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Bylaws of MIT

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Section 10

Executive Vice President and Treasurer

10.1
The Executive Vice President and Treasurer shall be the chief financial officer of the Institute and the officer responsible for stewardship of the Institute's financial resources. The Executive Vice President and Treasurer shall report on the financial condition of the Institute to the members at the annual meeting, or more often if determined to be necessary by the Executive Vice President and Treasurer or requested by the Executive Committee. The chair of the investment management company established under these Bylaws or the president or any officer or officers designated by the company's board shall assist and participate with the Executive Vice President and Treasurer in making such report for the purpose of addressing the investments of the Institute. The Executive Vice President and Treasurer shall have such other powers and duties as the Executive Committee may determine or as these Bylaws or law may require, from time to time.

10.2
The Executive Committee may appoint one or more officers to assist the Executive Vice President and Treasurer, each of whom shall have such title and perform such duties, including any duties of the Executive Vice President and Treasurer, as the Executive Committee may designate.

10.3
The Executive Vice President and Treasurer, and any such other officers to assist the Executive Vice President and Treasurer, shall each give a bond with such sureties and in such amount as shall be determined from time to time by the Executive Committee.

10.4
All checks and proxies shall be signed by the Executive Vice President and Treasurer or such other officer or officers as the Executive Committee may authorize. All other documents may be signed, sealed, acknowledged, and delivered by the Executive Vice President and Treasurer or such other officer or officers as the Executive Committee may authorize, with such approval as may be required by these Bylaws.

10.5
When the Executive Vice President and Treasurer takes action beyond the scope of the financial acts as to which the Executive Vice President and Treasurer reports to the Corporation or the Executive Committee (as provided in Paragraphs 10.1 or any other Section of these Bylaws), the Executive Vice President and Treasurer shall discharge such duties under the administration and superintendence of the President and the Executive Committee, and shall report to the President.

10.6
The Executive Vice President and Treasurer shall serve as an ex officio member of the Executive Committee and the Development Committee and the Development Committee Executive Board, as an ex officio director of the investment management company established under these Bylaws, and as an ex officio member of the Corporation.

 

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The Bylaws of the MIT Corporation were most recently amended on December 7, 2012. They are available in an easy-print version (PDF). To view this file, you will need the Acrobat reader.

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