Agenda - 02-05-2008-6b - Laserfiche WebLink

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DUTIES OF THE GOVERNING BOARD Management of Business: The Governing board shall have general supervision and control of the affairs of the farmers' market and shall make all rules and regulations not inconsistent with the law of the state of North Carolina. The Governing board shall have the authority to promulgate an ethical code of conduct to regulate the activities of members at events sponsored by the farmers' market or under the general auspices thereof. The Governing board shall require proper records to be kept of all business transactions. Checks and Drafts: All checks, drafts, or orders for the payment of money, notes, or other evidences of indebtedness issued in the name of the farmers' market shall be signed by the Treasurer, provided however that the Governing board may authorize any active member to sign any or all such checks, drafts, etc., on behalf of the farmers' market. Such authority may be general or confined to specific instances. Audits: From time to time and least once a year, the Governing board shall review the financial records of the corporation. The Treasurer shall deliver an annual written statement on the financial affairs. At least once each year the Governing board may secure the services of a competent and disinterested public auditor or accountant and render a report in writing thereon, which shall be submitted to the membership of the corporation. Depository of Funds: The Board of Directors shall designate a federally insured bank as the depository for the funds of the corporation. Memberships: The Governing board shall elect new members, terminate memberships, and reinstate memberships as stated in these by-laws. Budget: The Governing board shall recommend an annual operating budget to the BOCC. The annual dues and daily market fee should be sufficient to cover the salary of the market manager as well as other market expenses.