Real Property Transfer Agreement - 839 SB Ave. – Northeast Neighborhood Revitalization Organization Inc.

Home Browse Search

Section 10. To be a promoter, a partner, a member, an associate or a manager of any I.- partnership, joint venture, trust, or other entity. Section 11. To conduct the Corporation's activities, locate offices, and exercise the powers granted to it inside or outside Indiana. Section 12. To elect directors, elect and appoint officers, and appoint employees and agents of the Corporation, define the duties and fix the compensation of directors, officers, employees, and agents. Section 13. To pay pensions and establish pension plans, pension trusts, and other benefit and incentive plans for the Corporation's current or former directors, officers, employees, and agents. Section 14. To make donations not inconsistent with law for the public welfare or for charitable, religious, scientific, or educational purposes and for other purposes that further the corporate interest. Section 15. To carry on a business. Section 16. To have and exercise powers of a trustee as permitted by law, including those set forth in Indiana Code section 304-3-3 as it may be amended from time to time. Section 17. To purchase and maintain insurance on behalf of any individual who: a. is or was a director, trustee, an officer, an employee, or an agent of the Corporation; or b. is or was serving at the request of the Corporation as a trustee or director, an officer, an employee, or an agent of another entity; against any liability asserted against or incurred by the individual in that capacity or arising from the individual's status as a director, an officer, an employee, or an agent, whether or not the Corporation would have power to indemnify the individual against the same liability under applicable law. 3`