ARTICLE 27: UTILISATION OF CLUB FUNDS

The Club's funds are used in settlement of the annual Skal International and National
Committee (where one exists) fees, administrative and any other expenses such as
development, events, public relations, welcoming guests, conferences, etc. always in
keeping with the budget and must serve the aims and objectives of the Skal Organization
in the achievement of the Skal Mission.

Expenses must be approved by the Board members, however when this is not possible
for any justifiable reason, the President and Treasurer may take the responsibility of
ordering the payment before submitting the expenditure for the approval of the Board.

The President and Treasurer must sign vouchers. In the absence of the President, by the
Vice President, deputizing for him and by the Secretary in the absence of the Treasurer.
Skal International or the National Committee (where one exists) may intervene to modify
the financial policy of the Skal Club when it is considered not in accordance with the
needs or interest of the Skal Movement.

The Club's financial obligations are only guaranteed by the Club's possessions excluding
all personal responsibility of the Board members. However, any Board member who
infringes this article will be held responsible to the Board, the Annual General Assembly
and the Skal Movement for the expenses thus incurred.