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Part 2
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Vol. 2- City of Santa Ana Financing Authority (Police Administration and Holding Facility)
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Part 2
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ARTICLE IV <br /> OFFICERS <br /> Section 4 .1 OFFICERS. The officers of the Corporation <br /> shall be a President, a Secretary and a Chief Financial Officer. <br /> The Corporation may also have, at the discretion of the Board of <br /> Directors, a Chairman of the Board, one or more Vice Presidents, <br /> one or more Assistant Secretaries, one or more Assistant <br /> Treasurers and such other officers as may be appointed in <br /> accordance with the provisions of Section 4 .3 . <br /> Section 4.2 ELECTION. The officers of the Corporation <br /> except such officers as may be appointed in accordance with the <br /> provisions of Section 4 .3 or Section 4 . 5, shall be chosen <br /> annually by the Board of Directors, and each shall hold his <br /> office until he shall resign or shall be removed or otherwise <br /> disqualified to serve, or his successor shall be elected and <br /> qualified. <br /> Section 4.3 ADDITIONAL OFFICERS. The Board of <br /> Directors may appoint, and may empower the President to appoint, <br /> such other officers as the business of the Corporation may <br /> require, each of whom shall hold office, for such period, have <br /> authority and perform such duties as are provided in the Bylaws <br /> [ , or as the Board of Directors may from time to time determine. <br /> Section 4.4 REMOVAL AND RESIGNATION. Any officer may <br /> be removed, either with or without cause, by the Board of <br /> Directors, at any regular or special meeting thereof, or, except <br /> in case of an officer chosen by the Board of Directors, by any <br /> officer upon whom such power of removal may be conferred by the <br /> Board of Directors (subject, in each case to the rights, if any, <br /> of the officer under any contract of employment) . <br /> Any officer may resign at any time by giving written <br /> notice to the Board of Directors or to the President or to the <br /> Secretary of the Corporation, without prejudice, however, to the <br /> rights, if any, of -the Corporation under any contract to which <br /> such officer is a party. Any such resignation shall take effect <br /> at the date of the receipt of such notice or at any later time <br /> specified therein; and, unless otherwise specified therein, the <br /> acceptance of such resignation shall not be necessary to make it <br /> effective. <br /> Section 4.5 VACANCIES. A vacancy in any office because <br /> of death, resignation, removal, disqualification or any other <br /> cause shall be filled in the manner prescribed in these Bylaws <br /> for regular appointments to such office. <br /> - Section 4. 6 CHAIRMAN OF THE BOARD. The Board of <br /> Directors may, as it deems necessary, elect a member of the Board <br /> as Chairman of the Board, who shall preside at all meetings of <br /> 15 <br />
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