Administration

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• The office and place of the records of the Plan and the Trust Fund shall be Christian Schools International, 3350 East Paris Avenue, SE, Grand Rapids, Michigan 49512-3054.
• The seal of the Plan and the Trust Fund shall be circular in form with the name of the Trust Fund imprinted on the face.
• The fiscal year of the Plan and the Trust Fund shall commence on the first day of September in each year and end the following thirty-first day of August, except that for the purpose of government reporting, records shall also be kept on a calendar year basis. The Trustees may require an annual audit of the Treasurer's books.
• Christian Schools International shall be compensated for any reasonable expenses it incurs in connection with the administration and operation of the Plan and the Trust Fund. Such Compensation is to include, in addition to a reasonable charge for overhead expense, the appropriate salaries and expenses paid to the Executive Secretary-Treasurer and staff for carrying out the responsibilities of that office.
• The Executive Secretary-Treasurer shall be accountable for all funds and securities of the Trust Fund. When necessary and proper, the Executive Secretary-Treasurer shall endorse on behalf of the Trust Fund for collection, checks, notes, and other obligations, and shall deposit the same to the credit of the Trust Fund in such bank(s) or depository as the Board of Trustees may designate.
• The Board of Trustees shall have power to establish a reserve fund (or reserve funds) for any proper purpose and to increase, decrease, or abolish any such reserve so established.
• At the expense of the Trust Fund, the Treasurer, the Executive Secretary-Treasurer and any other member of the Board of Trustees and others authorized to sign checks, drafts, orders for payments of money, and other documents shall be required to furnish surety bonds to the satisfaction of the Board of Trustees and the Board of Directors of Christian Schools International.
• The Trustees shall be reimbursed for expenses involved in attending meetings or otherwise discharging the functions of their offices.
• These bylaws may be amended at any lawful meeting of the Board of Trustees by a majority vote of the membership, provided the proposed amendment(s) shall have been described fully in the notice of the meeting. Such amendments shall be subject to the approval of the Board of Directors of Christian Schools International.