IACA Board of Directors Guidebook - page 29

Page 9 of 15
As edited/corrected March 25, 2011
The President or delegated person shall perform all duties incident to the office of President and such other
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duties as may be prescribed by the Board of Directors.
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Section 6.
Vice President
. In the absence of the President or in the event of the President's inability or
225
refusal to act, the Vice President shall perform the duties of the President and when so acting shall have
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all powers of and be subject to all restrictions upon the office of the President. The Vice President shall
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perform such other duties as may be assigned by the President or by the Board of Directors.
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Section 7.
Treasurer.
The Treasurer shall supervise all duties incident to office of Treasurer and such
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other duties as may be assigned by the President or Board of Directors. The Treasurer shall give or cause
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to be given notices in accordance with the provisions of these Bylaws or as required by law.
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Section 8.
Secretary.
The Secretary shall supervise all duties incident to the office of Secretary and such
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other duties as may be assigned by the President or by the Board of Directors. The Secretary shall give or
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cause to be given notices in accordance with the provisions of these Bylaws or as required by law.
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Section 9.
Executive Director
. The Board of Directors shall employ an Executive Director who shall
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serve at the pleasure of the Board. The Executive Director shall:
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A.
Give a monetary bond for the faithful discharge of duties in such sum and with such surety or
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sureties as the Board of Directors shall determine.
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B.
Have charge and custody of, and be responsible for, all funds and securities of the Corporation.
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C.
Receive and give receipts for monies due and payable to the Corporation from any source
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whatsoever and deposit all such monies in the name of the Corporation in such banks, trust
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companies, or other depositories as shall be selected in accordance with the provisions of these
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Bylaws.
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D.
Perform all the duties as may be assigned by the President or by the Board of Directors. With
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the approval of the Board of Directors and to the extent permitted by law, the Executive Director
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may invest funds of the Corporation in governmental and corporate securities. Other powers and
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duties which are the assigned responsibilities of the Executive Director shall include:
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1.
Carrying out the policies established by the Board of Directors;
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2.
Hiring and discharging all other employees of the Corporation;
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3.
Preparing annual reports and proposed budgets;
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4.
Attending all meetings of the Corporation;
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5.
Preparing quarterly financial reports and accounts due;
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