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<br /> .. I <br /> Section 2. The President presides at meetings of the board. The Secretary-Treasurer is I <br /> -I <br /> responsible for records of proceedings of the board, the funds and financial records of the board, <br /> and such other matters as may be delegated to the Secretary-Treasurer by the board. <br /> Section 3. The President and the Secretary-Treasurer must sign vouchers or orders I <br /> disbursing funds of the North Metro 1-35W Corridor Coalition. Disbursement will be made in the <br /> method prescribed by law for statutory cities. I <br /> Section 4. The board may in its by-laws provide for and define the duties of such other <br /> officers as it determines necessary from time to time. I <br /> Section 5. The board may in its by-laws provide for such conunittees as it determines <br /> necessary from time to time. A by-law providing for an executive corrunittee and defining the I <br /> powers and duties of an executive conunittee may be adopted only by a favorable vote of all <br /> members of the board. I <br /> ARTICLE VIII. POWERS AND DUTIES I <br /> Section I. The board may take such actions as it deems necessary and convenient to .. <br /> accomplish the general purposes of this agreement. I <br /> Section 2. The board may: <br /> (a) enter into contracts to carry out its powers and duties; I <br /> (b) provide for the prosecution, defense, or other participation in proceedings at law or <br /> in equity in which it may have an interest; I <br /> (c) employ such persons as it deems necessary on a part-time, full-time or consultant <br /> basis; I <br /> (d) purchase, hold or dispose of real and personal property; <br /> (e) contract for space, conunodities or personal services with a member or group of I <br /> members; <br /> (I) accept gifts, apply for and use grants or loans of money or other property from the I <br /> state, the United States of America, and from other governmental units and may enter into I <br /> agreements in connection therewith and hold, use and' dispose of such money or property in <br /> accordance with the terms of the gift, grant, loan or agreement relating thereto. .. <br /> 6 I <br />