Laserfiche WebLink
<br />I <br /> <br />Section 6.5 Prohibited Acts. As long as the Agency is in existence, and except with the <br />prior approval of the Board of Directors, no Director, officer, or committee member of the Agency <br />shall : <br /> <br />(1) do any act in violation of these Bylaws or a binding obligation of the Agency; <br /> <br />(2) do any act with the intention of harming the Agency or any of its operations; <br /> <br />(3) do any act that would make it impossible or unnecessarily difficult to carry on the <br />intended or ordinary business of the Agency; <br /> <br />(4) receive an irnproper personal benefit from the operation of the Agency; <br /> <br />(5) use the assets of the Agency, directly or indirectly, for any purpose other than <br />carrying on the business of the Agency; <br /> <br />(6) wrongfully transfer or dispose of Agency property, including intangible property <br />such as good will; <br /> <br />(7) <br /> <br />use the name of the Agency (or any substantially sirnilar name) or any trademark or <br />trade name adopted by the Agency, except on behalf ofthe Agency in the ordinary <br />course of the Agency's business; or <br /> <br />I <br /> <br />(8) <br /> <br />except as required by law, disclose any of the Agency business practices, trade <br />secrets, or any other information not generally known to the business community to <br />any person not authorized to receive it. <br /> <br />Section 6.6 Issuance of Bonds. The issuance of bonds or other obligations by the Agency <br />under the Act must be approved by the a super-majority of the Board in accordance with Section <br />4.6D.2. <br /> <br />ARTICLE VII <br />BOOKS AND RECORDS <br /> <br />Section 7.1 Required Books and Records. The Agency shall keep correct and cornplete <br />books and records of account. The Agency's books and records shall include the following: <br /> <br />(1) a copy ofthese Bylaws, and any arnended versions or amendrnents to these Bylaws; <br /> <br />(2) rninutes of the proceedings of the Board of Directors and committees having any of <br />the authority of the Board of Directors; <br /> <br />(3) <br /> <br />a list of the names and addresses of the Directors, officers, and any committee <br />members of the Agency; and <br /> <br />I <br /> <br />(4) <br /> <br />all rulings, letters, and other documents relating to the Agency's federal, state, and <br />local tax status. <br /> <br />-8- <br />