May 26, 1993

BYLAWS
OF
THE PENINSULA FLY FISHERS, INC.

ARTICLE VIII. Deposit of Funds

SECTION 1

All funds of the corporation not otherwise used shall be deposited in a commercial checking or savings account in one or more institutions approved by the board of directors, whose accounts are guaranteed by the United States of America or by an instrumentality thereof. Such deposits shall be made in the name of the corporation only.

SECTION 2

The board of directors shall select and approve those members authorized to sign on corporation fund accounts.

SECTION 3

All checks, drafts, or other instruments for the withdrawal of funds of the corporation in an amount exceeding $1500.00 dollars shall be endorsed by at least two of the above authorized signees. Where the withdrawal is in an amount not in excess of $1500.00, the check, draft, or instrument shall be endorsed by at least one of the authorized signees.