POLICIES AND PROCEDURES
6. General Powers Of Directors. The Board of Directors shall have the power and authority to manage the affairs of the Authority and to carry out the management of the business of the Authority, to the fullest extent allowable by law, and as authorized by the Authority's enabling legislation and the amendments thereto.
7. Specific Powers Of Directors. Without prejudice to such general powers it is hereby expressly declared that the Directors shall have the following powers, to wit:
(1) To adopt and alter a common seal of the Authority.
(2) To make and change regulations, not inconsistent with these By Laws, for the management of the Authority's business and affairs.
(3) To purchase or otherwise acquire for the Authority any property, rights or privileges which the Authority is authorized to acquire.
(4) To pay for any property purchased for the Authority.
(5) To borrow money from private finance sources and to make and issue notes, bonds, vouchers and other negotiable and transferable instruments in order to meet the objectives of the Authority and those of the Fund established pursuant to 25 Del. Code Section 7012.
(6) To appoint a Manager, and such subordinate officers, employees, or agents as the Board may deem necessary to perform the administrative and financial transactions and responsibilities of the Authority and to perform such other necessary and proper functions not prohibited by law, and to determine their duties, and fix, and from time to time change, their salaries or remuneration.
(7) To adopt a plan of operation and articles, bylaws, operating rules, rules of practice and procedure and regulations to govern how the internal affairs of the Authority are conducted, which shall include a general description of the Authority's organization, its methods of operations, and the manner, including addresses and telephone numbers, whereby the public may obtain information and otherwise deal with the Authority, and a statement of the nature and requirements of all rules of practice and procedure used by the Authority to exercise its statutory authority in compliance with the Delaware Administrative Procedures Act;
(8) To establish procedures under which applicants for payments from the Authority, as authorized under 25 Del. Code Sections 7012-7015, may be approved;
(9) To determine who shall be authorized on the Authority's behalf to make and sign bills, notes, acceptances, endorsements, checks, releases, receipts, contracts and other instruments.
(10) To delegate any of the powers of the Board in relation to the ordinary business of the Authority to any standing or special committee, or to any officer or agent (with power to sub-delegate), upon such terms as the Board deems proper.
(11) To authorize payments and adjust, eliminate, or reinstate the Fund assessment established pursuant to 25 Del. Code Section 7012 only if a minimum of 75% of the members of the Board approve the payments or assessments.
(12) To set the monthly assessment to be paid by manufactured home tenants and manufactured home community landlords, as required by 25 Del. Code Section 7012(f)(1).
(13) To establish the maximum relocation payment to be made by the Authority pursuant to 25 Del. Code Section 7013(a)(2).
(14) To establish the criteria for determining whether or not it is feasible to relocate a manufactured home, as required by 25 Del. Code Section 7013(c)(1).
(15) To approve certified manufactured home appraisers pursuant to 25 Del. Code 7013(c)(2).
(16) To authorize agents and representatives to issue on behalf of the Authority promissory notes pursuant to 25 Del. Code Section 7014(c) and 7015(b).
(17) To retain by contract auditors, accountants, appraisers, legal counsel, private consultants, financial advisors, or other contractual services required by the Authority.
8. Compensation Of Directors. Directors, with the approval of a majority of disinterested directors, may be reimbursed from monies of the Authority for actual and necessary expenses incurred by them as directors, but otherwise directors shall not receive any compensation for their services as directors.
