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<br />RESOLUTION NO. 81-109 <br />PAGE THREE <br /> <br />. <br /> <br />. <br /> <br />SECTION 7. <br /> <br />SECTION 8. <br /> <br />SECTION 9. <br /> <br />. <br /> <br />have the care and custody of all funds of <br />the Agency and shall deposit the same in the <br />name of the Agency in such bank or banks as <br />the Agency may select. He shall sign all <br />orders and checks for the payment of money <br />and shall payout and disburse such monies <br />under the director of the Agency. Except <br />as otherwise authorized by resolution of <br />the Agency, all such orders and checks shall <br />be countersigned by the chairman or vice- <br />chairman. The executive director shall <br />keep regular books of account showing receipts <br />and expenditures and shall render to the <br />Agency at each regular meeting (or more <br />often when requested), an account of his <br />transactions and also of the financial <br />condition of the Agency. He shall give <br />such bond for the faithful performance of <br />his duties as the Agency may determine. <br /> <br />Recording Secretary. The executive <br />director shall act as the recording <br />secretary of the Agency for the purpose of <br />keeping the minutes of the meetings of the <br />Agency, and shall keep a record of its <br />proceedings and transactions. He shall <br />record all votes, and shall keep a record <br />of the proceedings of the Agency in a journal <br />of proceedings to be kept for such purposes. <br /> <br />Additional Duties of Agency Officers. The <br />officers of the Agency shall perform such <br />other duties and functions as may from time <br />to time be required by the Agency or the by- <br />laws of the Agency. <br /> <br />Additional Personnel. The Agency may from <br />time to time employ such personnel as it <br />deems necessary to ..exercise its powers, <br />duties and functions as prescribed by the <br />Community Redevelopment Law, as amended, and <br />all other laws of the State of California <br />applicable thereto. The selection and <br />compensation of such personnel (including <br />the executive director) shall be determined <br />by the Agency subject to the laws of the <br />State of California. <br /> <br />"'-/7 <br /> <br />4 <br />