41-831 - Arizona Statutes

41-831. Prescott historical society of Arizona; organization; officers; election by membership; property held in trust; expenditure of legislative appropriations A. There shall be a Prescott historical society of Arizona which, subject to the limitations imposed by law, may purchase, receive, hold, lease and sell property, real and personal, for the benefit of the state and the use of the society. B. The society shall have a president, a vice-president, a secretary, a treasurer and other officers as determined by the board of trustees. The president shall preside at meetings of the society and of the board of trustees. C. The members of the board of trustees shall be elected by the members of the society. The board of trustees shall consist of fifteen members of the society who reside in this state. D. The treasurer shall have custody of the funds of the society other than legislative appropriations. He shall hold the funds of the Sharlot Hall historical society coming into his hands in trust for the use of the Sharlot Hall historical society and for the benefit of the state and shall disburse them only as prescribed by law and according to the bylaws of the society. E. The board of trustees shall hold in trust for the state and administer for the benefit of the state and use of the society all property acquired by the society. F. All expenditures of legislative appropriations to the society shall be made upon claims duly itemized, verified and approved by the board which shall be presented and filed with the director of the department of administration who shall draw his warrant therefor.