The board may: 1. Faithfully expend and apply all money received from the state to the uses and purposes directed by law. 2. Hold all present and future historical collections and property of the society for the state. 3. Dispose of or transfer any articles in the collections it deems appropriate. However, the board may not make any disposal or transfer before hearing an assessment of any proposed disposal or transfer by the director of the state historical society. Disposal or transfer is to be by any appropriate means, including sale or exchange. The proceeds from the sale of articles must be deposited in the state treasury in a special revolving fund. All moneys in the fund are appropriated on a continuing basis for the purchase and care of other items for the collections. Unless other conditions are specified in a deed or gift, a reasonable attempt must be made to return articles to the original donor before disposal by any other means. 4. Permit withdrawal from its collections and property of any articles needed for exhibition purposes under rules prescribed by the board. 5. Permit the withdrawal of books and collections from the library and museum temporarily under rules prescribed by the board. 6. Select and appoint a director to carry out the policies and directives of the board. 7. Acquire in behalf of the state of North Dakota lands, materials, and easements for historical purposes by lease, purchase, or gift. 8. Set aside for historical purposes all lands owned by the state and not held or acquired for some other purpose. 9. Administer all lands, materials, and easements held for historical purposes as trustees for the state. 10. Administer all lands, materials, and easements held for historical purposes as an agent of the national park service, bureau of reclamation, corps of engineers, or any other division of federal, state, or local government. 11. Establish standards by the adoption of rules to create classes of membership in the society, to determine the qualifications of any class of membership, to set forth the fees for membership, and to provide for membership benefits. 12. Formulate and execute projects to preserve and enhance sites of historical importance in the Yellowstone-Missouri Rivers confluence area with funding from legislative appropriations, public grants, and private grants. The board may not sell, mortgage, transfer, or dispose of any of its collections or property except as authorized by law.
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