|ARTICLE IV - OFFICERS
Section 1. The officers of the corporation shall be a
President, Vice President, Secretary and Treasurer.
Section 2. The officers of the corporation shall be
elected annually by the board of Directors at the regular annual meeting of the Board of
Directors and shall serve terms of one year each. If the election of officers shall not be
held at such meeting, such election shall be held as soon thereafter as conveniently may
be. New officers may be created and filled at any meeting of the Board of Directors. Each
officer shall hold office until his successor shall have been duly elected and shall have
qualified. Al officers shall be selected from among the members of the Board of Directors.
Section 3. Any officer elected or appointed by the
Board of Directors may be removed by the Board of Directors whenever, in its judgement the
best interests of the corporation would be served thereby. Such removal shall be without
prejudice to the contract rights, if any, of the officer so removed.
Section 4. A vacancy in any office because of death,
resignation, removal, disqualification or otherwise, may be filled by the board of
Directors for the unexpired portion of the term.
Section 5. The President shall be the Chief Executive
Officer of the corporation, shall preside at all meetings of the corporation, of the Board
of Directors and the Executive committee and in general he shall perform all duties
incident to the office of President and such other duties as may be prescribed by the
Board of Directors from time to time.
Section 6. In the absence of the President, or in the
event of his inability or refusal to act, the Vice President shall perform the duties of
the President, and when so acting, shall have all the powers of and be subject to all the
restrictions upon the President.
Section 7. The Secretary shall keep the minutes of
the meetings of the members and of the Board of Directors; see that all notices are duly
given in accordance with the provisions of these By-Laws or as required by law; be
custodian of the corporate records; keep a register of the post office address of each
member, which shall be furnished to the Secretary by such member; and in general perform
all duties incident to the office of Secretary and such other duties as from time to time
may be assigned to him/her by the President or by the Board of Directors.
Section 8. The Treasurer shall have charge and
custody of and be responsible for all funds and securities of the corporation; receive and
give receipts for monies due and payable to the corporation from any source whatsoever,
and deposit all such monies in the name of the corporation in such banks or other
depositories as shall be selected in accordance with these By-Laws. He/she shall give
bond, at the expense of the corporation, in such amount, form and with such surety as may
be required by the Board of Directors.
ARTICLE V - COMMITTEES
Section 1. A nominating committee comprised of three
(3) members of the corporation shall be elected by the general membership at an annual
meeting to serve for one (1) year. The Nominating Committee shall propose a name or names
of nominees for directors at the next annual meeting of the members.
Section 2. The President shall also appoint the
members of such other committees as the President or the board of Directors may deem
necessary. The members of such committees shall serve at the pleasure of the President.