I hope some attorney who specialize in this area of law reads your post. The board is certainly not acting in a responsible manor. First they way over pay for properties that are not generating the anticipated return. Now they want to purchase something that they cant afford. Come on wake up their must be a cheaper alternative to this expensive computer up grade. If not sell out to a bank that does.
I feel like the only purpose of fnfg is to provide an exceptional income (salary) for a privilege few.