7-83-404 - Powers of directors.
7-83-404. Powers of directors.
The board of directors of any district has the power and authority to:
(1) Exercise by vote, ordinance or resolution all of the general powers of the district;
(2) Make all needful rules, regulations and bylaws for the management and the conduct of the affairs of the district and of the board;
(3) Adopt a seal for the district, prescribe the style of the seal, and alter the seal at pleasure;
(4) Lease, purchase, sell, convey and mortgage the property of the district and execute all instruments, contracts, mortgages, deeds or bonds on behalf of the district in such manner as the board shall direct;
(5) Inquire into any matter relating to the affairs of the district, compel by subpoena the attendance of witnesses and the production of books and papers material to any such inquiry, administer oaths to witnesses and examine such witnesses;
(6) Appoint and fix the salaries and duties of such officers, experts, agents and employees as it deems necessary, to hold office during the pleasure of the board and upon such terms and conditions as the board may require;
(7) Contract with any person, municipality, the United States, the president of the United States, the Tennessee valley authority, and any and all other authorities, agencies, and instrumentalities of the United States, and in connection with any such contract to stipulate and agree to such covenants, terms and conditions as the board may deem appropriate, including, but not limited to, covenants, terms and conditions with respect to the resale rates, financial and accounting methods, services, operation and maintenance practices, and the manner of disposing of revenues of the utility operated and maintained by the district; and
(8) Do all things necessary or convenient to carry out its functions.
[Acts 1935 (E.S.), ch. 4, § 10; C. Supp. 1950, § 3708.56 (Williams, § 3708.59); modified; T.C.A. (orig. ed.), § 6-2719.]