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24.2209 Secretary and treasurer-Duties.

Cite as [A.S.C.A. § 24.2209]

(a) It shall be the duty of the secretary to:

(1) keep a record of the proceedings of the meetings of the Board of Directors:

(2) receive and deposit all moneys of the Copra Fund, to be paid out only on checks drawn as provided in this chapter, and account for all receipts, disbursements, and balances on hand;

(3) discharge such other duties as pertain to his office or may be prescribed by the Board of Directors.

(b) It shall be the duty of the treasurer to take general charge of the funds of the Copra Fund, as directed by the Board of Directors.

(c) The secretary may be the same person as the treasurer; the treasurer need not be a natural person, but may be a corporation, and preferably a banking corporation.

History: 1962, PL 7-24.