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Form #1490

Powers of officers

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Powers of officers

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Powers of officers.

Since under the articles of incorporation and bylaws of this company it is the duty and responsibility of this board to determine the principal powers and duties of corporate officers and the general manager and this board after due consideration has determined what should be the principal powers and duties of the corporate officers and the general manager:

Now, it is resolved, that the principal duties of the president shall be to preside at all meetings of the board of directors and to have a general supervision of the affairs of the corporation.

Resolved, that the principal duties of the vice-president shall be to discharge the duties of the president in the event of the absence or disability of the president for any cause whatsoever and to assist the president in the general supervision of the affairs of the corporation.

Resolved, the principal duties of the secretary shall be to countersign all deeds, leases and conveyances executed by the corporation, affix the seal of the corporation, and to those other papers as shall be required or directed to be sealed, to keep a record of the proceedings of the board of directors, and to safely and systematically keep all books, papers, records and documents belonging to the corporation or in anyway pertaining to the business.

Resolved, the principal duties of the treasurer shall be to keep and account for all money, credits and property, of every nature, of the corporation, which will come into his [her] hands, and keep an accurate account of all money received and disbursed, and proper vouchers for money disbursed, and to render accounts, statements and inventories of money received and disbursed and of money and property on hand and generally of all matters pertaining to this office as shall be required by the board of directors.

Resolved, that the general manager shall have power to direct, manage, and carry on the business of the corporation subject to the control of the board of directors and to make and execute all contracts pertaining to the ordinary business of the corporation.

Resolved, that the head officers and general manager shall perform such additional, different or specific duties as shall from time to time be imposed or required by the board of directors or as may be prescribed from time to time by the bylaws.



 
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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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