Powers and Duties of the Board of Directors. 8.1 The business and affairs of the Pool shall be managed by the Board which shall exercise all the authority and powers and discharge all the duties of the Pool, except as is otherwise provided in this Pool Agreement.
8.2 In addition to all other powers of the Board set out in this Pool Agreement, the Board shall have the power to:
1. Exercise all powers necessary to carry out the purposes of the Pool.
2. Retain agents, independent contractors and employees necessary to administer and achieve the purposes of the Pool, including, but not limited to, attorneys, accountants, investigators, experts, consultants, and others.
3. Purchase, sell, encumber, and lease real property, and purchase, sell, encumber or lease equipment, machinery, and personal property.
4. Invest money as allowed for the Pool by Colorado statutes or by lawful regulations adopted pursuant to Colorado statutes, as from time-to-time amended.
5. Purchase excess insurance, stop-loss insurance, and reinsurance as the Board deems prudent.
6. Adopt and adjust the coverages provided through the Pool.
7. Adopt and adjust contributions to the Pool.
8. Enter into contracts including, but not limited to, contracts for risk management, claim adjustment, and brokerage services.
9. Reimburse Directors for reasonable and approved expenses, including expenses incurred in attending Board meetings, and pay compensation to each Director for his or her services in a sum not to exceed the maximum sum which may by statute be paid as compensation for services of directors on Colorado special district boards of directors.
10. Purchase fidelity bonds from an insurance company approved by the Insurance Commissioner of the State of Colorado to do business in Colorado.
11. Establish reasonable and necessary loss reduction, prevention and risk management policies and procedures to be followed by the Members.
12. Appoint committees from time to time as the Board considers desirable.
13. Provide for claims and loss control procedures, and establish conditions to be met prior to the payment or defense of claims.
14. Establish rules governing its own conduct and procedure, and the authority of its officers, not inconsistent with this Pool Agreement.
15. Approve attorneys or firms of attorneys to represent Members in claims covered through the Pool.
16. Delegate in writing fiduciary responsibilities or ministerial powers and duties to individual Directors or committees of the Board or to such agents, employees, and indepen...
Powers and Duties of the Board of Directors. The Board of Directors shall have all lawful powers and duties for the management and administration of the affairs of the Association and may do all such lawful acts as are not specifically required to be done by the Lot Owners pursuant to the Governing Documents.
Powers and Duties of the Board of Directors. A. All of the powers and duties of the Association existing under the Articles of Incorporation and these By-Laws shall be exercised exclusively by the Board of Directors, its agent, contractors or employees, subject only to approval by Site Owners when such is specifically required. Such powers and duties shall be exercised in accordance with the documents herein stated, and shall include, but not be limited to, the following:
1. Making, establishing, amending and enforcing reasonable rules and regulations governing portions of the Property, provided that notice of any modification, addition or deletion of the regulations is sent by U.S. Certified Mail, return receipt requested, to each member of the Association at least thirty (30) days before said modification, addition or deletion becomes effective.
2. Making, levying, collecting and enforcing assessments against members to provide funds to pay the Association Expenses. Such assessments shall be collected by the Association by payments made directly to the Association by members in the manner set forth in the documents described above.
3. Using the proceeds of assessments in the exercise of its powers and duties.
4. Enforcing by legal means the provisions of the Declaration, Articles, these By-Laws and rules and regulations as same may be promulgated, modified, or amended from time to time, including levying fines.
5. Retaining independent contractors and professional personnel and entering into and terminating service, supply and management agreements and contracts to 61 63 provide for the administration, management, operation, repair and maintenance of the portions of the Property over which the Association has jurisdiction.
6. Hiring and retaining such employees and/or contractors for reasonable compensation as are necessary to administer and carry out the services required for the proper administration of the purposes of the Association and delegating thereto all powers and duties of the Association which are not specifically required by the Declaration, the Articles or these By-Laws to have the approval of the Board of Directors or the membership of the Association.
