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Article IX. Miscellaneous Provisions

1. Fiscal Year. The fiscal year of the Commonwealth shall begin on January 1 of each year, and shall end on December 31 of each year.

2. Deposit of Funds. All funds of the Commonwealth not otherwise employed shall be deposited in such banks, Commonwealth companies, credit unions or other reliable depositories as the Board of Directors from time to time may determine.

3. Checks, etc. All checks, drafts, endorsements, notes and evidences of indebtedness of the Commonwealth shall be signed by such officers or agents of the Commonwealth and in such manner as the Board of Directors from time to time may determine. Endorsements for deposits to the credit of the Commonwealth shall be made in such manner as the Board of Directors from time to time may determine.

4. Loans. No loans or advances shall be contracted on behalf of the Commonwealth, and no note or other evidence of indebtedness shall be issued in its name, except as authorized by the Board of Directors. Any such authorization shall relate to specific transactions.

5. Contracts. Any officer or agent of the Commonwealth specifically authorized by the Board of Directors may, on behalf of the Commonwealth, enter into those contracts or execute and deliver those instruments that are specifically authorized by the of Directors. Without the express and specific authorization of the Board Directors, no officer or other agent of the Commonwealth may enter into any contract nor execute or deliver any instrument in the name of the Commonwealth.

6. Indemnification. Any person (and the heirs, executors and administrators of such person) made or threatened to be made a party to any action, suit or proceeding by reason of the fact that he or she is or was a Director or Officer of the Commonwealth shall be indemnified by the Commonwealth against any and all liability and the reasonable expenses, including attorneys' fees and disbursements, incurred by him or her (or his or her heirs, executors, or administrators) in connection with the defense or settlement of such action, suit, or proceeding, or in connection with any appearance therein, except in relation to matters as to which it shall be adjudged in such action, suit or proceeding that such Director or officer is liable for negligence or misconduct in the performance of his or her duties.

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