Common use of Additional Authority Clause in Contracts

Additional Authority. 10.7.1. The Directors are empowered and vested with all powers necessary for effectuating the purposes of the Cooperative and this Agreement, including, but not limited to, the powers set forth herein or conferred by law, and the following additional powers: 10.7.1.1. To enter into any and all contracts and agreements for carrying out the terms of this Agreement and for the administration of the Cooperative, and to do all acts as they may deem necessary or advisable, and such contracts and agreements and acts shall be binding and conclusive on the parties and the members. 10.7.1.2. To keep property and securities registered in the name of the Cooperative. 10.7.1.3. To the extent allowed by law, to establish and accumulate as part of the Cooperative such a reasonable reserve of funds as the Directors deem necessary or desirable to carry out the purposes of the Cooperative. 10.7.1.4. To establish and carry out a funding policy and method consistent with the objectives of the Cooperative. 10.7.1.5. To set rates for the medical or health care benefits the Cooperative provides to its members. 10.7.1.6. To do all acts, whether or not expressly authorized herein, which the Directors may deem necessary or proper for the protection of the property held hereunder. 10.7.1.7. To appoint a Consultant on a yearly or other basis, as the Directors may require, to carry out the provisions of this Agreement. 10.7.1.8. To appoint a Fiduciary Agent on a yearly or other basis, as the Directors may require, to carry out the provisions of this Agreement. 10.7.1.9. To appoint a Third-party Administrator on a yearly or other basis, as the Directors may require, to carry out the provisions of this Agreement. 10.7.1.10. To engage a certified public accountant to perform all services as may be required by applicable law and such other services as the Directors may deem necessary. 10.7.1.11. To employ such administrative, legal, consulting, expert, and clerical assistance, to purchase or lease such premises, materials, supplies, and equipment, and perform such other acts, as the Directors find it necessary or appropriate in the performance of their duties.

Additional Authority. 10.7.1. The Directors are empowered and vested with all powers necessary for effectuating the purposes of the Cooperative and this Agreement, including, but not limited to, the powers set forth herein or conferred by law, and the following additional powers: 10.7.1.1. To enter into any and all contracts and agreements for carrying out the terms of this Agreement and for the administration of the Cooperative, and to do all acts as they may deem necessary or advisable, and such contracts and agreements and acts shall be binding and conclusive on the parties and the members. 10.7.1.2. To keep property and securities registered in the name of the Cooperative. 10.7.1.3. To the extent allowed by law, to establish and accumulate as part of the Cooperative such a reasonable reserve of funds as the Directors deem necessary or desirable to carry out the purposes of the Cooperative. 10.7.1.4. To establish and carry out a funding policy and method consistent with the objectives of the Cooperative. 10.7.1.5. To set rates for the medical or health care benefits the Cooperative provides to its members. 10.7.1.6. To do all acts, whether or not expressly authorized herein, which the Directors may deem necessary or proper for the protection of the property held hereunder. 10.7.1.7. To appoint a Consultant on a yearly or other basis, as the Directors may require, to carry out the provisions of this Agreement. 10.7.1.8. To appoint a Fiduciary Agent on a yearly or other basis, as the Directors may require, to carry out the provisions of this Agreement. 10.7.1.9. To appoint a Third-party Third‐party Administrator on a yearly or other basis, as the Directors may require, to carry out the provisions of this Agreement. 10.7.1.10. To engage a certified public accountant to perform all services as may be required by applicable law and such other services as the Directors may deem necessary. 10.7.1.11. To employ such administrative, legal, consulting, expert, and clerical assistance, to purchase or lease such premises, materials, supplies, and equipment, and perform such other acts, as the Directors find it necessary or appropriate in the performance of their duties.