TEL3 By-Laws (5 of 10)
... the meeting. Director may waive notice of a meeting before or after the meeting and such waiver shall be deemed equivalent to the giving of such notice.
A majority of the members of the Board shall be sufficient to constitute a quorum for the transaction of business and the acts approved by a majority of those present in the meeting shall constitute the acts of the Board. If at any meeting less than a quorum is present, those present may adjourn the meeting from time to time until a quorum is achieved. At any adjourned meeting, any business which might have been transacted at the meeting as originally called may be transacted without further notice.
The order of business at any Board meeting shall be determined by the Board itself. The presiding officer at any Board meeting shall be the Chairman thereof, or in his/her absence, the Vice-Chairman.
Section 5. Compensation. The members of the Corporation may grant reasonable per diem to the Directors in accordance with the Corporation Code.
ARTICLE IV
OFFICERS
Section 1. Executive Officers. The executive officers of the Corporation are the following: the Chairman of the Board who shall automatically become the President of the Corporation, the Vice-Chairman who likewise becomes the Vice-President, the Treasurer, and the Secretary, all of whom shall be elected or appointed. as the case may be, by the Board. A Director or member may hold two executive positions at the same time as may be allowed by the Corporation Code. They may be removed by the Board with or without cause at any time at a meeting duly called for the purpose by the concurrence of at least four (4) Directors thereof. The Board may appoint a superintendent or administrator and such other officers and employees and delineate their powers and duties as the Board shall find necessary to manage the affairs of the Corporation.
Section 2. The President. The President shall preside over all meetings of the members of the Corporation. He shall represent the Corporation in and execute all contracts and agreements entered into by him/her for and in behalf of the Corporation. by authority of the Board expressed in a general or special resolution or other written instrument.
He shall countersign all checks, drafts, notes and orders for the payment of money against the funds of the Corporation wherever they may be found or deposited, but the Board may also authorize other officers of the Corporation to perform these duties of the President.
He shall name and appoint all the agents and employees of the Corporation subject to the approval and/or revocation by the Board. provided. however, that he/she may dismiss or accept the resignation of any employee even without prior action of the Board.
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