Sec. 8. The board shall have power to do all things necessary or convenient in conducting the business of the cooperative corporation, including but not limited to:
(a) The power to make, alter, amend or repeal by-laws for the regulation and management of the affairs of the cooperative corporation not inconsistent with law or with the articles of incorporation.
(b) To appoint agents and employees and to fix their compensation and the compensation of the officers of the cooperative corporation.
(c) To execute instruments.
(d) To delegate to one or more of the directors or to the agents and employees of the cooperative corporation such powers and duties as it may deem proper.
(e) To make its own rules and regulations as to its procedure.
Formerly: Acts 1951, c.193, s.8.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 1. Utilities Generally
Chapter 17. Telephones─rural Telephone Cooperative Act
8-1-17-2. Formation of Corporation
8-1-17-2.2. Telephone Cooperative Corporations Formed Before July 1, 2020
8-1-17-4. Articles of Incorporation
8-1-17-8. Board of Directors; Powers and Duties
8-1-17-10. Corporate Purpose; Local Cooperative Corporation
8-1-17-11. General Cooperative Corporation and Local Cooperative Corporation Distinguished
8-1-17-12. General Grant of Powers to Corporation
8-1-17-13. Powers of Cooperative Corporation Enumerated
8-1-17-14. Sale, Encumbrance, or Other Disposition of Property
8-1-17-15. Obligations; Authority for Issuance
8-1-17-16. Obligations; Covenants and Agreements to Secure
8-1-17-17. Purchase of Own Obligations
8-1-17-18.2. Consolidation of Corporations
8-1-17-19. Consolidation of Corporations; Transfer of Assets, Franchises, and Obligations
8-1-17-24. Principal Office; Change of Location
8-1-17-27. General Nonprofit Corporation Act; Application to Chapter
8-1-17-28. Construction of Chapter
8-1-17-29. Members Not Liable for Corporate Debts or Liabilities