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FINANCE

FUNDS TO BE BANKED IN COMMERCIAL BANK
The funds of the Association shall be banked in a Current Account of one of Kingston's Commercial Banks. The President and Treasurer shall sign all cheques. In the absence of the President, one of the Vice Presidents shall sign in his place. In the absence of the Treasurer, the Assistant Treasurer shall sign in his place.

PROPERTY AND FUNDS OF ASSOCIATION VESTS IN COUNCIL
All Properties and funds of the Association shall be vested in the Council. No important part of the property of the Association shall be sold, conveyed or otherwise disposed of without the authority of a General Meeting. The officers of the Association are authorised to negotiate Bank Overdrafts, Loans, and similar transactions if instructed by the Council.

The Council of the Association may make separate provision for the accumulation of a Capital Fund, the income of which shall be used at the discretion of the Council for the promotion of swimming.

The financial year of the Association shall end July 31st.