The church shall hold, manage and disburse any funds or properties received by it from any source in a manner that is consistent with the expressed purposes of this church. All checks, drafts, demands for money and notes of the church shall be signed by such officer or officers, agent or agents, as the elders may from time to time designate.
The treasurer shall disburse these funds promptly according to the financial program of the church as detailed in the budgets or other authorized designations. All moneys for missions shall be remitted in accordance with the mission budget of the church or otherwise designated, preferably each month and not less than each quarter.
No note or contract exceeding 1% of the total annual budget whereby the credit of the church is pledged shall be made except by recommendation of the Council of Elders.