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<br />Secretary, Treasurer or other officers shall be elected to <br /> <br />serve for the ensuing year and until the election of their <br /> <br />respective SUCCC:S,iors. Elfoction shall be by ballot and a <br />majority of the votes cast shall be necessary to elect. The <br /> <br />Secretary and the Treasurer need not be stockholders. <br /> <br />Section B. Compensation of Directors, officers and employees. <br /> <br />The Board of Directors shall f~ the compensation of <br /> <br />Directors, officers and em~loyees. <br /> <br />Section 9. Order of business. <br /> <br />The regular order of business at meetin~s of the Board of <br />Directors shall be as follows: <br /> <br />1. Roll call. <br />2. Readine and di3posal of any unapproved <br />minutes. <br />3. Reports of officers. <br />4. Heports of Committe€'s. <br />5. Unfinished business. <br />6. COL-munications to the Boar.d. <br />7. Allovmnce of bills. <br />8. ~ew business. <br />9. Adjournment.. <br /> <br />Section 10. Reports of officers. <br /> <br />Full and detailed reports shall be r.w.de by the President, <br /> <br />Secretary and Treasurer at the annual meeting of the stock- <br /> <br />holders. <br /> <br />Section ll. Auditing committee. <br /> <br />An auditine committee to consist of three Directors, who <br /> <br />are not officers, shall be apr~inted by the President at the <br /> <br />first meetine of Directors after the annual stockholders meet- <br /> <br />ing. Such auditing con-mittee shall at such time as they deem <br /> <br />advisable examine the books of the officers of the Association7 <br /> <br />and shall report their findlnp;s to the Board of Directors. At <br /> <br /> <br />least one examination Bhall be made each year just prior to <br /> <br />the annual meeting of the stockholders. <br /> <br />-6- <br /> <br />.' <br />