Agenda - 10-09-2007-6b - Laserfiche WebLink

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37 Section 8. Agreements with Market Members. The Board of Directors has the power to carry out all and any agreements of the Corporation with Market Members and others in every way advantageous to the Corporation, representing the Market Members and ethers collectively. Section 9. Depository of Funds. The Board of Directors will use a federally insured bank to deposit the Corporation's funds. Section 10. Memberships. The Board of Directors will accept new Corporation members, terminate memberships, and reinstate memberships as stated in Article II of the by-laws. Section 11. Observance of the By-Laws. The Board of Directors has the power to enforce the observance of all provisions of the Corporation's by-laws by Market Members. Article VI Duties of Officers Section 1. Duties of the President. The President will: 1 lead the Board of Directors 2 preside over the Corporation's meetings 3 preside over meetings of the Market Members 4 call special meetings of the Board of Directors 5 perform acts and duties usually performed by an executive and presiding officer 6 supervise employees/contractors 7 sign all papers for the Board of Directors except (see Article V, Sections 4, 5). The President will perform such other duties as may be prescribed by the Board of Directors. Section 2. Duties of the Vice President. The Vice President will assist the President and will perform the duties of the President in his/her absence. The Vice President will perform such other duties as may be prescribed by the Board of Directors. Section 3: Duties of the Secretary. The Secretary will be responsible for keeping the archive of Corporation records and documents, including a complete record of Corporation meetings and meetings of the Board of Directors. S/he will serve all notices, including state and federal legal and tax documents, required by law-and by the Corporation by-laws. S/he will make a full report of all matters and business pertaining to the office of Secretary at the Annual Membership Meeting. The Secretary will participate in the compilation of reports required by the Corporation or the Board of Directors. S/he will retain a current, complete list of Market Members, agents, and employees/contractors of the Corporation and their contact information, as compiled by the Market Manager. The Secretary will turn over all records and documents and other Corporation property in his/her possession upon election of a successor. Section 4: Duties of the Treasurer. The Treasurer will perform all duties with respect to Corporation finances as prescribed by the Board of Directors and as provided in Article V, Section 4. S/he will make a full report of all matters and business pertaining to the office of Treasurer at the Annual Membership Meeting. The treasurer shall turn over all books and other Corporation property in his/her possession upon election of a successor. Section 5. Succession of Officers. In case of death or resignation of an officer or the inability of an officer to perform his/her duties, the Board of Directors may declare the office vacant and elect the officer's successor as provided in Article IV, Section 4.