49-36-12. Adoption of rules, regulations, and bylaws by directors--Majority as quorum--Majority vote required for action. The board of directors of a consumers power district may adopt rules and regulations, or bylaws, which are not inconsistent with the provisions of chapters 49-35 to 49-40, inclusive, for the conduct of the business and affairs of the district. A majority of the members of the board of directors shall constitute a quorum for the transaction of official business and the decision of the majority of the members of the board shall be required to be the act of the board.
Source: SL 1950 (SS), ch 17, § 31; SDC Supp 1960, § 52.1731; SL 1989, ch 403, § 16.
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