HomeMy WebLinkAbout0795 employees, subject only to approval try unit ~~wners when that is
specifically required.
5. OE'h'ICERS .
5.1. The executive officers of the Assu~iation shall tie a
President, who shall be a director, a Vice President, who shall
be a director, a Treasurer, a Secretary and an Assistant
Secretary, all of whom shall be elected annually by the board
of directors and who may be peremptorily removed at any meeting
by concurrence of a majarity of all of the directors. A person
may hold more than one office except that the President may not
also be the Secretary or Assistant Secrrtar••. Nc, person shall
sign an instrument nor perform an act in t..~ capac:ity of rrtore
than one office. The board of directors from time to time
shall elect such other officers and designate their powers and
d uiies as the board shall find to be required to manage the
affairs of the Association.
5.2. The President shall be the chief executive officer
of the Association. He shall have all of the powers and duties
that are usually vested in the office of president of an
association, including but not limited to the power to appoint
committees from among the members from time to time to assist
in the conduct of the affairs of the Association as he in his
discretion may determine appropriate. -
5.3. The Vice President shalt exercise the powers and
perform the duties o the President in the absence or dis-
ability of the President. He also shall assist the President
and exercise such other powers and perform such other duties as
shall be prescribed by the directors.
5.4. The Secretary shall keep tt,e minutes of all pro-
ceedings of the directors and the members. He shall attend to
tt,e serving of all notices to the members and directors and
other notices reyuired by law. He shall have custody of the
seal of the Association and stall affix it to instruments
reyuiriny a seal when d my signed. He shall keep the records
of the Association, except those of the Treasurer, and shall
perform all other duties incident to the office of secretary of -
~n association and as r.?ay be required by the directors or the
President. -
5.5. The Assistant Secretar}~• shall exercise the powers
and perform the duties of the Secretary in the absence or dis-
ability of the Secretary.
5.6. The Treasurer shall have custody of all property of
the Association
incl~iny funds, securities and evidences of
indebtedness. He shall keep books of account for the
Association in accordance with generally accepted accounting
practices, which together witt, substantiating papers, shall be
made available to the board of directors for examination at
reasonable times. He stall submit a treasurer's report to the
board of directors at reasonable intervals and shall perform
all other duties incident to the office of treasurer.
5.7. The com-ensation of all officers and employees of
the Association shall be axed by the directors. Tt~e provision
that directors' fees shall be determined by members shall not
preclude the board of directors from employing a director as an i
employee of the Association nor preclude the contracting with a
BO~K343 PacE ?94
6