C150168 PIF - Laserfiche WebLink

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ARTICLE V Duties of Officers Section 1 . The President shall preside at all meetings of the Board of Directors and of the stockholders, sign all certificates of stock and all deeds and like instruments in writing on behalf of the Company and all warrants for money drawn on the Treasurer, and shall have general supervision, control and manage- ment of the affairs and business of the corporation, subject to the supervision and direction of the Board of Directors. He may call special meetings of the Board at any time of his own volition and shall do so on the written request of two or more members , and shall perform such other executive duties and func- tions as ordinarily devolve upon the chief officer of a corporation. He shall make out a full report each year for the annual meeting of the stockholders for the preceding year and present the same to the Board and to the stockholders at their meeting. Section 2. The Vice-President shall exercise the powers and perform the duties and function of the President when from any cause the latter shall be unable or shall refuse to act. Section 3 . The Secretary shall have charge of the books , records , docu- ments and correspondence of the Company and shall cause records of the proceed- ings of all meetings of the Board of Directors and of the stockholders to be kept. He shall countersign and register all certificates of stock and record all transfers of stock properly made . He shall countersign all warrants for money drawn on the treasury. He shall give notice of time and place of all board and stockholders meet- ing's, arid shall have custody of the corporate seal and affix same to all certificates of stock, deeds , contracts and other instruments requi'h tae cor orate seal, after the same shall have been signed by the President 4 �y' . a Jr full and accurate record containing the names of all perso —_ 81)r;? • tarranged, who are or shall within one year, have been sto kholders of this corporation , and showing their place of residence, the number of • of ,-. .-1 y,i-. -ch of them, respectively, and the time when they resp, ,, v y b • t e y rs of such shares , and the time when they ceased to be such stddtith• i-r,, : t all keep the accounts of the Company, receive all monies to be paid to the Company , and pay the same to the Treasurer, taking his receipt for the same. He shall keep an inventory of the Company's property, make a report of the business trans- acted by him annually or oftener if required by the President or the Board of Directors , and exhibit and explain the same to the Board and to the stockholders at their annual meeting, and shall perform such other duties as may be prescribed by the By-laws, or as may be required of him by the Board of Directors. Section 4. The Treasurer shall have control and custody of all funds and securities of the Company, and hold, deposit, dispose of and deliver the same as the Board of Directors may direct; and shall keep proper books of ac- counts showing all the financial transactions of the Company and shall keep his bank account in the name of the Company and render statements of his accounts and of the cash on hand whenever required by the Board of Directors or the President. He shall pay out monies only upon order of the Board of Directors, upon vouchers payable to the order of the payee, countersigned by the President, and attested by the Secretary , which vouchers he shall preserve and return with his annual report. He shall keep his accounts in such manner as to be able to inform the President or Board of Directors of the financial condition of the Company and the amount of funds in the treasury, and when required by the President or the Board of Directors , and at the end of his term of office, shall make to the stock- holders and the Board of Directors a full report of all money and property re- ceived and paid out by him during his term of office. He shall present vouchers • -4-