Adelphi Recreation, Incorporated
(As amended and approved at the annual meeting on November 20, 2002)
ARTICLE V - OFFICERS
The president shall preside at all meetings of the shareholders. He shall perform such other duties as customarily pertain to the office of President, or as he may be directed to perform by the Board. The President shall serve as the Chairman of the Board of Directors and preside over all meetings of the Board. The President shall review the annual audit and the annual bonding of the officers as provided in Article IX Sections 6 and 8.
The vice-president shall have and exercise all the powers, authority and duties of the president during his absence or inability to act. He shall also act as assistant to the president and perform such other functions as he may be directed to perform by the Board.
The treasurer shall have custody, held in name of the corporation, of all funds, securities, valuable papers, and other intangible assets of the corporation. He shall provide and maintain full and complete records of all income and expenses of the corporation. He shall prepare and submit at the annual meeting of the shareholders a written financial statement of the assets and liabilities of the corporation as of the last day of the current year, and the two preceding years. He shall prepare a written monthly summary of income and expenses, account balances, and payments due, for meetings of the Board of Directors. He shall ensure timely payment of bills. He shall ensure that insurance policies for the pool property, liability, and the pool directors are maintained and paid in a timely fashion.
He shall prepare such tax reports as local, state and federal agencies may require and he shall perform such other duties as customarily pertain to the office of the treasurer.
The secretary shall prepare and maintain full minutes of all meetings of the shareholders and the Board of Directors. He shall give proper notice of all meetings of the shareholders. He shall conduct all correspondence of the corporation. He shall perform such other duties as customarily pertain to the office of secretary.
The Outgoing president shall, upon the expiration of his term, become a non-voting member of the Board of Directors for a period of one year. This role shall not preclude his being elected to said Board as a regular member as provided in Article 3.