Section 1. Limitation on Source(s) of Income

The Network shall not engage in profit-making business activities unrelated to the purposes outlined in Article Three above.

Section 2. Disbursement of Resources

As the resources of the Network come from the astrological community, the resources of the Network shall benefit or go back into the astrological community through the Network's various activities, programs, and projects. The accumulation of capital per se shall not be a purpose of the Network. Networkers are invited and urged to contribute to the support of the Network's various activities. Bequests and endowments, and donations and contributions in excess of a member's dues, should be directed to the Network's specific funds or to a specific project. All monies acquired by the Network shall be spent on activities, programs, and projects that further the purposes of the Network as outlined in Article Three above and that benefit the astrological community.

Section 3. Administrative Expenses

The only administrative expenses the Network shall incur shall be for supplies, literature, phone calls, and other tools of effective communication. Until the membership in the Network the Network reaches 1200, only the Recording Secretary shall be a paid or salaried officer, although the reasonable expenses of members of the SC may be reimbursed. With a network of over 1200 members, the SC may allocate a stipend for the Network's other officers and/or for the Membership Secretary.

Section 4. Fiscal Year

The fiscal year of the Network shall run from October 1 to September 30.

Section 5. Execution of Instruments

Only the SC may by resolution authorize a Networker or other person to enter into any contract or execute and deliver any instrument in the name of and on behalf of the Network, and such authority may be general or confined to specific instances. Unless so authorized, no Networker or other person shall have any power or authority to bind the Network by any contract or engagement or to pledge its credit or to render it monetarily liable for any purpose in any amount.

Section 6. Checks and Notes

Except as otherwise specifically determined by resolution of the SC, or as otherwise required by law, checks, drafts, promissory notes, orders for the payment of money, and other evidence of indebtedness of the Network shall be signed by the Treasurer. Checks, drafts, promissory notes, orders for the payment of money, and other evidence of the indebtedness of the Network exceeding five hundred dollars ($500.00) shall be approved in advance by the SC.

Section 7. Gifts

The Treasurer and the SC may accept on behalf of the Network any contribution, gift, bequest, or device for the nonprofit purposes of the Network.

Section 8. Prohibition Against Sharing Network Profits and Assets

No Networker or any other person connected with the Network shall receive at any time any of the net earnings or pecuniary profit from the operations of the Network, provided, however, that this provision shall not prevent payment to any such person for reasonable compensation for services performed for the Network in effecting any of its purposes, provided that such compensation is otherwise permitted by these Bylaws and is fixed by resolution of the SC.

Section 9. Annual Accounting Review

By the request of the SC, the financial records of the Network may be reviewed annually by a Certified Public Accountant at a level appropriate to the circumstances and as may be required by law.

Section 10. Annual Report

A. As required by law and subject to the exceptions provided by law, the SC shall cause an annual report to be prepared and sent to the members of the SC, and published and sent to the Networkers when required by law, not later than one hundred twenty (120) days after the close of the Network's fiscal year. Such annual report shall contain in appropriate detail

1. the assets and liabilities, including the trust funds, of the Network as of the end of the fiscal year;

2. the principal changes in assets and liabilities, including trust funds, during the fiscal year;

3. the revenue or receipts of the Network, both unrestricted and restricted to particular purposes, for the fiscal year;

4. the expenses and disbursements of the Network, for both general and restricted purposes, during the fiscal year; and

5. any information required by Section 11 of this Article.

B. If an annual report is not required by law in any given year, a report with the information required in Subsection a above shall be prepared, within one hundred twenty (120) days of the close of the fiscal year, and furnished to all members of the SC and to any Networker who requests it in writing.

C. The annual report shall be accompanied by any report thereon of independent accountants, or there is no such report, the certificate of an authorized office of the Network that such statements were prepared without audit from the Network's books and records.

Section 11. Annual Statement of Specific Transactions to Members

If the Network sends an annual report to the members according to the provisions of Section 10 of this Article, then such an annual report shall include the information on transactions required by this Section. If an annual report is not required to be sent to the members, then the Network shall mail or deliver to the members a statement within one hundred twenty (120) days after the close of the fiscal year which briefly describes the amount and circumstances of any transaction or indemnification in which the Network was a party and in which any member of the SC had a direct or indirect material or financial interest. Such a statement need be provided only with respect to a transaction from the general fund during the previous fiscal year involving more than five thousand dollars ($5,000.00), or which was one of a number of transactions with the same person involving, in the aggregate, more than five thousand dollars ($5,000.00). Similarly, the statement need only be provided with respect to indemnification or advances aggregating more than one thousand dollars ($1,000.00) paid during the previous fiscal year to any member of the SC or officer other than Recording Secretary, except that no such statement need be made if such indemnification was approved by the members pursuant to Section 5238(e)(2) of the California Nonprofit Public Benefit Corporation Law.