1. All deeds executed on behalf of the association may be in such form, and contain such powers, provisoes, conditions, covenants, clauses and agreements as the executive council shall think fit, and in addition to being sealed with the seal of the association, shall be signed by the president or a vice-president and countersigned by the secretary-treasurer.

2. All cheques or orders for payment shall be signed by the president or a vice-president and countersigned by the secre-tary-treasurer. Bills of exchange lodged with the association's bankers for collection may be drawn on its behalf by the secre-tary-treasurer.

3. Cheques or other negotiable instruments, deposited with the association's bankers for collection, and requiring the endorsement of the association, may be endorsed on its behalf by the secretary-treasurer.

4. All moneys belonging to the association shall be deposited with the Merchants Bank of Canada, or such other bankers as the executive council shall from time to time think fit; and all receipts for money paid to the association shall be signed by the secretary-treasurer; and such receipt shall be an effectual discharge for the money therein stated to be received.