ICANN Resolutions » 1999-05-27 - DISBURSEMENTS
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Board approves fund disbursements and check-signing authority within specified parameters.
RESOLVED (Resolution 99.59), that Michael Roberts, Josh Elliott and Suzanne Woolf, and each one of them, may authorize disbursements of the Corporation's funds, and sign checks of the Corporation, in amounts of $5,000 or less, and Josh Elliott and Suzanne Woolf, and each of them, may authorize disbursements of the Corporation's funds, and sign checks of the Corporation, in amounts of more than $5,000 and less than $50,000 with the written approval of the President of the Corporation (presently Michael Roberts), which written approval in the case of a check shall be indicated by the signature of the President on the check. In the event that a disbursement of $50,000 or more is needed, the approval of the Board or the Executive Committee shall be required.