Page 6 by him in connection with or resulting from any action, suit, proceeding, or claim to which he is, or may be made, a party by reason of his being or having been a Trustee or officer at the time such costs or expenses are incurred by, or imposed upon him, and whether or not the act or omission to act, which is the basis of the suit, action, proceeding or claim, occurred before or after the adoption of this Article of the By-laws, except in relation to matters as to which he shall have been finally adjudged in such action, . suit or proceeding, to be liable for negligence or misconduct in the performance of his duties as such officer or Trustee. Such right of indemnification shall not be deemed exclusive of any rights to which he may be entitled under any other By-law, agreement, vote or otherwise. ARTICLE V111 CHECKS, DRAFTS, MOTES, ETC. Section 1 All checks, drafts, notes and orders for the payment of money issued by the Corporation shall be signed by any officer of the Corporation and countersigned by any other officer of the Corporation, and any endorsement of such paper, excepting checks, in the ordinary course of business shall be similarly signed, but any one officer of the Corporation may endorse a check for collection and deposit to the credit of the Corporation, in which event, such officer shall notify the Treasurer. Section 2 All officers shall be bonded by an accredited bonding company