The board of directors shall elect from its number a president and one or more vice- presidents. It shall also elect a secretary and a treasurer who need not be directors, and it may combine the two latter offices and designate the combined office as secretary-treasurer. The duties of said officers shall be those usual to like officers in corporations and such other additional duties as may be designated in the bylaws.
History: (Acts 1935, No. 220, p. 604; Code 1940, T. 2, §119.)