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ARTICLE V - OFFICERS <br />Section 1. Composition. <br />The officers of this Corporation shall be President, Vice President, Secretary, and <br />Treasurer. <br />Section 2. Election of Officers. <br />Officers shall be elected annually for terms of one (1) year by the Board of Directors at <br />the Annual Meeting of the Members to be held in March each year. Any elected officer term <br />may be extended by a vote of the Board of Directors. <br />Section 3. Vacancy. <br />A vacancy in an office because of death, resignation or removal may be filled by the <br />Board of Directors. <br />ARTICLE VI — DUTIES OF THE OFFICERS <br />Section 1. President. <br />The President shall be chief executive officer of the Corporation, shall have overall <br />supervision of the business of the Corporation, and shall direct the affairs and policies of the <br />Corporation, subject to such policies and directions as may be provided by the Board of <br />Directors. The President shall preside at all meetings of the Board of Directors, as well as at <br />Executive Committee meetings. <br />5 <br />