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Section 5. The secretary shall be responsible for keeping a <br /> • record of all of the proceedings of the Commission and executive <br /> committee. <br /> Section 6. The treasurer shall be responsible for custody <br /> of all funds, for the keeping of all financial records of the <br /> Commission and for such other matters as -shall be :delegated by <br /> the Commission. The Commission may require that the treasurer <br /> post a fidelity bond or other insurance against loss of Commis- <br /> sion funds in an amount approved by the Commission, at the <br /> expense of the Commission. Said fidelity bond or other insurance <br /> may cover all persons authorized to handle funds of the Commis- <br /> sion. <br /> Section 7. The Commission may appoint such other offices as <br /> it deems necessary. All such officers shall be appointed from <br /> • the membership of the Commission. _ <br /> X. FINANCIAL MATTERS <br /> Section 1. The fiscal year -of the Commission shall be---the--- <br /> calendar <br /> e- -the -calendar year. <br /> Section 2 . Commission funds may be expended by the Commis - <br /> sion in accordance with the procedures -established by law for-the _- <br /> expenditure of funds by Minnesota Statutory Cities. Orders, <br /> checks and drafts must be signed by any two of the officers. <br /> Other legal instruments shall be executed with authority of the <br /> Commission, by the chair and treasurer. Contracts shall be let <br /> and purchases made in accordance with the procedures established <br /> by law for Minnesota Statutory Cities. <br /> • 9 <br />