| ARTICLE III Officers, Employees, and Agents |
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| Written by Administrator | ||||
| Friday, 13 April 2007 08:11 | ||||
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Section 1. Officers. The Corporation shall have a Treasurer at all times. The Treasurer shall be a member of the Board. Section 2. Election, Term of Office and Removal. The Treasurer of the Corporation shall be elected for a two-year term by the decision-making procedure outlined in Article 2, Section 8 of these By Laws. The Treasurer may serve for any number of consecutive terms. The Treasurer shall continue in office until his or her successor shall have been elected and qualified, or until his or her death, resignation, or removal. The Treasurer may be removed, with or without cause, by the decision-making procedure as outlined in Article 2, Section 8 of these By Laws. Section 3. Other Agents and Employees. The Board may periodically appoint such agents and employees as it shall deem necessary, each of whom shall hold office during the pleasure of the Board, and shall have such authority, perform such duties, and receive such reasonable compensation, if any, as determined by the Board following the decision-making procedure as outlined in Article 2, Section 8 of these By Laws. To the full extent allowed by law, the Board may delegate to any Officer or agent any powers possessed by the Board and may prescribe their respective title, terms of office, authorities and duties. Section 4. Removal. Any Officer, employee, or agent of the Corporation may be removed with or without cause by following the decision-making procedure as outlined in Article 2, Section 8 of these By Laws. Section 5. Vacancies. In case of a vacancy of the office of Treasurer, the board shall assume the duties of the Treasurer until a new Treasurer can be elected by the decision-making procedure as outlined in Article 2, Section 8 of these By Laws at the next board meeting. Section 6. Treasurer: Powers and Duties. The Treasurer shall keep or cause to be kept full and accurate accounts of receipts and disbursements of the Corporation, and shall deposit or cause to be deposited all moneys, evidences of indebtedness, and other valuable documents of the Corporation in the name and to credit of the Corporation in such banks or depositories as the Board may designate. At the annual membership meeting and whenever else required by the Board, s/he shall render a statement of the Corporation’s accounts. S/he shall at all reasonable times exhibit the Corporation’s books and accounts to any Officer or Trustee, and shall perform all duties incident to the position of Treasurer, subject to the control of the Board, and shall when required, give such security for the faithful performance of his or her duties as the Board may determine. Section 7. Compensation. Any employee, or agent (except members of the Board of Trustees) of the Corporation is authorized to receive a reasonable salary or other reasonable compensation for services rendered to the Corporation when authorized by following the decision-making procedure as outlined in Article 2, Section 8 of these By Laws of the Board, and only when so authorized.
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