The Chairperson of the Commuter Rail Division and, at the Chairperson’s designation, the Executive Director and their designees are hereby authorized, directed and empowered on behalf of the Commuter Rail Division to take all necessary action to participate in and carry out the functions and responsibilities of RAIL. Such actions shall include, but shall not be limited to, the execution of letters of intent, subscriptions for shares, policy application forms and endorsements, declarations of trust, transfers of shares, waivers of notice, proxies, powers, certificates and all other necessary agreements, documents and legal instruments as well as all subsequent amendments thereto; the payment of all necessary capital expenses, premiums and fees; participation in organizational meetings of subscribers, members, shareholders, directors and committees; the ability to nominate, appoint, remove and cast votes for directors, officers and employees; the ability to serve as directors or officers; the ability to approve, disapprove and cast votes for the approval or disapproval of the investment of funds; the ability to propose and cast votes for or against the adoption of by-laws, resolutions and amendments thereto; and the ability to take all other necessary action on behalf of the Commuter Rail Division with respect to RAIL as may be necessary to the creation, incorporation, functioning and participation of the Commuter Rail Division with respect to RAIL.
(Ord. MET 86-25, passed 7-11-1986)