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• of all operations and transactions affecting income and surplus <br /> during the corporation' s last annual accounting period and a <br /> balance sheet containing a summary of its assets and liabilities <br /> as of the closing date of such accounting period. <br /> Section 6 . 07. Salaries and Eudqets . � Salaries of all officers <br /> and employees of the corporation must be approved by the affirma- <br /> � tive vote of two-thirds of the, whole. Board of Directors. Salaries <br /> paid by the corporation shall be commensurate with the amount <br /> ' of time spent by the officer or employee on corporation business " <br /> and with comparable salary rates in similar organizations. The <br /> annual budget and subsequent cha�ges therein must be approved <br /> by the � affirmative vote of the majority of the whole Board of ' <br /> Directors. <br /> . � . <br /> Section 6 . 08. Reimbursement of Directors. No salary or <br /> fees shall be paid to directors, as such, but directors will be <br /> � reimbursed for expenses incurred on behalf of the corporation. � <br /> .An� itemized report of any expenses incurred shall be signed by <br /> the director and submitted to the President and Treasurer prior <br /> to reimbursement. If the reimbursement is for more than $20.00 . <br /> to any one director in any month, then the Treasurer shall mail � <br /> a copy of the repor� to each director within ten days after the <br /> close of such month. <br /> ARTICLE VII . <br /> � � Indemnification <br /> Section 7.01. Each present or future director or officer,. . <br /> • whether or not in oFfice, and the executors, administrators or . <br /> . ._9_ . <br />