Theodore R. McKeldin, Governor                    247

(c)   Vestry to authorize disbursements.

No money shall be expended for any purpose unless authorized by
the Vestry; ordinary recurring expenditures may be authorized by
a general order; but non-recurring expenditures shall be specifically
authorized from time to time as the exigencies for such disbursements
shall arise.

(d)  To be bonded.

The Treasurer shall give corporate surety bond conditioned on the
faithful performance of his duties in such penalty as the Vestry may
from time to time require, the premium thereon to be paid by the
Vestry.

(e)  Account of receipts and disbursements—to be audited once
yearly.

The Treasurer shall keep a detailed account of the receipts and
disbursements of the Parish funds, and such other financial trans-
actions as shall be appropriate and proper in the books of account
provided by the Vestry, which said books of account shall be audited
once yearly at least thirty days before the annual congregational
meeting by such person or persons as the Vestry may from time to
time select.

(f)  Reports to Vestry and Convention.

The Treasurer shall prepare and present to the Vestry monthly
reports of receipts and disbursements and such other financial reports
as the Vestry may from time to time require, as well as such reports
to the annual Convention of the Diocese as may be required by any
general or diocesan canonical mandate.

(g)  Other powers and duties.

The Treasurer shall have and perform such other powers and
duties as the Vestry may from time to time delegate to or require
of him.

288L. INCORPORATION OF VESTRIES.

(a)  Application to old Vestries.

The Vestry of each Parish of the Diocese of Easton, not separately
incorporated under the provisions of the law regulating the formation
of religious corporations generally, having been incorporated by
operation of law pursuant to the provisions of the Vestry Act of
1798, Chapter 24, Section XXVIII, are now, and shall forever be a
body corporate, by the name of the Vestry of the Parish of which the
Vestry is the Governing GOVERNING body, and by that name it,
and its successors, shall and may have perpetual succession.

(b)  Corporate powers—to take and hold land—to rent and lease—
to take and receive money and goods, and apply the same—subject
to general laws of State.

Each old Vestry, so incorporated as aforesaid, shall and may, at all
times hereafter, be an entity able and capable in law to purchase, take
and hold, to it and its successors, in fee, or for a lesser estate, any
lands, tenements or hereditaments, rents and annuities, within this
State, by the gift, bargain, sale or devise of any person, or bodies
politic or corporate, capable of making the same.