The officers of the Association shall be a president, who shall also act as chairman of the Board, a secretary and a treasurer and such other officers as may be elected in accordance with the provisions of this Article VI. The Board of Directors may elect or appoint such other officers, including one or more vice presidents and assistant secretaries and one or more assistant treasurers, as it shall deem desirable, such officers to have the authority and perform the duties prescribed, from time to time, by the Board of Directors. Board members may hold multiple offices, except that no Director shall hold the offices of President and Treasurer simultaneously.

 

 

The officers of the Association shall be elected annually from members of the Board of Directors at the regular annual meeting of the Board of Directors. If the election of officers shall not be held at such meeting, such election shall be held as soon thereafter as convenient. Vacancies may be filled or new offices created and filled at any meeting of the Board of Directors. Each officer shall hold office until his or her successor shall have been duly elected and shall have qualified.

 

 

Any officer or agent elected or appointed by the Board of Directors may be removed by a majority vote of the Board of Directors, with or without cause. Such removal shall be without prejudice to the contract rights, if any, of the person so removed.

 

 

A vacancy in any office shall be filled by the Board of Directors for the unexpired portion of the term.

 

 

The president shall be the principal officer of the Association and shall in general supervise and control all of the business and affairs of the Association. The president shall preside at all meetings of the membership and of the Board of Directors, as chairperson of the Board. He or she may sign, with any vice president, the secretary or treasurer or any other proper officer of the Association authorized by the Board of Directors, any deeds, mortgages, bonds, contracts, or other instruments which the Board of Directors authorizes to be executed, except in cases where the signing and execution thereof shall be expressly delegated by the Board of Directors or by these by-laws or by statute to some other officer or agent of the Association; and in general shall perform all duties incident to the office of president and such other duties as maybe prescribed by the Board of Directors from time to time.

 

 

In the absence of the president or in the event of his or her inability or refusal to act, the vice presidents, in the order of their seniority, 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. The vice presidents shall perform such other duties as from time to time may be assigned to them 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 of his or her duties in such sum and with such surety or sureties as the Board of Directors shall determine. The treasurer shall: have charge and custody of and be responsible for all funds and securities of the Association; receive and give receipts for monies due and payable to the Association from any source whatsoever, and deposit all such moneys in the name of the Association in such banks, trust companies or other depositories as shall be selected by the Board of Directors; 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 to him or her by the president or by the Board of Directors. If a management company is hired, the Treasurer is required to work with that organization in the handling of all funds belonging to the Association.

 

 

The secretary shall keep minutes of the meetings of the members of the Board of Directors in one or more paper documents and electronic files provided for that purpose; 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 Association 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 or her by the president or by the Board of Directors.