Section 5: Powers of the Board
The management of KLS is vested in the Board. The Board shall exercise all powers of the corporation except those specifically reserved for the KLS voting membership as listed below. All proposals requiring membership approval shall be voted upon at any annual, special or monthly meeting, provided that written notice has been given to the membership in accordance with Article III, Section 3.
(1) Exception: A majority vote of the Board of Directors may override the one thousand dollar ($1000.00) limit for cases involving the safety or security or repair of KLS structures, facilities, equipment or track.