The trustees shall:
- 1. Prosecute to final judgment and defend all suits instituted by or against the corporation.
- 2. Collect all money due the same.
- 3. Liquidate all lawful demands against the same, and for that purpose shall sell and convey any property belonging to such corporation, or so much thereof as may be necessary.
- 4. Generally, do all acts required to bring to a speedy close all of the affairs of the corporation.
- 5. Make a report of their proceedings to the board of county commissioners at each session of the board.
[5:30:1865; B § 3916; BH § 2083; C § 2233; RL § 971; NCL § 1227]