1162b

The Board of Directors of the Musical Arts Corporation shall exercise all the powers of the Corporation.The Board of Directors shall adopt the standards, rules, regulations and procedures that are necessary or convenient to exercise the powers and comply with the purposes of the Corporation.The Corporation shall have a Director General appointed by the Board of Directors of the Musical Arts Corporation who shall be a musician with knowledge of administration and shall hold his position at the Board’s volition and until his successor is appointed. The Director General shall be the Corporation’s chief executive, he shall represent it in all necessary acts and contracts and shall discharge the duties and have the responsibilities, powers and authority delegated to him by the Board of Directors of the Musical Arts Corporation.The Board of Directors of the Musical Arts Corporation shall fix the salary of the Director General of the Corporation. History —May 12, 1980, No. 44, p. 119, § 3; July 31, 1985, No. 3, p. 783, § 3.