208

LAWS OF MARYLAND

Ch. 97

direct.

All securities and other intangible property owned
by the parish as well as other valuable documents and
instruments of writing shall be deposited by the
treasurer in the name of the vestry in such safety
deposit box as the vestry may direct from time to time,
subject to withdrawal by the treasurer, or such member of
the vestry, jointly or otherwise, as the vestry may from
time to time prescribe.

(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 nonrecurring
expenditures shall be specifically authorized from time
to time as the exigencies for such disbursements shall
arise.

(d)   Bond.

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; annual

audit.

The treasurer shall keep a detailed account of the
receipts and disbursements of the parish funds, and such
other financial transactions 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.

309. Incorporation of vestries.

(a) Application to old vestries.