Sec. 1. The executive officers of the association shall be: president, vice‑president, treasurer, assistant treasurer, secretary and assistant secretary; all of whom shall be elected by the board of directors from its membership and at its first meeting after each annual membership meeting.

Sec. 2. The president of the association shall preside at all meetings of the members, and of the board of directors; and shall perform such other duties and have such other authority as the board of directors may from time to time prescribe.

Sec. 3. All deeds, deeds of trust, leases, contracts, mortgages and all other legal papers required to be executed by this association, shall be signed, executed, acknowledged and delivered for the association by the president when directed by and in the manner prescribed by the board. All such papers may be signed, executed, acknowledged and delivered by the association by any other officer or officers of the association specifically designated, empowered, authorized and directed so to do by a resolution properly passed by the board of directors of this association.

Sec. 4. Negotiable notes and other obligations of the association shall not be valid unless signed by the president, or by an officer or officers of the association specifically designated, empowered, authorized and directed so to do by a resolution properly passed by the board of directors of this association.

Sec. 5. Checks for the payment of money shall not be valid unless examined, approved and signed by the treasurer and countersigned by the president, or by an officer or officers of the association specifically designated, empowered, authorized and directed so to do by a resolution properly passed by the board of directors of this association.

Sec. 6. The vice‑president shall perform the duties of the president, in his absence, and shall perform such other duties and have such further authority as the board of directors may from time to time prescribe.

Sec. 7. The treasurer shall have the custody of all money, funds and securities and other valuable papers of the corporation, and shall receive and disburse all its monies and funds, and shall perform such other duties and have such further authority as the board of directors may from time to time prescribe. All monies or funds of the association, or under its charge, shall be deposited by the treasurer, assistant treasurer, or other officer of this association in bank or banks or places of deposit specifically designated, authorized and directed so to do by a resolution properly passed by the board of directors of this association. The treasurer shall enter, or cause to be entered, regularly in the books of the association full and accurate accounts of all monies received and disbursed by, or on account of, the association, and all business transactions of the association involving the receipt or disbursement of money, and he shall exhibit his books and accounts to the board of directors, any director, or the president, or authorized auditor, agent or representative of the board of directors, whenever called upon to do so, and shall make a monthly report at each meeting of the board of directors of the financial condition and status of the association.

Sec. 8. The assistant treasurer shall perform the duties of the treasurer, in his absence or inability to perform his duties, and shall perform such other duties and have such further authority as the board of directors may from time to time prescribe.

Sec. 9. The secretary shall keep the minutes of all meetings of the board of directors, and of the members, and shall attend to the giving of all notices of meetings and for all other purposes. He shall have the custody of the corporate seal of the corporation and all of the records respecting membership, and the membership certificates, and shall conduct correspondence for the association, and shall perform such other duties and have such other authority as the board of directors may from time to time prescribe. The offices of secretary and treasurer may, upon order of the board of directors, be combined; and the board of directors may, in its discretion, require the treasurer to execute a bond for the faithful performance of his duties, and to account for and pay over all money coming into his hands, and fix the amount of said bond. The premium on the bond shall be paid from association funds.

Sec. 10. The assistant secretary shall perform the duties of the secretary, in his absence or inability to perform his duties, and shall perform such other duties and have such further authority as the board of directors may from time to time prescribe