I. The Circle shall:
- Be known and do business as it is registered with SIS Inc. International;
- Consciously identify itself as a duly chartered Circle of SIS Inc. in all dealings with its clients, contractors, public officials and others, and
- Prominently place appropriate notice of its chapter membership on all forms, business cards, stationary, advertising, signs and other materials where SIS Inc. membership is disclosed.
II. The Circle shall be solely responsible for its revenues and expense in providing, managing or otherwise conducting the business affairs of the Circle.
III. The Circle shall comply with the provisions of its charter agreement, the constitution, bylaws and policies and directives of SIS Inc. International and shall operate its programs, services and business activities in keeping with the purposes, philosophy and standards set forth therein.
IV. The Circle shall open and maintain a bank account to be used in general operational activities of the Circle, as well as an account or accounts for designated specific purposes, which cannot be used for general operational purposes. The Circle shall make records of its bank accounts available to SIS Inc. International upon request.
V. The Circle shall keep current, correct and complete books and records of accounts and shall keep minutes of proceedings of its members, and addresses of its members entitled to vote.
VI. The Chapter shall maintain current, true and accurate records of all financial transactions of the Chapter, including all income and expenditures in accordance with generally accepted accounting principles. Based on these records,
- The officers of the Circle or trustees shall prepare an annual report of the financial activity of the Circle for presentation to SIS Inc. International.
- The accounting period is January through December.
- The financial report is due no later than 60 days after the close of the accounting period. All books, records and annual reports shall be maintained for at least three years after closing of the accounting period.
VII. The Circle agrees to cooperate with SIS Inc. International to protect its Service-marks, Trade-marks and logos from unauthorized use by anyone or any entity without SIS Inc. International's explicit authority to use the same.
VIII. Each Circle shall have the right to acquire real and personal property to facilitate the furtherance of their programs and services. The Chapter shall maintain an inventory of said property and said property shall be turned over to SIS Inc. International in the event that the Chapter's charter becomes forfeited or not renewed by SIS Inc. International.
IX. The Circle will indemnify and hold harmless SIS Inc. International from any and all claims made against the Chapter.
X. The Circle will arrange in a manner appropriate to its circumstance, for liability coverage for its activities.
XI. The Circle shall make application for exemption as a 501 (C) (3) organization and shall assume all responsibilities as applicable to those required by the Internal Revenue Service.
XII. The Circle shall supply copies of all financial, membership, operational and other records maintained in the course of its operations to SIS Inc. International upon request.