9004-18 Adopt Recommendations of Foundation Planning Task Force

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the President's maximum amount of time serving as a Director ends and the person serving as Qiair•President would ordinarily rotate off the Board, the Board of Directors may elect another person to fill that position and to serve a three (3) year term (and such Director may be reelected as provided for in this Code of Regulations.) The Chair•President shall nevertheless continue to serve as a Director through his or her tern as QarrPresident- even if this causes the Board of Directors to have eighteen (18) Directors. Section 3. Removal. Any officer elected by the Board of Directors may be removed with or without cause by the majority action of the Board of Directors present at a meeting. Section 4. Vacancies. A vacancy in office because of death, resignation, removal, disqualification or otherwise may be filled by the Board of Directors for the unexpired portion of the term. In the event of a vacancy in the office of C- haiePresident, the individual filling the vacancy, if filling the vacancy for one (1) year or less, shall be eligible for re- election to a full three (3) year term as O+H40resident. In the event the individual elected to fill a vacancy as ChairPresident serves in that position for more than a year, such individual shall not be eligible to be re- elected to serve a full three (3) year term as Q- arrPresident. Section 5. C4iairPresident. The following provisions shall govern the office ofr haitPresident: (a) The GliairPresident shall be elected from among the Directors of the Corporation and shall preside at all meetings of the Board of Directors. (b) The Ghai President shall be an ex officio member of all committees which may be from time to time elected or appointed. (e) The 6hairPresident may sign, with the Secretary or any other officer of the Corporation authorized by the Board of Directors, any deeds, mortgages, bonds, contracts or other instruments which have been authorized to be executed, except in cases where the signing and the executions thereof would be expressly delegated by the Board of Directors or by this Code of Regulations or by statute to some other officer or agent of the Corporation; and in general, the QakPresident shall perform all duties incident to the function of a Ghai President of the Board and such other duties as may be prescribed by the Board of Directors from time to time. Section 6. Vice- Chair•President. A Vice -Qait =President shall be elected from among the Directors and, in the absence of the Ghai President, the Vice- EhairPresident shall perform the duties of Ghai President when the office of ChairPresident is vacant or the Ghai President is unable or unavailable to act. I f--°a°° ^2KO670z67.i}