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Proposed Board of Directors Structure -- Continued r <br />S. Appointed members of the Board of Directors will be reappointed <br />every 2 years. <br />6. A change in the structure of the Board of Directors must be <br />approved by a 3 /5's majority of those eligible to vote who cast <br />ballots, and is subject to ratification by the Orange County <br />Board of Commissioners. <br />Proposed Board of Directors -- Duties and Responsibilities <br />The purpose of the Board of Directors is to provide direction to the <br />Orange County Livestock /Horticulture Market /Rural Education Center," <br />keeping always in mind that the Orange County Livestock / Horticultur <br />Market /Rural Education Center is a publicly owned, privately operated <br />enterprise held as a public trust. <br />1. A primary duty of the Board of Directors is to hire a profession: <br />manager, and to provide this manager with sufficient support and <br />incentives that will enable him to get the operation off the <br />ground and keep it growing. <br />2. The manager, once hired, will be responsible for hiring the <br />staff necessary to operate the facility. <br />3. While the day to day operations of the Orange County Livestock/ <br />Horticulture Market /Rural Education Center will be'left to the <br />manager, the Board of Directors will set general guidelines for <br />the operation of the facility. <br />4. The Board of Directors will set the appropriate."fees, rents an <br />commissions to be'charged. <br />S. The Board of Directors will assure that all applicable .federal Aim <br />state and local regulations concerning the Center'•s.various <br />enterprises' are 'strictly adhered to. <br />6. The Board of Directors will approve 'an annual budget for the <br />Center's operation which will be prepared by the Center'-s. mana <br />•7. The Board of Directors will approve contractsi• as necessary, <br />with concessionaires,-businesses, groups and individuals to <br />provide necessary services for the 'Center. <br />8. The Board of Directors will approve capital expenditures as <br />necessary. <br />9. The Board of Directors will issuXe or redeem stock/bonds as <br />necessary and appropriate.. <br />10.. The 'Board of Directors will oversee 'the 'Center's. custodial <br />account. <br />11. Thd Board of Directors will serve 'as liason, wherever necessar <br />between the Center. and its. various constituent groups,, <br />- more -: <br />CI <br />