By-Laws
Page 5 of 10
and control of the Board of Directors. The President and the Secretary shall sign, on behalf of
the Association, all instruments in writing, contracts, deeds, notes, mortgages, and other legal
documents which it may become necessary for the Association to execute after authorization
from the Directors.
SECTION 9. The Vice President, who must also be a Director, shall perform the duties of the
President in the event of the President's death, absence, or inability to act.
SECTION 10. The Secretary, who is a non-voting member appointed by the Board, shall attend
the meetings of the members and of the Board of Directors, and shall keep in a book or books of
the Association provided for that purpose, true and correct records of all the meetings; shall give
all notices herein provided for or required by law, or that may from time to time be necessary or
expedient; shall have custody of the corporate seal, charter, constitution, by-laws, and records;
shall conduct its correspondence, except such as belongs to the office of the Treasurer; and shall
perform such other duties as are usual to the office or as may be required by the Board of
Directors. The Secretary shall be at all times subject to the discretion and control of the Board
of Directors.
SECTION 11. The Treasurer, who is a non-voting member appointed by the Board, shall keep
all accounts of the Association in books belonging to the Association which shall at all times be
open to the inspection of the Board of Directors. The Treasurer shall collect and disburse funds
of the Association under the direction of the Board of Directors. The Treasurer shall, if
requested by the Board of Directors, render a statement in writing at each regular meeting of the
Board of Directors, showing receipts, disbursements, and expenses during the preceding month,
the amounts due from members, and the cash balance on the hand, and as fair as practical, the
outstanding balance sheet showing the financial condition of the Association and full reporting
detail of the receipts, disbursements, and expenses of the fiscal year just closed, which balance
sheet and report shall have been previously printed and distributed to the members at least three
days prior to the annual meeting. The fiscal year shall end October 31 each year. The Treasurer
shall keep the funds of the Association on deposit in the name of the Association in a bank to be
designated by the Board of Directors and shall furnish such bond as the Board of Directors may
require; such bond to be deposited with and kept by the President. The Board of Directors shall
require that all checks, drafts, and other instruments for payment of funds of the Association in
excess of $500.00 shall require two signatures, one of which shall be the Treasurer, the other of
which shall be a director(s) as authorized by the Board of Directors at their first meeting
following annual election. The Treasurer shall also perform such other duties as are usual to the
office or may be required by the Board of Directors, and shall be at all times subject to the
direction and control of the Board of Directors.