(3) Adopt, use and alter a corporate seal, which shall be judicially noticed;
(4) Enter into such contracts and cooperative agreements with the federal, state and local governments, with agencies of such governments, with private individuals, corporations, associations and other organizations as the board may deem necessary or convenient to enable it to carry out the purposes of this part;
(5) Adopt, amend and repeal bylaws;
(6) Appoint such managers, officers, employees, attorneys and agents as the board deems necessary for the transaction of its business, fix their compensation, define their duties, and require bonds of such of them as the board may determine. The salaries of any such employees may be paid out of such funds as may be available to the authority; and
(7) Accept the transfer of grants, funds, assets and liabilities of the East Tennessee agribusiness authority upon the termination of the interlocal government cooperative agreement establishing such authority, in accordance with the provisions of § 64-10-117.
(b) The board shall:
(1) Approve an annual budget for the authority;
(2) Adopt a purchasing policy and a personnel policy consistent with state and federal law; and
(3) Adopt policies and procedures for fiscal control and accounting.
(c) The board may do all other things that are necessary or appropriate for carrying out the purposes of this chapter that are not prohibited to it by law or this chapter.
(3) Adopt, use and alter a corporate seal, which shall be judicially noticed;
(4) Enter into such contracts and cooperative agreements with the federal, state and local governments, with agencies of such governments, with private individuals, corporations, associations and other organizations as the board may deem necessary or convenient to enable it to carry out the purposes of this part;
(5) Adopt, amend and repeal bylaws;
(6) Appoint such managers, officers, employees, attorneys and agents as the board deems necessary for the transaction of its business, fix their compensation, define their duties, and require bonds of such of them as the board may determine. The salaries of any such employees may be paid out of such funds as may be available to the authority; and
(7) Accept the transfer of grants, funds, assets and liabilities of the East Tennessee agribusiness authority upon the termination of the interlocal government cooperative agreement establishing such authority, in accordance with the provisions of § 64-10-117.
(b) The board shall:
(1) Approve an annual budget for the authority;
(2) Adopt a purchasing policy and a personnel policy consistent with state and federal law; and
(3) Adopt policies and procedures for fiscal control and accounting.
(c) The board may do all other things that are necessary or appropriate for carrying out the purposes of this chapter that are not prohibited to it by law or this chapter.
(3) Adopt, use and alter a corporate seal, which shall be judicially noticed;
(4) Enter into such contracts and cooperative agreements with the federal, state and local governments, with agencies of such governments, with private individuals, corporations, associations and other organizations as the board may deem necessary or convenient to enable it to carry out the purposes of this part;
(5) Adopt, amend and repeal bylaws;
(6) Appoint such managers, officers, employees, attorneys and agents as the board deems necessary for the transaction of its business, fix their compensation, define their duties, and require bonds of such of them as the board may determine. The salaries of any such employees may be paid out of such funds as may be available to the authority; and
(7) Accept the transfer of grants, funds, assets and liabilities of the East Tennessee agribusiness authority upon the termination of the interlocal government cooperative agreement establishing such authority, in accordance with the provisions of § 64-10-117.
(b) The board shall:
(1) Approve an annual budget for the authority;
(2) Adopt a purchasing policy and a personnel policy consistent with state and federal law; and
(3) Adopt policies and procedures for fiscal control and accounting.
(c) The board may do all other things that are necessary or appropriate for carrying out the purposes of this chapter that are not prohibited to it by law or this chapter.
