Article VIII: Officers of the NHA Scholarship Fund

The Officers of the Fund shall be responsible for overall operation of the Fund and shall provide a status report annually on all operational phases and scholarships awarded to the Board of Directors.

Section 1.8.01 Number and Term: The Officers of the Fund shall consist of a President, one or more Vice Presidents (one of which may be designated Executive Vice President), a Secretary and a Treasurer. Such Officers shall initially be appointed by the incorporators and shall serve for a one (1) year term or until their successors are elected. Future Officers shall be nominated by the NHA Scholarship Fund Nominating Committee and approved by the Board of Directors.             

Section 1.8.02 Qualifications: Qualifications for NHA Scholarship Fund Officers must include, but are not limited to an expressed desire to further the purpose of the Fund.              

Section 1.8.03 Removal: Any Officer may be removed either with or without cause by the vote of a majority of the Board of Directors either at a lawfully convened meeting or by a vote by mail.

Section 1.8.04 Resignation: Any Officer may resign at any time by giving written notice to the Board of Directors, the Chairperson, President or Secretary of the Fund. Any such resignation shall take effect at the time specified therein; and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.

Section 1.8.05 Vacancies: Vacancy in any office for any reason may be filled by the Executive Committee, subject to the approval of the Board of Directors.

Section 1.8.06 Duties: The Officers of the Fund shall perform the following basic duties. A more detailed list of duties will be outlined in the NHA Scholarship Fund Operations Manual.

  • President: The President shall be the Chief Executive Officer of the Fund and shall have general supervision over the affairs of the Fund, subject to the approval by the Board of Directors. The President may sign and execute, in the name of the Fund, deeds, mortgages, bonds, contracts, or other instruments authorized by the Board of Directors. The President shall perform all duties incident to the office of the Chief Executive Officer of the Fund, and such additional duties as may be assigned by the Board of Directors.
  • Vice President(s): At the request of the President, the Executive Vice President, Senior Vice President or the Vice President in the order designated by the Board of Directors, shall perform all the duties of the President and, when as acting, shall have all the authority and be subject to all the restrictions of the President. The Vice President(s) shall perform any other duties as directed by the President or Executive Committee.
  • Secretary: The Secretary shall certify and keep at the principal office of the Fund, the original or copy of its bylaws as amended or otherwise altered to date; maintain and make available to Directors, Officers and members a book of minutes of all meetings of the Fund; ensure that all notices are duly given in accordance with the provisions of these bylaws or as required by law; be custodian of the records and of the seal of the Fund; see that the books, reports, statements and all other documents required by law are properly kept, exhibit at all reasonable times, upon application by any Director, the bylaws and minutes of the proceedings of the Fund and, in general, perform all duties incident to the office of the Secretary and any other duties as directed by the President or Executive Committee.

 

  • >Treasurer: The Treasurer shall have charge and custody of, and be responsible for, all funds and securities of the Fund and deposit all such funds in the name of the Fund. The Treasurer shall keep and maintain adequate and correct accounts of the Fund’s properties and business transactions, including account of its assets, liabilities, receipts, disbursements, gains, losses, capital and surplus and, upon request, exhibit the above to any Director during business hours at the office of the Fund where the records are kept. The Treasurer shall also render statements and reports as set forth in the Operations Manual and, in general, perform all duties incident to the office of Treasurer and any other duties as from time to time may be assigned by the President or Executive Committee.