Section 1. General. Officers or an employee expressly designated by an authorized officer may make commitments and execute and deliver documents on behalf of the Corporation as authorized by these bylaws and/or by the Trustees.
Section 2. Commitments Approved by Trustees. Any contract or other document which embodies a commitment that has been approved by the Board of Trustees in accordance with the bylaws in the course of their action on any budget of the Corporation or otherwise may be executed and delivered on behalf of the Corporation by the President, Treasurer, or any other officer designated by either of them. Any unbudgeted contract or commitment in an amount of $25,000 or more must be approved by the Board.
Section 3. Commitments Not Approved by Trustees. Any commitment not requiring approval under Section 2 may be executed and delivered on behalf of the Corporation by the President or the Treasurer.