238.04 Powers of board.

196 words·~1 min read·/wi/chapter-238/238-04

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

238.04 Powers of board. The board shall have all the powers necessary or convenient to carry out the purposes and provisions of this chapter. In addition to all other powers granted the board under this chapter, the board may specifically:

(1)Adopt, amend, and repeal any bylaws, policies, and procedures for the regulation of its affairs and the conduct of its business.

(2)Have a seal and alter the seal at pleasure.

(3)Maintain an office.

(4)Sue and be sued.

(5)Accept gifts, grants, loans, or other contributions from private or public sources.

(6)Establish the corporation’s annual budget and monitor the fiscal management of the corporation.

(7)Execute contracts and other instruments required for the operation of the corporation.

(8)Employ any officers, agents, and employees that it may require and determine their qualifications, duties, and compensation.

(9)Issue notes, bonds, and any other obligations.

(10)Make loans and provide grants.

(11)Incur debt.

(12)Procure liability insurance.

(14)Enter into agreements regarding compensation, space, and other administrative matters as are necessary to operate offices in other states and foreign countries. Such agreements shall be subject to the approval of the secretary of administration.