18. (1) In accordance with the provisions of this Act and of the by-laws of the syndicate, the board of directors shall administer all things connected with the interests of the syndicate, and, in particular, it may:(a) Determine the particular terms of every contract, taking special care that the interests of the syndicate are protected;
(b) Borrow money;
(c) Acquire movables, livestock and immovables, and resell the same;
(d) Authorize all legal and judicial proceedings.