1. Purpose
This policy affirms that Sin City Repeater Group, Inc. (the “Corporation”) operates as a separate legal entity and acts only through its duly authorized officers, directors, and agents, in accordance with its bylaws and applicable law.
2. Authority and Governance
The Corporation acts only through the Board of Directors, by resolution or recorded vote, or through officers acting within authority granted by the bylaws, Board resolutions, or written delegation. No member, volunteer, or individual has authority to bind the Corporation absent such authorization.
3. Separation of Assets
All corporate funds, accounts, equipment, licenses, and property shall be maintained separately from any personal assets of officers, directors, members, or volunteers. Commingling of personal and corporate funds or property is prohibited.
4. Execution of Documents
Contracts, agreements, and official documents shall be executed in the name of the Corporation. Authorized signatures shall clearly indicate the signer’s corporate capacity. No individual shall execute agreements on behalf of the Corporation without proper authority.
5. Meetings and Records
Board and officer actions requiring approval shall be documented through minutes, written resolutions, or written consents where permitted. Informal consensus shall not substitute for required formal action.
6. Compliance
Failure to observe corporate formalities may result in corrective action as determined by the Board of Directors.
7. Administration
This policy is adopted by resolution of the Board of Directors. It may be amended or rescinded by the Board at any time. This policy is subordinate to the Corporation’s bylaws and applicable law.