Article II: Risk Management

Section 1: Contracts

 

Clause 1: National Policy

 

No member of the Alpha Zeta Chapter of Alpha Phi Omega may enter into a contract or financial agreement on behalf or in the name of the Alpha Phi Omega National Service Fraternity.  Qualifying statement as to which chapter is involved must accompany all agreements entered into for the purposes of supporting Chapter functions.

 

Clause 2: Chapter Policy

 

No member of the Alpha Zeta Chapter of Alpha Phi Omega may enter into a contract or financial agreement on behalf or in the name of the Alpha Zeta Chapter without the expressed approval of the Treasurer.

 

Section 2: Emergency Resource Plan

 

Clause 1: Planning

 

The Chapter shall maintain a reserve of $1000 for any emergency situations that may arise.

 

Clause 2: Disbursement

 

Use of any amount of the emergency fund is subject to approval by a two-thirds vote of Active and Associate Members at a Chapter Meeting.

 

Clause 3: Replenishment

 

All monies removed from the Emergency Fund must be replaced by the Chapter within ninety (90) days of the original withdrawal.