Policy Bulletin 101 - Duties of Trustees
Adopted 2007/12

The Board of Directors, subject to the restrictions of the law, the Articles of Incorporation, and By-laws, shall exercise all of the powers of the Corporation. Without prejudice to or limitation upon their general powers, it is hereby expressly provided that the Board of Directors shall have, and are given, full power and authority to perform the duties and functions hereinafter set forth, to-wit:

1. To pass upon the qualification of members and to cause to be issued appropriate certificates of membership.
   
2. To select and appoint all officers, agents, or employees ofthe Corporation or remove such agents or employees ofthe Corporation at the pleasure of the Board, and to prescribe such duties and designate such powers as may be consistent with these Bylaws, and fix their compensation and pay for faithful services.
3. To borrow from any source money, goods or services and to make and issue notes and other negotiable and transferable instruments, mortgages, deeds of trust and trust agreements and to do every act and thing necessary to effectuate the same.
4. To prescribe, adopt and amend, from time to time, such equitable and uniform Rules and Regulations as they, in their discretion, may deem essential or convenient for the conduct of the business and affairs of the Corporation and the guidance and control of its officer and employees, and to prescribe adequate penalties for the breach thereof.
5. To order, at least each year, an audit of the books and accounts of the Corporation by an accountant. The report prepared by such accountant shall be submitted to the members of the Corporation prior to their annual meeting.
6. To annually prepare and submit to the members a proposed budget for the succeeding fiscal year, and to adopt such a budget prior to the commencement of the succeeding fiscal year.
7. To fix the charges to be paid by each member for services rendered by the Corporation to him, the time of payment and the manner ofcollection.
8. To require all officers, agents and employees charged with responsibility for the custody of any of the funds of the Corporation to give adequate bonds, the cost thereof to be paid by the corporation and it shall be mandatory upon the Board to so require.
9. To select one or more banks to act as depositories of the funds of the Corporation and to determine the manner of receiving, depositing and disbursing the funds of the Corporation and the form of checks and the person or persons by whom the same shall be signed with the power to change such banks and the person or persons signing such checks and the form thereof at will.
10. To create and appoint all committees and to d​elegate such duties as allowed by law, the Articles of Incorporation and the Bylaws.