The President, acting in the best interest of Pumping Station: One, is hereby authorized at the discretion of the board to enter in contractual agreements on behalf of Pumping Station: One where no liability or financial commitment is assumed by the organization. Agreements which include a clause placing risk on the organization such as fines for breach of contract or claims to property as recourse, for example, are not eligible to be approved by the board. Upon entering in a contract on behalf of Pumping Station: One, the President is required to immediately notify the membership and make a signed copy available for review. | The President, acting in the best interest of Pumping Station: One, is hereby authorized at the discretion of the board to enter in contractual agreements on behalf of Pumping Station: One where no liability or financial commitment is assumed by the organization. Agreements which include a clause placing risk on the organization such as fines for breach of contract or claims to property as recourse, for example, are not eligible to be approved by the board. Upon entering in a contract on behalf of Pumping Station: One, the President is required to immediately notify the membership and make a signed copy available for review. |