Barbados Public Workers’ Co-operative Credit Union Limited - ByLaws | 11 45. The disclosure required by By-Law 44 must be made, in the case of a director of the Society; (a) at the meeting at which a proposed contract is first considered; (b) if the Director was not then interested in a proposed contract, at the first meeting after he becomes so interested; (c) if the Director becomes interested after a contract is made, at the first meeting after he becomes so interested; or (d) if a person who is interested in a contract later becomes a director of the Society, at the first meeting after he becomes a director 46. The disclosure required by By-Law 44 must be made, in the case of an officer or senior management personnel of the Society who is not a director, (a) forthwith after he becomes aware that the contract or proposed contract is to be considered, or has been considered, at a meeting of directors of the Society; (b) if the officer becomes interested after a contract is made, forthwith after he becomes so interested; or (c) if a person who is interested in a contract later becomes an officer of the Society forthwith after he becomes an officer or senior management personnel. 47. The Director, officer or senior management personnel of the Society must disclose in writing to the Society, or request to have entered in the minutes of meetings of directors, the nature and extent of such interest forthwith after the Director, officer or senior management personnel becomes aware of the contract or proposed contract. 48 The Director shall not vote on any resolution to approve a contract in which he has declared an interest 49. A contract between the Society and one or more of its directors, officers or senior management personnel, or between the Society and another body of which a director, officer or senior management personnel of the Society is a director or officer or in which he has an interest, is neither void nor voidable by reason only of that relationship. SECRETARY AND TREASURER 50 (1) The Secretary shall: (i) attend all meetings of the Society and the Board; (ii) keep the minutes of any meeting of the Society or Board; (iii) conduct any correspondence on behalf of the Society; (iv) keep charge of all records, books, papers and other documents of the Society; (v) issue notices for all meetings of the Board and general membership of the Society in accordance with the Regulations and By-Laws; (vi) sign and execute, jointly with the President, all deeds and conveyances of real or personal property and such other documents as the Board may specify; (vii) perform such other duties as are prescribed by the By-Laws or authorised by the Board; and (viii) summon all meetings as provided in the Regulations (2) The Treasurer shall: (i) receive all monies due and payable to the Society and issue receipts for the same; (ii) deposit all monies received in the name of the Society in such bank or depository as specified by the Board; (iii) sign all cheques, notes, bills of exchange and other documents necessary to effect the business of the Society; (iv) record all transactions effected by the Society in the books provided for the purpose; (v) keep charge of all documents, books and vouchers for all payments made and receipts issued on behalf of the Society;
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