SLOC GUIDELINES - Updated March, 1998

Board of Directors

Reports to:  Company Membership

The Board of Directors has ultimate responsibility for the continuing successful management of the Company for the purposes set forth in the Charter and in accordance with the By-Laws. The Board of Directors shall be responsible for the annual and long-range planning of the following as well as any other areas affecting the overall management of the Company:

1. OFFICERS

a.       Election of officers in accordance with the By-Laws.

b.       Guidance to the President and, through the President, guidance to the Officers.

c.       Appraise the performance of the officers in the execution of their functions in accordance with the By-Laws and policies established by the Board and the Guidelines approved by the Board.

d.       Review and amend the action of officers or committees when it is apparent such action would be in conflict with the best interests of the Company and the community.

e.       Review and approval of revisions of the Guidelines.

2. CHARTER AND BY-LAWS

Revision of the Charter and By-Laws for approval of the Company membership.

3. FINANCIAL

a.    Maintenance and revision of Company budget policy.

b.   Approval of annual Company budget prior to annual membership meeting.

c.    Review and analysis of financial statements to ascertain that budget and expenditure trends are not detrimental to the financial condition of the Company.

4. LAND, BUILDINGS AND CAPITAL EQUIPMENT

a. Review and approval of expenditures for land, buildings and capital equipment.

b. Review and approval of dispositions of land, buildings and capital equipment.

5. POLICIES AND DIRECTIVES

Issuance of clarifying policies and directives pertaining to the overall management of the Company.

6. SHOW PRODUCTION

Maintains responsibility for all phases of show production.