Mississippi Code Title 81. Banks and Financial Institutions § 81-13-27

(a) To act upon all applications for membership and on the expulsion of members;

(b) To determine, from time to time, rates of interest which shall be allowed on deposits and charged on loans;

(c) To fix the amount of the surety bond which shall be required of each officer having the custody of funds;

(d) To fix the maximum number of shares which may be held by, and the maximum amount which may be loaned to any one (1) member; to declare dividends and recommend amendments to the bylaws;

(e) To fill vacancies in the board of directors and credit committee until the election and qualification of successors;

(f) To have charge of the investment of funds of the corporation, other than loans to members, and to perform such other duties as the members may, from time to time, authorize.