Article VII - Officers
Section 1. Offices. The officers of this corporation will be a president, vice president, secretary, and treasurer, all of whom shall be directors. Any two or more offices may be held by the same person, except the offices of president and secretary.
Section 2. Elections. The officers of the corporation shall be elected at the regular annual meeting of the board of directors. The term of the new officers elected shall commence on their elections and shall be for one year. If the election of officers shall not be held at the annual meeting, such election shall be held as soon thereafter as possible. New offices 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 qualified as provided herein.
Section 3. Removal. Any officer elected or appointed by the board of directors may be removed with or without cause by a vote of two-thirds of the board of directors whenever in its judgment the best interest of the corporation would be served thereby.
Section 4. Vacancies. 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. President. The president shall be the principal officer of the corporation, shall preside at all meetings of the board of directors, and may sign, with the secretary or any other proper officer of the corporation authorized by the board, any deeds, mortgages, bonds, contracts or other instruments which the board of directors has authorized to be executed. In general, the president shall perform all duties incident to the office of the president and such other duties as may be prescribed by the board of directors from time to time.
Section 6. Vice President. 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 restrictions upon the president. The vice president shall perform such other duties as from time to time may be assigned by the president or the board of directors.
Section 7. Treasurer. 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, trust companies, or other depositories as shall be selected by the board of directors; be responsible for preparation of financial statements; and in general, perform all the duties incident to the office of treasurer and such other duties as from time to time may be assigned by the president or by the board of directors. If required by the board of directors, the treasurer shall give a bond for the faithful discharge the treasurer's duties in such sum and with such sureties as the board of directors shall determine. The corporation shall pay the premium on any such bond.
Section 8. Secretary. The secretary shall assure that minutes of the meetings of the board of directors are kept in one (1) or more books provided for that purpose; see that all notices are duly given in accordance with the provisions of these bylaws or as required by law; be custodian of the corporate records and of the seal of the corporation and see that the seal of the corporation is affixed to all documents as required by law, the execution of which on behalf of the corporation under its seal is duly authorized in accordance with the provisions of the bylaws or the authority of the board of directors; keep a register of the post office address of each member of the board of directors which shall be furnished to the secretary by such members; and in general perform all duties incident to the office of secretary and such other duties as from time to time may be assigned by the president or by the board of directors.