HomeMy WebLinkAbout1350 . • ~
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corporation shall bc a Presidont, a Vico President, a Socretary ' t•~ ;
and a Troasuror, all of whom shall ba eloctod by the Board of
Directors. Ono person may not hold more th~n one of the aforesaid ' ~
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offices, oxcept one person may be both Secretary and Treasurer.
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The President az~d Vice President .shall bo members of the Board of ~
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Directors. •
_ Section 2. ~lection The officers of tho corporation desig-
nated in Section 1 al~ove shall be elected aru~ually by the Board
of Directors, at the orqanizational ~eeting of each new Board fol-
lowinq the meeting of the members. ~ :
Saction 3. Appointive Officers The Board may appoint an
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Assistant Secretary and ar~ Assistant Treasurer and such other ~
officers as the Board deems necessary.
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- Section 4. Term The officers of the Corporation shall nold
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office wc~til their successors aro chosen and qualify in their stead.-~;
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Any officer elected or appointed by the Board of Directors may be
removed at any time, with or without cause, by the Board of Direc-,~~ -
tors, provided, however, that no officer shall be removed except "
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by the affirmative vote for removal by a majority of the whole '
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j Soard of Directors (e.g. if the noard of Directors is composed of :
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~ nine_persons, then five of said Directors must vote for removal):. ~
~ If the office of any officer becomes vacant for any reason, the
vacancy shall be filled by tne Board of Directors. -
Sectioa 5. The President iie shall be the chief executive .
officer of the Corporation; he shall preside at all meetings of
the ur~it owners and of the Board of Directors. ~~Ie shall have ~ ~ ~
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executive powers and qeneral supervision over the affairs of the
~ Corporation and other officers. He shall siqn all written con- - ~
tracts to perform all of the duties incidont to his offica and ~
whicb may be deleqated to hin fro~ time to time by the F3oard of . i~:;.
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Directors . . , ~ , ` ~ ~
Section 6. The Vice President Ha shall perform all of the '
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dutiea of the Presidont~in his absence or disability and such
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other ~ duties as may be required of him from tis?e to. time by the ~ :
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