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<br />Articles of Incorporation or the By-Laws; fix their compensation and require from them
<br />security for faithful service.
<br />b. Conduct, manage and control the affairs and business of the Corporation, and to make such
<br />rules and regulations therefore not inconsistent with laws, with the Articles of Incorporation,
<br />or the By-Laws, as they deem best.
<br />c. To change the principal office for the transaction of business of the Corporation from one
<br />location to another within the area surveyed by the San Leandro TMO; to designate any
<br />Directors or members meetings; and to adopt, make and use a corporate seal and to alter the
<br />form thereof from time to time as in their judgment they may deem best, provided such seal
<br />shall at all times comply with the provision of law.
<br />d. To borrow money and incur indebtedness for the purposes of the Corporation, and to cause to
<br />be executed and delivered therefore in the corporate name, promissory notes, bonds,
<br />debentures, deeds of trust, mortgages, pledges, and securities therefore.
<br />e. To solicit, collect, receive acquire, hold and invest money and property, both real and personal,
<br />received by gift, contribution, bequest, devise or otherwise; to sell and convert property, both
<br />real and personal, into cash; and to use the funds of this Corporation and the proceeds, income,
<br />rents, issues and profits derived from any property of this Corporation for any of the purposes
<br />for which this Corporation is formed.
<br />f. To act as trustee under any trust created to furnish funds for the principal objectives of this
<br />Corporation and receive, hold, administer, and expend funds and property subject to such
<br />trust.
<br />g. To purchase or otherwise acquire, own, hold, sell, assign, transfer or otherwise dispose of
<br />mortgage, pledge or otherwise hypothecate or encumber, and to deal in with shares, bonds,
<br />notes, debentures or other securities or evidences of indebtedness of any person, firm,
<br />Corporation of association and, while the owner or holder thereof, to exercise all rights,
<br />powers and privileges of ownership.
<br />h. To enter into, make, perform and carry out contracts for every kind for any lawful purpose
<br />without limit as to amount, with any person, firm, association or Corporation, municipality,
<br />county, parish, state, territory, government (foreign or domestic), or other municipal or
<br />governmental subdivision.
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<br />Section 3 – Qualifications of Directors
<br />Directors are open to any person, natural or corporate, partnership or association, who is a developer
<br />of land (in any stage of development); owner of either commercial or retail project; a tenant; public
<br />agency; or an employer of business located within the area served by the San Leandro TMO.
<br />Minimum financial support levels shall be set by the Board of Directors and may vary based upon the
<br />size or type of organization.
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<br />Section 4 – Number of Directors
<br />The Board of Directors shall consist of not less than five (5) nor more than nine (9), the exact number
<br />of which may be fixed by the Board of Directors from time to time.
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<br />Attachment B
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