ARTICLE 111. 



Duties of Directors 



Section 1. Management of Business. The Board of Directors shall have 

 general supervision and control of the business affairs of the Associa- 

 tion and shall make all rules and regulations not inconsistent with law 

 or these By-Laws for the management of business and guidance of the 

 members, officers, employees, and agents of the Association. The Board 

 shall have power to appoint an executive committee and such other 

 committees as the Board may determine and may delegate such authority 

 to such committee or committees as it determines to be proper. 



Section 2. Employment of Manager. The Board of Directors shall have 

 the power to employ or authorize employment of a manager and such 

 other employees as may be deemed necessary and to fix their compensation. 

 The manager shall have charge of the business of marketing the produce 

 of members of Association under direction of the Board of Directors. 



Section 3. Audits. At least once in each year the Board of Directors 

 shall secure the services of a competent and disinterested certified 

 public accountant who shall make a careful audit of the books and 

 accounts of Association and render a report in writing thereon, which 

 report shall be submitted to members of the Association not later 

 than 100 days after the calendar year for which said report was rendered, 

 This report shall include at least a balance sheet showing true assets 

 and liabilities of the Association and an operating statement for the 

 year under review. 



Section 4. Agreement with Members. The Board shall have the power 

 to enter into contracts .with members for the purpose of marketing pro- 

 duce of the members. In this connection it is a requirement of member- 

 ship that every member market through the Association all specified 

 produce owned or controlled by said member within the State of New 

 Jersey. Such agreement may provide for liquidated damages, penalties 

 or forfeitures on the part of members in the event said marketing 

 contracts are violated. The Board of Directors shall have power to 

 carry out all agreements of Association with its members in every 

 way advantageous to Association representing members collectively. 



Section 5. Depository. The Board of Directors shall have power to 

 select one or more banks to act as depositories of the funds of 

 Association and to determine manner of receiving, depositing, and 

 disbursing funds of Association. 



Section 6. Membership Certificates, The Board of Directors shall 

 cause to be issued appropriate certificates of membership. 



Section 7. The Association shall have the power to sue for, settle, or 

 compromise any claims with respect to produce handled by Association. 



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