OFFICERS
SECTION 4.1 GENERAL PROVISIONS. The Board shall elect the officers of the Corporation. Each officer of the Corporation must be a director. The officers of the Corporations shall be a President, one or more Vice Presidents (if the Board deems such officer is necessary), a Secretary, a Treasurer, and the Board may deem such other officers as desirable.
SECTION 4.2 ELECTION AND TERM OF OFFICE. The officers of the Corporation shall be elected annually by the Board at the regular annual meeting of the Board. Each officer shall hold office for one year or until the successor shall have been duly elected and shall have qualified, unless earlier removed by the Board. All officers can be removed at any time by the affirmative vote of the majority of the Directors. Officers shall be eligible for re-election.
SECTION 4.3 PRESIDENT. The President shall be the chief executive officer of the Corporation. The President shall preside at all meetings of the Board and the Members. Under the Board’s direction, the President shall have general supervision over the affairs of the Corporation and over the officers. The President shall have the power to appoint committees. The President also shall perform such other duties as are incident to this office.
SECTION 4.4 VICE PRESIDENT. The Vice President shall perform the duties specified in section 4.3 in the absence or disability of the President. In addition, the Vice President shall perform such duties and assignments, which may from time to time be delegated by the President or the Board.
SECTION 4.5 TREASURER. The Treasurer shall have custody of all monies, securities, and other valuables of the Corporation, and shall give bond in such sums and with such surety as the Board may require, conditioned upon the faithful performance of the Treasurer’s office. The Treasurer shall maintain a correct and complete record of accounts showing accurately, at all times, the financial condition of the Corporation. The Treasurer shall immediately deposit all funds of the Corporation coming into the Treasurer’s hands in a bank or other depository to be designated by the Board, and keep such bank account or accounts in the name of the Corporation. The Treasurer also shall perform such other duties as are incident to this office.
SECTION 4.6 SECRETARY. The Secretary shall have the responsibility to ensure that notices required by the Bylaws are properly issued, and that the minutes of all meetings of the Board and the Members are adequately kept. The Secretary shall have responsibility for all corporate books, records and papers, any and all written contracts of the Corporation, and shall authenticate the records of the Corporation. The Secretary also shall perform such other duties as are incident to this office.
SECTION 4.7 RESIGNATION. An officer of the Corporation may resign by delivering written notice to the Board, its chairman, the President, or the Secretary. A resignation is effective when delivered unless the notice specifies a later effective date.
SECTION 4.8 VACANCIES. The board shall fill vacancies among elected and appointed officers occurring during the annual terms.