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General or particular authorization or concurrence of the board of directors by resolution shall be necessary for any of the following transactions:

A. Transfer or conveyance of an interest in real estate other than a release of a lien or satisfaction of a mortgage after payment has been received and the execution of a lease for a current term less than one year;

B. The contracting of debts, issuances of notes, debentures, or bonds, and the mortgaging or pledging of corporate assets to secure the same;

C. The donation of money, property or other assets belonging to the public corporation;

D. An action by the public corporation as a surety or guarantor;

E. All transactions in which the consideration exchanged or received by the public corporation exceeds ten thousand dollars, the performance by the public corporation shall extend over a period of one year from the date of execution of an agreement therefor, or the public corporation assumes duties to the city, the state or the United States;

F. Any project or activity outside the limits of the city;

G. Adoption of an annual budget;

H. Certification of annual reports and statements to be filed with the city clerk as true and correct in the opinion of the board of directors and of its members except as noted;

I. Proposed amendments to the charter; and

J. Such other transactions, duties, and responsibilities as the charter shall repose in the board of directors or require board of directors participation by resolution. (Ord. 1016-84 § .200, 1984.)