Okla. Stat. tit. 70, § 70-3606: Board of Regents for the Oklahoma College of Liberal Arts

- Jurisdiction over the Oklahoma College of Liberal Arts - Powers

and duties - Institution personnel - Fidelity bonds - Federal funds

- Gifts - Contracts - Property - Employee benefits.

The Board of Regents of the Oklahoma College of Liberal Arts

shall have the supervision, management and control of the Oklahoma

College of Liberal Arts; and it shall have the following additional

powers and duties:

(a) Adopt such rules and regulations as it deems necessary to

govern the Oklahoma College of Liberal Arts.

(b) Employ and fix the compensation and duties of such personnel

as it deems necessary, including architects, attorneys, engineers

and other professional and technical persons for its operation and

for the operation of the Oklahoma College of Liberal Arts. Any of

such personnel having custody of public funds or other public

property may be required to furnish corporate surety bonds in such

amounts as may be deemed necessary by the Board, payable to the

State of Oklahoma and conditioned upon a faithful accounting of all

such funds and property.

(c) Enter into contracts, purchase supplies, materials and

equipment, and incur such other expenses as may be necessary to make

any of its powers effective.

(d) Authorize officials at the Oklahoma College of Liberal Arts

to act in its behalf in the making of contracts, or in carrying out

the powers conferred upon it.

(e) Receive and make disposition of monies, grants, and property

from federal agencies, and administer the same in accordance with

federal requirements.

(f) Accept gifts of real and personal property, money and other

things, and use or dispose of the same in accordance with the

directions of the donors or grantors thereof.

(g) Direct the disposition of all monies appropriated by the

Legislature or by the Congress or derived from the sale of bonds or

received from any other source by the Oklahoma College of Liberal

Arts.

(h) Acquire and take title to real and personal property in its

name, on behalf of the Oklahoma College of Liberal Arts, and convey,

exchange or dispose of, or otherwise manage or control, such

property in the interest of such institution, including the granting

of leases, permits, easements and licenses over or upon any such

real property. The Board shall have the power to institute any

legal action in the name of the Board before any court having

jurisdiction of such actions. The Board shall have custody of

abstracts of title and instruments affecting the ownership of or

title to real property belonging to the Oklahoma College of Liberal

Arts.

(i) Have supervision and charge of the construction of all

buildings at the Oklahoma College of Liberal Arts.

(j) Determine the need for and cause to be constructed

dormitories and other buildings, on a self-liquidating basis, at the

Oklahoma College of Liberal Arts.

(k) Establish and maintain plans for tenure and retirement of

employees at the Oklahoma College of Liberal Arts, and for payment

of deferred compensation of such employees; and provide hospital and

medical benefits, accident, health, and life insurance, and annuity

contracts, for such employees and their dependents. The Board may

pay for all or a part of the cost thereof for employees, with funds

available for the operation of the institution. Amounts payable by

an employee for such insurance or annuity contracts may with the

consent of the employee be deducted from his salary.

(l) Maintain an inventory of all property belonging to the

Oklahoma College of Liberal Arts.

(m) Audit all accounts against the funds allocated to the

Oklahoma College of Liberal Arts.

ion of the institution. Amounts payable by

an employee for such insurance or annuity contracts may with the

consent of the employee be deducted from his salary.

(l) Maintain an inventory of all property belonging to the

Oklahoma College of Liberal Arts.

(m) Audit all accounts against the funds allocated to the

Oklahoma College of Liberal Arts.

(n) Provide penalties and forfeitures by way of damages and

otherwise for the violation of rules and regulations of the Board,

which may be sued for and collected in the name of the Board before

any court having jurisdiction of such actions.

(o) Do all things necessary or convenient to carry out the

powers expressly granted to it, or to make the Oklahoma College of

Liberal Arts effective for the purposes for which it is maintained

or operated.