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Section 5. Executive.Director. The Executive Director of the Authority shall be the ex- <br /> officio Secretary, and shall have general supervision over the administration of its <br /> business and affairs, subject to the direction of the Authority. He/she shall be charged <br /> with the management of the housing projects of the Authority. He/she shall have care <br /> and custody of all funds of the Authority and shaft deposit the same in the name of the <br /> Authority in such bank or banks as the Authority may select. He/she shall keep regular <br /> books of accounts showing receipts and expenditures and shall render to the Authority, <br /> at each Regular Meeting, or more often when requested, an account of his transactions <br /> and also of the financial condition of the Authority. <br /> The compensation of the Executive Director shall be determined by the Authority and <br /> he/she shalt give bond for the faithful performance of his/her duties,, but a member of <br /> the Authority serving as Secretary and Executive Director In a temporary capacity shall <br /> serve without compensation other than the payment of necessary expenses. <br /> Section 6, 5ggetam The Secretary shall keep the records of the Authar4, shall act as <br /> Secretary of the Meetings of the Authority and record all votes, and shall keep a record <br /> of the proceedings of the Authority in a Minute Book to be kept for such purposes <br /> (documents and supplementary material forming a part of the Minutes may be kept in a <br /> supplementary document book) and shall perform all duties incident to his/her office. <br /> He/she shah keep in safe custody, the Seat of the Authority and shall have power to <br /> affix such Seal to all contracts and instruments authorized to be executed by the <br /> Authority. <br /> At any Regular or Special Meeting, in the absence of the Secretary,, a Secretary pro" <br /> temporo may be appointed from among the members of the Authority who shall serve <br /> without compensation other than the payment of necessary expenses. <br /> i <br /> Section 7. Duties of Members, The Members of the Authority shall perform such dudes <br /> as re incumbent upon them by reason of their election to any office and shall perform <br /> such other duties and functions as may from time to time be required by the Authority <br /> of By-Laws, or which may arise by reason of their appointment to serve on committees <br /> functioning within the Authortty or in cooperation with other persons or groups. <br /> Section 8. EkgLion.oroinmeet. The Chairperson, Vice Chairperson, Treasurer and <br /> __ . <br /> Assistant Treasurer shall be elected at the Annual Meeting of the Authority from among <br /> the members of the Authority and shall hold office for one year or until their successors <br /> are elected and qualified. <br /> The Authority shall appoint one person to fel the office of Secretary and Executive <br /> Director. Any person appointed to fill the office of Secretary and Executive Director, or <br /> any vacancy therein, shall have such terms as the Authority fixes,, but no member of <br /> the Authority shall be eligible to this office except as a temporary appointee. <br /> 2 <br />