elected and qualified or until his or her earlier resignation or removal. Any number of
offices may be held by the same person.
Section 2: President.
The President shall be the chief executive officer of the Corporation. Subject to the
provisions of these By-laws and to the direction of the Board of Directors, he or she shall have
the responsibility for the general management and control of the business and affairs of the
Corporation and shall perform all duties and have all powers which are commonly incident to the
office of chief executive or which are delegated to him or her by the Board of Directors. He or
she shall have power to sign all stock certificates, contracts and other instruments of the
Corporation which are authorized and shall have general supervision and direction of all of the
other officers, employees and agents of the Corporation.
Section 3: Vice President.
Each Vice President shall have such powers and duties as may be delegated to him or her by the
Board of Directors. One (1) Vice President shall be designated by the Board of Directors to
perform the duties and exercise the powers of the President in the event of the Presidents absence
Section 4: Treasurer.
The Treasurer shall have the responsibility for maintaining the financial records of the
Corporation. He or she shall make such disbursements of the funds of the Corporation as are
authorized and shall render from time to time an account of all such transactions and of the
financial condition of the Corporation. The Treasurer shall
- 11 -