2.01 Financial Year
Unless otherwise changed by resolution of the Board, the financial year end of the Federation shall be the 30th day of April in each year.
2.02 Banking Arrangements
The banking business of the Federation shall be transacted at such bank, trust company or other firm or corporation carrying on a banking business in Canada or elsewhere as the Board may designate, appoint or authorize from time to time. The banking business or any part of it shall be transacted by an Officer or Officers of the Federation and/or other persons as the Board may by resolution from time to time designate, direct or authorize. FMWC General Operating By-law No. 1 3
2.03 Execution of Documents
Deeds, transfers, assignments, contracts, obligations and other instruments in writing requiring execution by the Federation may be signed by any two (2) of its Officers or Directors. In addition, the Board may from time to time direct the manner in which and the person or persons by whom a particular document or type of document shall be executed. Any person authorized to sign any document may affix the corporate seal (if any) to the document. Any Director or Officer may certify a copy of any instrument, resolution, By-law or other document of the Federation to be a true copy thereof.
2.04 Public Accountant and Level of Financial Review
The Federation shall be subject to the requirements relating to the appointment of a public accountant and level of financial review required by the Act.
2.05 Annual Financial Statements
The Federation shall send copies of the annual financial statements and any other documents required by the Act to the Members between 21 to 60 days before the day on which an annual meeting of Members is held or before the day on which a written resolution in lieu of an annual meeting is signed, unless a Member declines to receive them. Alternatively, the Federation may give notice to the Members stating that such documents are available at the registered office of the Federation and any Member may request a copy free of charge at the registered office or by prepaid mail.
2.06 Operating Policies
The Board may adopt, amend, or repeal by resolution such Operating Policies that are not inconsistent with the By-laws of the Federation relating to such matters as terms of reference of committees, duties of Officers, Board code of conduct and conflict of interest as well as procedural and other requirements relating to the By-laws as the Board may deem appropriate from time to time. Any Operating Policy adopted by the Board will continue to have force and effect until amended, repealed, or replaced by a subsequent resolution of the Board.