19D - CMD ANNUAL REPORT - Laserfiche WebLink

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received or after the date specified therein as of which the list is to be compiled. (c) Inspect at any reasonable time the books, records, or minutes of proceedings of the members, or of the Board, or of committees of the Board, upon written demand on the Corporation by the member, for a purpose reasonably related to such person's interests as a member. SECTION 6. RIGHT TO COPY AND MAKE EXTRACTS Any inspection under the provisions of this article may be made in person or by agent or attorney and the right to inspection includes the right to copy and make extracts. SECTION 7. ANNUAL REPORT At the end of each fiscal year, the Board of Directors shall prepare and publish, or cause to be prepared and published, an annual report of receipts and disbursements of Downtown Incorporated, and shall determine the form and detail in which the report shall be made. The President shall present the annual report at the Annual Meeting of Members. The Board shall cause an annual report to be furnished to all Directors of the Corporation not later than ninety (90) days after the close of the Corporation's fiscal year. The annual report shall contain the following information in appropriate detail: (a) The assets and liabilities, including the trust funds, of the Corporation as of the end of the fiscal year. (b) The principal changes in assets and liabilities, including trust funds, during the fiscal year. (c) The revenue or receipts of the Corporation, both unrestricted and restricted to particular purposes, for the fiscal year. (d) The expenses or disbursements of the Corporation, for both general and restricted purposes, during the fiscal year. The annual report shall be accompanied by any report of independent accountants, or, if there is no such report, the certificate of an authorized officer of the Corporation that the annual report was prepared, without audit, from the books and records of the Corporation. SECTION 8. CORPORATE SEAL The Board of Directors shall adopt and use, and may at will, alter, a corporate seal. The Seal of the Corporation shall have inscribed therein the full name of the Corporation and the year of its incorporation. Such seal shall be kept at the principal office of the Corporation. Failure to affix the seal to corporate instruments, however, shall not affect the validity of any such instrument. 27 19D-39