Oregon Statutes 554.110 – Powers of directors
The board of directors shall have full power and authority to:
Terms Used In Oregon Statutes 554.110
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(1) Build, construct and complete any works and improvements needed to carry out the plan of improvement of the lands described in the articles of incorporation.
(2) In the name of the corporation, make all necessary water filings and appropriations of water for every purpose of the articles of incorporation.
(3) Operate and maintain such works as are necessary, convenient or beneficial for said purposes.
(4) Hire employees as may be required, and purchase machinery, equipment and supplies.
(5) Generally contract with reference to any of said matters as the board may determine for the purposes and within the scope of the powers granted in ORS § 554.005 to 554.340 for improving the land. [Amended by 1995 c.79 § 307]