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The Board of Directors shall deal with all business of the Yeshiva other than matters of an educational nature; such business shall include, but not be limited to, the following: budget and finance (including fixing budget lines for educational staff), health and safety, fundraising and community relations. It shall make all contracts involving the expenditures of monies of the Yeshiva, except employment contracts with educational personnel.  Members of the Board of Trustees shall be ex officio voting members of the Board of Directors.  In addition, it is the responsibility of the Board of Trustees to vote on the following major issues which shall require both a majority vote of the Board of Trustees and a majority vote of the Membership. In the absence of a majority vote by the Board of Trustees, such issues shall require a two-thirds vote of the Membership:
a) sale of land or building;
b) merger or dissolution of the Yeshiva; and
c) purchase of new land or buildings, or new buildings on existing sites, where such purchase
exceeds $100,000.

RPRY Constitution, 1988, p. 1