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>Receive and give receipts for moneys due and payable to the Corporation from any <br />source. <br />>Deposit all moneys in the name of the Corporation in banks, trust companies, or other <br />depositories as provided by these bylaws. <br />>Write checks and disburse funds to discharge obligations of the Corporation. <br />>Maintain the financial books and records of the Corporation. <br />>Prepare financial reports at least annually. <br />>Perform other duties as assigned by the Board of Directors. <br />>Prepare an annual budget. <br />>Perform all duties incident to the office of treasurer. <br />Compensation of Officers <br />4.07. The officers shall not receive any salary or compensation for their services. <br />Officers may be reimbursed for their actual expenses incurred in the performance of <br />their duties. Travel expenses shall be reimbursed under the City`s travel policy. <br />ARTICLE V <br />TRANSACTIONS OF THE CORPORATION <br />Contracts <br />5.01. The Board of Directors may authorize any officer or agent of the Corporation to <br />enter into a contract or execute and deliver any instrument in the name of or on behalf <br />of the Corporation. This authority may be limited to a specific contract or instrument or <br />it may extend to any number and type of possible contracts and instruments. <br />Depository Bank <br />5.02. All funds of the Corporation shall be deposited with the City's depository bank. <br />Potential Conflicts of Interest <br />5.03. The members of the Board of Directors are local public officials within the <br />meaning of Texas Local Government Code Chapter 171. If a director has a substantial <br />interest in a business entity or real property which is the subject of deliberation by the <br />Board of Directors, the director shall file an affidavit with the secretary of the <br />Corporation stating the nature and extent of the interest. Such affidavit shall be filed <br />prior to any vote or decision upon the matter by the Board of Directors, and the <br />interested director shall abstain from any vote or decision upon the matter. <br />Council Approval <br />5.04 The Board of Directors shall obtain prior City Council approval of all real estate <br />acquisitions, real estate leases exceeding one year and/or any other leases exceeding <br />