1.The president is the principal executive officer of the association and shall supervise
and control the business and affairs of the association and preside at all meetings of
the association and the board of directors. The president may sign, with the secretary
or any other officer of the association authorized by the board of directors, any deeds,
mortgages, bonds, contracts, or other instruments the board of directors has
authorized to be executed, except when the signing is expressly delegated by the
board of directors, the bylaws, or law to some other officer or agent of the association.
The president shall perform all duties incident to the office of president and duties as
may be prescribed by the board of directors.
2.In the absence, inability, or refusal to act of the president
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1. The president is the principal executive officer of the association and shall supervise
and control the business and affairs of the association and preside at all meetings of
the association and the board of directors. The president may sign, with the secretary
or any other officer of the association authorized by the board of directors, any deeds,
mortgages, bonds, contracts, or other instruments the board of directors has
authorized to be executed, except when the signing is expressly delegated by the
board of directors, the bylaws, or law to some other officer or agent of the association.
The president shall perform all duties incident to the office of president and duties as
may be prescribed by the board of directors.
2. In the absence, inability, or refusal to act of the president, the vice president shall
perform the duties of the president and when so acting has all the power of and is
subject to all the restrictions upon the president. If there is more than one vice
president, the vice president elected or appointed earliest in time shall perform the
duties of the president. A vice president shall perform such duties as assigned by the
president or board of directors.
3. If required by the board of directors, the treasurer shall give a bond for the faithful
discharge of the treasurer's duties in a sum with that surety as determined by the
board. The treasurer shall perform or supervise the performance of all the duties
incident to the office of the treasurer and shall:
a. Keep accurate financial records for the association;
b. Deposit all money, drafts, and checks in the name of and to the credit of the
association in the depositories designated by the board;
c. Endorse for deposit all notes, checks, and drafts received by the association as
directed by the board, making proper vouchers;
d. Disburse association funds and issue checks and drafts in the name of the
association, as directed by the board;
e. Give to the president and the board, when requested, an account of all
transactions by the treasurer and of the financial condition of the association; and
f. Perform other duties assigned by the board or the president.
4. The secretary shall keep the minutes of the meetings of the board of directors; see
that all notices are duly given in accordance with the bylaws or as required by law; be
custodian of the association records; keep a register of the post-office address of each
member as furnished to the secretary by the member; and, in general, perform or
supervise the performance of all duties incident to the office of secretary and other
duties as assigned by the president or by the board of directors.
5. Any other officers created by the board of directors may be required to give bonds for
the faithful discharge of their duties in such sum and with such sureties as determined
by the board of directors and shall perform duties assigned to them by the treasurer,
secretary, president, or board of directors.