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<br />Section 3. The President shall be the chief executive officer of the
<br />Association. and, shall have general superivision over all the other offioers
<br />of'the Association in the,performanoeof thier duties as such, and of the con-
<br />duct of the, business and, affairs of,the Association.' He shall preside at all
<br />'meetings of the Board ot'Direotors and shall perform such other duties as may
<br />,be devolved upo~ him by the by-lawllt
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<br />Section 4. All oertitioates or other evidenoe ot the ownership of shares'
<br />of stock in the Association iS8uedby the Assooiation shall be signed by the
<br />,,' President and Seoretary of the Assooiation and shall have the seal of the Asso-
<br />oiation,attixed.
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<br />Section 5. All the contraots and instruments in writing executed for. or
<br />in behalf ot the Assooiation, shall be exeouted in the name of the Association by
<br />the President and Secretary and shell have the seal of the Association affixed.
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<br />, Section 6~,' The Treasurer shall receive and be 'the eustodaan of all moneys
<br />and other funds of the Association. No moneys shall be paid out by the Treasurer
<br />unless upon warrants drawn on him by tho President and Secretar-,y, except as pro- '
<br />vided in Artiole XI, Section SlNowarrants shell be drawn on the Treasurer by
<br />the President and, Secretary except upon the order of the Eoard' of Directors.
<br />recorded ,in the minutes of the Board, and' in a warrant record to be kept by the
<br />Secretary. '
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<br />Section 7. The Treasurer shall keep a full, complete and acourate aooount
<br />of all moneys of the Association received and disbursed by him, in books belong-
<br />ing to the Association. and:shall present a report and aocount thereof at every
<br />regular meeting of the Board, and shall. at the expiration of eaoh quarter, prepare
<br />and pUblish, in such msnner as the by-laws may presoribe. a quarterly statement
<br />to shareholders showing all such receipts and disbrusementA during the last pre-
<br />ceding quarters; and the Treasurer shall perform such other duties as may be
<br />devolved upon~im by the by-laws.
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<br />Section 8. The,Seoretary shall act as the clerk of the Board of Directors
<br />,and keep a record of all their proceedings, Be shall immediately upon their ad-
<br />option. record in a book of by-laws to be kept by him,in his office, all by-laws
<br />adopted. and shall keep such 'book open to the inspeotion of any member of the
<br />, ,Association, or his properly authorized ,agent, at all times during business hours.
<br />: And the Secretary'shall pertormsuoh other duties as may be devolved upon him by
<br />'the by-laws. "
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<br />Se~tion 9. The Treasurer and 6cretary shall give such bond as may be pre-
<br />scribed by ,the by.,laws;, Provided, that neither the Pres1d,ent; Vice-President, or
<br />'any member of ,the Board of Directors or ,the Secretary.' shall be accepted as a
<br />surety,on a bond otthe Treasurer.
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<br />ARTICLE X, , ..
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<br />Section~. The Board ot Directors may create such other offices as may be
<br />.. ',necessary for the 'carryiDgon of the business and aftairs of this Association,
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<br />'., " and prescribe the maxmer ot appointment, powers, duties.' terms, of otfice, ,el-, .
<br />"0::/ ;,igibllityandcompenaationthez;eqf by, by-lawsnot:,inoonsistentw1th these Articles.
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