The board of directors of the community building district shall: (a) Have full charge of the government, operation and maintenance of the community building; (b) make and adopt such bylaws, rules and regulations for the operation and maintenance of the community building as it shall deem necessary; (c) appoint and fix the compensation of such employees as it deems necessary; (d) keep a complete record of its proceedings and make a report to each annual meeting of all receipts and expenditures and of such other information as it shall deem advisable.
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