N.M. Admin. Code § 13.10.10.12 - OFFICERS
A. The officers of
the board will be the chairman of the board, a vice-chairman, a secretary and
treasurer, and such other officers as the board may decide, who will be elected
annually by the board at its annual meeting to serve until their successors are
elected and qualified. An officer, except the chairman, may be removed with or
without cause by the board, or may resign. Vacancies and newly created offices
will be filled by the board. One person may hold more than one office, but no
person may be both chairman of the board and secretary. Officers will perform
the duties, and will have the power and authority, assigned by the board,
incident to the office, and provided in this plan.
B. The chairman of the board shall preside at
meetings of the board and shall assume such duties as shall be designated from
time to time by the board. The chairman, when authorized by the board, will
execute and deliver documents in the name of the pool.
C. The vice-chairman of the board shall
function in the absence of the chairman.
D. The secretary will review the records of
the pool and the minutes of the proceedings of the directors; will give all
notices required; and when authorized will execute, attest, seal, and deliver
documents of the board.
E. The
treasurer will be responsible for reviewing financial records and accounts for
the pool.
Notes
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