Authority; Reliance by Third Parties; Management Committee. Officers Sample Clauses

Authority; Reliance by Third Parties; Management Committee. Officers. The Members, collectively, shall have the authority to manage the business of the Company. Such authority shall include, without limitation, the authority to purchase, sell, mortgage, lease, and otherwise dispose of property, both real and personal, to hire employees, to contract with third parties for services and to borrow money and otherwise pledge the credit of the Company. Each Member is encouraged to actively participate, not only by making an initial Capital Contribution, but also by attending meetings, soliciting new Members, identifying food and farm enterprises in need of funds, assisting with the management of the fund, and, from time to time, serving as an officer of the Company. The Members shall elect a “Management Committee” consisting of a President, Treasurer and Secretary, as officers of the Company, to which the Members may delegate such rights, duties and responsibilities as they shall determine from time to time except that decisions regarding the making, modification or renewal of loans may not be delegated. Such delegation shall not relieve the Members of their responsibility for managing the business of the Company. The initial Management Committee shall be as follows: President: Xxxxxxxxx Xxxxxx Treasurer: Xxxx XxXxxxx Secretary: Xxxxxx Xxxxxxxx These officers shall serve annual terms on a volunteer basis and must be Members elected by the Membership. A secret ballot shall be taken at an annual meeting, and the post shall be filled by the Member who receives the majority vote New officers shall assume the duties of their respective offices at the next periodic meeting. Officers may succeed themselves in the same office. If successors are not elected and the incumbent officer is willing to continue his or her service, such incumbent shall continue to serve until a successor is elected. Notwithstanding the foregoing in this section 6.1, no Member individually or qithout appropriate approval and act by the collective Membership shall:
Sample 1
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Authority; Reliance by Third Parties; Management Committee. Officers. The Members shall have the authority to manage the business of the Company. Such authority shall include, without limitation, the authority to purchase, sell, mortgage, lease, and otherwise dispose of property, both real and personal, to hire employees, to contract with third parties for services and to borrow money and otherwise pledge the credit of the Company. The signature of any one Member alone shall be sufficient to bind the Company provided the Member so acting is acting with the consent of a majority of Members, and every document thus executed by a Member shall be conclusive evidence in favor of every person relying in good faith thereon or claiming thereunder that at the time of the delivery thereof: (i) this Company was in existence;
Sample 1

Related to Authority; Reliance by Third Parties; Management Committee. Officers

  • Local Professional Development Committee 1. The Local Professional Development Committee (LPDC) shall be established to oversee and review professional development plans pursuant to ORC 3319.22.

  • LABOR/MANAGEMENT COMMITTEES Section 1. Labor/Management Committees The parties recognize that the holding of periodic meetings for the exchange of views and information contributes to the effectiveness of the labor/management relationship. Therefore, the parties shall establish Labor/Management Committees (LMC), in accordance with the provisions in this Article, for the purpose of addressing matters of concern in the areas of personnel policies, practices, conditions of employment, and other matters affecting employees. Each LMC will be co-chaired by one member from labor and one member from management.

  • Nurse Representatives & Grievance Committee (a) The Hospital agrees to recognize Association representatives to be elected or appointed from amongst nurses in the bargaining unit for the purpose of dealing with Association business as provided in this Collective Agreement. The number of representatives and the areas which they represent are set out in the Appendix of Local Provisions.

  • Joint Union/Management Committee It shall be appropriate for either the Union or the University to request that a Joint Union/Management committee be convened, with Environmental Health and Safety as a participating member, to discuss health and safety concerns and to explore options for addressing those concerns through appropriate training or other approaches.

  • JOINT LABOUR MANAGEMENT COMMITTEE 18.01 A Joint Labour Management Committee shall be established to attend to those matters which are of mutual interest. To ensure its effectiveness the Committee shall be separate and apart from the grievance procedure.

  • Joint Committees 1101 Release Time

  • Labour Management Committee (a) Where the parties mutually agree that there are matters of mutual concern and interest that would be beneficial if discussed at a Labour-Management Committee Meeting during the term of this Agreement, the following shall apply.

  • Professional Development Committee There shall be a Professional Development Committee composed of at least two (2) representatives of the Association and an equal number of representatives from the Hospital. Each party may have alternates to replace a member from time to time.

  • Advisory Committees The Board may appoint Advisory Committees to review design review applications, or provide input on other issues of concern to the Board or the Commission. These Advisory Committees include, but are not necessarily limited to, the following:

  • COMPLIANCE COMMITTEE (1) Within thirty (30) days of the date of this Agreement, the Board shall appoint a Compliance Committee of at least three (3) directors, of which no more than one (1) shall be an employee or controlling shareholder of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee and, in the event of a change of the membership, the name of any new member shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement.

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