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Condominium Resale Certificate - Williams & Williams

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07:A16 MIG/jlf 2/4/84<br />

of the Executive Board. A person may hold one or more of such<br />

offfces at one time, except that the President shall not at the<br />

same time hold another office in the Association.<br />

5.2 Election of Officers: Each officer of the Association<br />

shall be elected at the organization meeting of the Executive<br />

Board as provided in Article IV hereof, except that the first<br />

Board of Directors shall elect its officers as soon as practicable<br />

after filing of the Declaration.<br />

5.3 Term: Each officer shall serve until the next meeting<br />

at which Directors are elected after the organization meeting at<br />

which he is elected, and until his successor has been duly<br />

elected and has qualified, except that the officers elected by<br />

the first Executive Board shall serve until their respective<br />

successors have been elected and qualified.<br />

5.4 Removal: Any officer may be removed, with or without<br />

cause, and without notice, by a majority vote of the Directors at<br />

any meeting of the Executive Board.<br />

5.5 Vacancy: Any vacancy in any office shall be filled<br />

by the Executive Board, and an officer elected to fill a vacancy<br />

shall serve for the unexpired term of his predecessor in office,<br />

and until his successor has been duly elected and has qualified.<br />

5.6 Powers and Duties of Officers:<br />

(a) President. The President shall be the chief<br />

executive officer of the Association. He shall have all of<br />

the powers and duties that are usually vested in the office<br />

of the President of a corporationi including, but not<br />

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