State Codes and Statutes

State Codes and Statutes

Statutes > New-jersey > Title-16 > Section-16-5 > 16-5-23

16:5-23.  Meetings;  by-laws
    There shall be an annual meeting of the members of the corporation and such  other meetings as shall be prescribed by the by-laws to be adopted for the  management of the corporation, and the said by-laws may provide for the manner  and method of executing deeds, bonds, mortgages, notes, contracts and all  instruments of a legal nature by designated officers of the corporation whenever the corporation or the board of trustees authorizes the execution of any such contract or other legal instrument.  The corporation may limit or restrict, or otherwise regulate the powers of the board of trustees.

     L.1957, c. 82, p. 157, s. 11.