16:11-3 - Powers; sale, conveyance or mortgage; authorization by members - New Jersey Statutes

16:11-3.  Powers;  sale, conveyance or mortgage;  authorization by members
    The congregation may, at any annual business meeting or at a special business meeting duly called for that purpose, adopt by-laws for the management  of the temporal affairs of the congregation and the election of trustees, not  inconsistent with this article.

    Every such incorporated board of trustees may annually elect from their number a president and a secretary and may make and execute such contracts as the congregation by its by-laws or resolutions may from time to time authorize.   Such board shall also have all the powers enumerated in section 16:1-4 of this  title, except that no sale or conveyance of any real estate held by such  trustees, or mortgage upon any real or personal property held by such trustees  to secure bonds issued by them shall be made unless previously authorized by  two-thirds of the votes cast at a duly called annual or special business  meeting of the congregation.