TRUSTEES

Article  4                          TRUSTEES:

1. a) There shall be three (3) trustees to hold properties for and on behalf of the said Church. (See Articles of Association)
2. b) Shall purchase, renovate, refurbish, sell, borrow money or conduct any transaction on behalf of the said Church with the recommendation of the  Council and approval of the Archbishop.
3. c) Two of the Trustees shall be signatories to any or all Bank accounts
4. d)  No trustee shall act individually for or on behalf of the Mystical Order without the unanimous agreement of the Executive Council. Such action must not cause conflict of interest and must be done within the framework of the articles of association.
5. e) The Provost is ex-officio trustee of the Board of Trustees of The Mystical Order of Spiritual Baptist
6. f) The trustees are chosen from among the Executive Council to be custodians of the church property and serve as signatories.
7. g) The trustees serve as the official, legal servants in matters of business. Normally the Patriarch (pastor) and the secretary of the Board of Trustees sign legal documents in behalf of the church, particularly as property and financial contracts are involved.
8. h)  The trustees, serving as custodians of the church property, shall include its proper maintenance and insurance, etc., and shall act on behalf of the church in selling and acquiring property.

Board of Trustees

The Board of Trustees has overall responsibility for the financial operations of the church and is responsible for the following duties:

1. Establish all financial policy for the Church, including approval of budget revisions.
2. Designate individuals with limited or full power of attorney to church banking and investment accounts. Sign and have notarized any required Account agreement forms.
3. Appoint a Finance Committee Chair, and shall be responsible for  Endowments and Investment in The Mystical Order.
4. Shall appoint a Canvass Committee Chair to canvass members and donors for funds.
5. Authorize any loans, floating of bonds, or other financial transactions which incur Church indebtedness.
6. Review on a monthly basis the financial statements submitted by the Divine Treasurer. The Board is responsible for seeing that these reports are submitted in a complete and timely manner.
7. Authorize any setting up of a restricted fund to be used for a special purpose, or earmarked expenditure. Unless prohibited by terms of the gift, the Board also has authority to close such funds after consultation with the Archbishop and the Patriarch or their designee.
8. Approve the annual Canvass pledge goal, and the church annual  operating budget each fiscal year. Approve capital expenditures, as required.