcoming fiscal year. It shall be the responsibility of the Executive Director <br />and Treasurer to refrain from engaging in or completing any action of any kind whatsoever <br />which may result in the Corporation exceeding total budgeted expenditures for that fiscal year <br />12 <br />