Nomads Constitution | Page 21

Page 21 of 26 NOMADS GOLF CLUB – SOUTH AFRICA CONSTITUTION The Honorary Treasurer of each Member Club shall keep a true and proper account of all the income and expenditure of his Member Club. He shall present annual financial statements as at the end of each financial year and a registered firm of Chartered Accountants shall be appointed (and, if necessary, removed and replaced) to undertake an independent annual review of these financial statements. The Honorary Treasurer of each Member Club will present the independently reviewed annual financial statements to the Annual General Meeting of the Member Club and upon it being confirmed at such meeting shall forward a copy thereof to the National Treasurer in time for presentation at the National Council Meeting each year. Copies of such annual financial statements shall be made available to all Members of the Member Club. Funds received by the Member Club shall be banked in the name of that Member Club and shall be operated upon by two signatories out of five appointed by the Executive Committee of the Member Club. 18.10 Quorum A quorum for a Club Committee Meeting shall be a majority of the Club Committee portfolio holders which shall include any two of the Captain, Immediate Past Captain, Senior ViceCaptain and Junior Vice-Captain. If within half-an-hour from the time appointed for any meeting a quorum is not present then the meeting shall stand adjourned to the following day at the same time and place and if at that adjourned meeting a quorum is not presen