The General Board shall meet before or immediately following the final adjournment of the General Assembly and shall elect a general secretary and a general treasurer as provided in General Board Bylaws, who shall hold office until the final adjournment of the next General Assembly and until their successors are elected and qualified.
Index: finances
517
The pastor shall not contract bills, create financial obligations, count moneys, or disburse funds for the local church unless authorized and directed by majority vote of the church board or by majority vote of a church meeting; such action, if taken, must be approved in writing by the District Advisory Board and shall be duly recorded in the minutes of the church board or of the church meeting. No pastor or any member of his or her immediate family shall be authorized to sign checks on any church account except upon the written approval of the district superintendent. Immediate family shall include spouse, children, siblings, or parents. (129.1, 129.21–129.22)
902.1
The General Board and institutions of the church are prohibited from using annuity gifts until such have become their valid property by the death of the annuitant. Such gifts are to be carefully invested in funds usually accepted as trust funds by the courts of the land. (2005)
902.2
No institution may incur any debt on the strength of pledges. Pledges are not to be counted as assets. (2005)
Index
For translating the index locators.