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<br /> <br />5. Vacancies. Any vacancy in the officers of the Board <br />shall be f lie 'by the then directors electing a replacement. <br />ARTICLE VIII. <br />Duties of the Officers <br />The duties of the officers are as follows: <br />President <br />The President sha11 preside at all a~etings of the Berard of <br />Directors; sha11 see that orders and resolutions of *_he <br />Board are carried out; shall sign all leases, mortgages, <br />deeds and other written instruments, and shall cosign all <br />chedc8 and promissory notes. <br />Vice President <br />The Vice President shall act in the place instead of the <br />President in the event of his absence, inability or refusal <br />to act, and shall exercise and discharge such other duties <br />as may be required of him by the Board_ <br />Secretary <br />The Secretary shall record the votes and keep the minutes of <br />all meetings and proceedings of the Soard, and keep the <br />corporate seal of the Association and affix it or a hand- <br />dra~ars facsimile thereof to a21 papers requiring said seal; <br />serve notice of meetings of the Soard, and keep appropriate <br />current records showing the Directors cf the Association, <br />together with their addresses, and s!°iall p~;~Lorm all such <br />other duties as are requ _ed 6y the Board_ <br />Treasurer <br />The Treasurer sha13 receive and deposit in an aggrogriate <br />bank as designated by the Beard, all monies of the Aseoci- <br />an on and shall disburse such funds as directed by resolution <br />of the Soard of Directors; shall signs all checks and promissory <br />notes of the Association; kaeg proper books of account; and <br />sha13 prepare an annual budget and statnt of income and <br />expenditures to be presented to the Soard of Directors prior <br />to the general assesanent period. <br />ARTICLE IX. <br />Co~nittses <br />The Association shall have the authority to appoint and <br />discharge et>issaittees in acctsrdance with the terms of the <br />Articles of Incorporation. <br />ARTICLE X. <br />Soaks and Records <br />The books. records and pagers o€ the Association shall <br />zat a1.1 Linea, during reasonable business hours, be subject <br />to in~tpection by any Director. The master Deed, the Arti- <br />c18• of Incorporation and the By-Laws of the Association <br />shall be availaJtle for inspection by any Director at the <br />griascigal o.Eficw of the Association, where copies may be <br />psxt'c~hassd at a raaarsnabls cyst. <br />..~.f <br />_q_ <br />