7. To do such other things as may be necessary in order to perform the duties and to exercise the powers provided for the Association in the Declaration except that the Association shall obtain an affirmative vote of at least eighty percent (80%) of its membership before any legal action be commenced which has the expected recovery of ...
Powers and Duties of the Board of Directors. 11.1 The Board of Directors of the Agency shall have the following powers and duties:
(a) The Board of Directors shall appoint an Executive Director and any other officers as appropriate;
(b) The Board of Directors shall determine and select a Joint Protection Program for the Agency;
(c) The Board of Directors shall determine and select all coverage, including excess insurance (if available), necessary to carry out the Joint Protection Program of the Agency;
(d) The Board of Directors shall have authority to contract for or develop various services for the Agency, including claims adjusting, legal services, loss control, and risk management consulting services;
(e) The Board of Directors shall cause to be prepared the operating budget of the Agency for each fiscal year;
(f) The Board of Directors shall have the authority to appoint committees;
(g) The Board of Directors shall receive and act upon reports of appointed committees and the Executive Director;
(h) The Board of Directors shall have the power to hire such persons as the Board deems necessary for the administration of the Agency, including the “borrowing” of employees from one or more of the Members, subject to the approval of the Member. Any Member whose employee is so “borrowed” according to this provision shall be reimbursed by the Agency for that employee’s time spent or services rendered on behalf of the Agency;
(i) The Board of Directors shall have the general supervisory and policy control over the day-to-day decisions and administrative activities of the Executive Director of the Agency;
(j) The Board of Directors shall provide for the investment and disbursement of funds;
(k) The Board of Directors shall receive and review periodic accountings of all funds of the Agency;
(l) The Board of Directors shall have the authority to establish contributions by the Members;
(m) The Board of Directors shall have the authority to establish criteria for new Members;
(n) The Board of Directors shall have the authority to admit new Members on such terms and conditions as it deems appropriate;
(o) The Board of Directors may establish membership standards that promote commitment to the Agency’s risk management requirements;
(p) The Board of Directors shall have the authority to establish rules governing its own conduct and procedure consistent with the By-Laws;
(q) The Board of Directors shall have the authority to amend the By-Laws by a two-thirds (2/3) vote of the Board;
(r) The Board of Directors shall...
Powers and Duties of the Board of Directors. The Board of Directors shall have the authority to:
(1) Consider and approve any purchases of equipment, facilities, or services for the Council; provided that the cost thereof is within the Aggregation Costs approved by the Assembly.
(a) Make recommendations to the Assembly concerning any matter relating to the Council and its Programs, including but not limited to:
(i) amendments to or modifications of the Agreement and Bylaws,
(ii) appropriations of the Council, and
(iii) disqualification of Members.
(2) Direct the Fiscal Agent concerning any disbursements from the Aggregation Fund.
(3) By affirmative vote of a majority of Board members and upon certification to the Board by the Fiscal Agent that the proposal is within the limits of the Council’s resources, amend the budget and appropriations of the Council.
(4) Approve the inclusion of additional Members into the Council.
(5) Enter into any and all necessary and incidental contracts to facilitate the aggregation the retail electric loads within the jurisdiction(s) of the Members.
(6) Enter into any and all necessary and incidental contracts to carry out all Programs of the Council.
(7) Enter into any and all necessary and incidental contracts to carry out all Programs of the Council.
Powers and Duties of the Board of Directors. The Board of Directors shall have the authority to:
(1) Consider and approve any purchases of equipment, facilities, or services for the Council, and employment of personnel by the Council; provided that the cost thereof is within the Aggregation Costs approved by the Assembly;
(a) Make recommendations to the Assembly concerning any matter relating to the Council and its Programs, including but not limited to:
(i) amendments to or modifications of the Agreement and Bylaws;
(ii) appropriations of the Council; and
(iii) disqualification of Members.
