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<br />lo. <br />the President. The President shall be elected Tny a two-thirds <br />(2/3} vote oast by the Directors present at any lawfully held <br />regular or. special meeting of the Board of Directors called <br />pursuant to the Bylaws of the corporation and sFrall hold office <br />for such a term as the Bylaws of the corporation may provide <br />and in the absence of such provision, he shall 2zald office <br />for a term of ore (1) ~~ear or until his successor is elected <br />and qualified. All other officers shall be appointed by the <br />President with the approval of the Board of Directors and shall <br />hold office for a term of one (1) year unless such officer's <br />appointment is term~.nated sooner as herein provided. The <br />President may be removed from office by the Board of Directors <br />by a two-thirds (2f 3} vote cast by the Directtar s present at <br />any lawfully held regular or special meeting of the Board of <br />Directors called pursuant to the Bylaws of t_he corporation. <br />The removal o= the President may take glace at any time, with <br />or without cause, and for any reason which in the judgment of <br />the Board of Directors is in the besu interests of the corporation <br />at that time. Any other officer may be removee~ from office by <br />the President subject to the approval of the Board of Directors_ <br />El~ctian or appointment of ar. officer or agent shall not of <br />itself create cantr~=ct rights. <br />E. Every person who is or has been a T..ti'irector, Officer <br />ar t~2ember of a standing or special committee of the corporation <br />and such other persons as the Board of Director ~ may determine <br />or any heirs, legatees, devisees and personal representatives <br />of ary of the aforesaid persons shall be indemnified by the <br />