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

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Committees Section 1. Executive Committee. The Board of Trustees may, by resolution adopted by a majority of the Trustees then in office, designate two (2) or more Trustees of the Corporation to constitute an Executive Committee which, to the extent provided in such resolution and consistent with Indiana law, shall have and exercise the authority of the Board of Trustees in the management of the corporation's affairs during intervals between the meetings of the Board of Trustees. The Executive Committee shall be subject to the authority and supervision of the Board of Trustees. Section 2. Other Committees. The Board of Trustees may establish other committees, in addition to the Executive Committee, to accomplish the goals and perform the programs of the Corporation. Such committees shall have such responsibilities and powers as the Board of Trustees shall specify. Members of such other committees may, but need not, be members of the Board of Trustees. A committee member appointed by the Board of Trustees may be removed by a majority vote of the Board of Trustees with or without cause. ARTICLE DTI Contracts, Checks, Loans, Deposits and Gifts Section 1. Contracts. The Board of Trustees may authorize one (1) or more officers or agents of the Corporation to enter into any contract or execute any instrument on its behalf. Such authorization may be general or confined to specific instances. Unless so authorized by the Board of Trustees, no officer, agent, or employee shall have any power to bind the Corporation or to render it liable for any purpose or amount. 8