(2) Direct the Fiscal Agent concerning any disbursements from the Aggregation Fund;
(3) By affirmative vote of a majority of Directors and upon certification to the Board by the Fiscal Agent that the proposal is within the limits of the Council’s resources, amend the budget and appropriations of the Council;
(4) Approve the inclusion of additional Members into the Council;
(5) Enter into any and all necessary and incidental contracts to facilitate the aggregation of the retail electric and natural gas loads within the jurisdiction(s) of the Members;
(6) Approve and authorize any new Program of the Council and the terms and conditions of any Program Agreement, including eligibility of any Member or non-member to participate in any such Program, and costs thereof, if any, under any such Program Agreement;
(7) Enter into any and all necessary and incidental contracts to carry out all Programs of the Council; and
(8) Establish one or more standing or Advisory Committees of the Board of Directors.
Powers and Duties of the Board of Directors. Section 1. The powers and duties of the Board of Directors of the Authority are set forth in this article.
Section 2. The Board may make such contracts and enter into such agreements as it deems necessary to make effective any power granted to the Authority by this Agreement. It may contract with any of its member governmental units or others to provide space, services or materials on behalf of the Authority.
Section 3. The Board may provide for the prosecution, defense, or other participation in actions or proceedings at law in which it may have an interest, and may employ counsel for that purpose. It may employ such other persons as it deems necessary to accomplish its powers and duties. Such employees may be on a full-time or part-time, or consulting basis as the Board determines, and the Board may make any required employer contributions that local government units are authorized or required to make by law.
Section 4. The Board may conduct such research and investigation and take such action as it deems necessary, including participation and appearance in proceedings of state and federal regulatory, legislative or administrative bodies, on any matter related to or affecting utility costs, levels of service, rates or franchises, utility uses of the right of way and other public property and advise members concerning such matters with a view toward obtaining utility compliance with applicable law, including member ordinances and franchises granted to utilities and insuring reasonable rates and service levels for the members and their residents. The Board may conduct the activities authorized by this section on behalf of any governmental unit located outside the metropolitan area at the request of such a unit, embodied in a resolution of its governing body; provided however, that the conduct of such activities on behalf of any such governmental unit must be specifically authorized by the Board and shall be subject to such reasonable conditions as to cost of service and other matters as may be imposed by the Board.
Section 5. The Board may obtain from any utility and from any other source such information relating to utility rates, costs and service levels as any of its members is entitled to obtain from such utilities.
Section 6. The Board may accept voluntary contributions from its members or other sources as provided in Article X. The Authority has no taxing power. It may accumulate reserve funds and may invest and re-invest its funds not needed for cur...
Powers and Duties of the Board of Directors. Except as otherwise provided herein, or in the Korean Commercial Code, or in resolutions adopted at general meetings, the Board of Directors shall decide by resolution all important matters relating to the daily management of the business of the Company and shall supervise the management of the Company carried out by the Representative Directors of the Company. The Board of Directors shall discuss and decide at least all major matters concerning the Company.
Powers and Duties of the Board of Directors. The powers and duties of the Board of Directors generally include:
1. Formulating, and adopting Cooperative policies;
2. Employing an Executive Director and other personnel, determining their compensation, dismissing personnel, including determining whether an employee has willfully or negligently failed to report an instance of suspected child abuse or neglect as required by 325 ILCS 5/, and establishing an equal employment opportunity policy that prohibits unlawful discrimination;
3. Approving the annual budget, major expenditures, payment of obligations, annual audit, and other aspects of the Cooperative's financial operation;
4. Letting contracts utilizing the public bidding procedure when required;
5. Providing, constructing, controlling, supervising, and maintaining adequate physical facilities;
6. Approving the curriculum, textbooks, and educational services;
7. Evaluating the educational program;
Powers and Duties of the Board of Directors. A. The Board shall have the following powers and duties:
1. To recommend the contribution formula to be used for the Members contribution calculation;
2. To bind the types of coverage, including any tail coverage available to expelled or withdrawn Members or to Members upon dissolution of the Pool, limits of liability on any excess insurance policies, and the types of deductibles that the Pool provides; and to recommend these coverages for ratification by the membership per Article 8.A.
