2016 Wesleyan Discipline:Loan guarantees

(6) The district board of administration, duly constituted and organized as required in 2016 Wesleyan Discipline:1203–1230, shall be the board of directors of the district corporation (2016 Wesleyan Discipline:1233:14), shall exercise its corporate powers, shall carry out the duties assigned to the district board of administration in The Discipline in all matters relating to property in 2016 Wesleyan Discipline:4830–4840 and any other provisions. It shall carry out the directions of the district conference (2016 Wesleyan Discipline:1180:22; 2016 Wesleyan Discipline:1233:15), and, in the interim of its sessions, shall have power to act on its own resolution to acquire, purchase, sell, exchange, mortgage, deed in trust, pledge, rent, lease, and convey any property, real, personal or mixed, as may be deemed necessary or convenient for the purpose of the district and so to order the district board of trustees (2016 Wesleyan Discipline:1360–1365; 2016 Wesleyan Discipline:4855), provided that in transactions concerning real property used for district purposes, such as a district parsonage for the district superintendent, district headquarters or district campground, the district board of administration shall consult with the General Superintendent (2016 Wesleyan Discipline:1935:36), and further provided that said district board of administration shall be subject to the general regulations concerning property as set forth in 2016 Wesleyan Discipline:4500–4630. The district board of administration of an incorporated district, acting as its board of directors, may authorize and direct the district corporation to guarantee in writing any note, mortgage, contract or any other evidence of indebtedness, of any local church of said district. The district board of administration shall be amenable to the district conference, the General Board, and the General Conference (cf. 2016 Wesleyan Discipline:4870–4880). A director shall not be personally liable for the debts, liabilities or obligations of the corporation.

4890. The district board of administration of an unincorporated district may authorize and direct the district trustees to guarantee in writing any note, mortgage, contract or any other evidence of indebtedness, of any local church of said district.