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Executive Director

Section 6.1 Appointment, Powers and Duties
The Board of Directors may appoint a person to exercise all of the powers and perform all of the duties set forth in this Article and shall designate such  person so appointed as the Executive Director. Unless the Board of Directors otherwise provides, the Executive Director shall be the chief executive officer of the Corporation and shall have such general executive powers and duties of supervision and management as are usually vested in the office of the chief executive officer of a corporation, including carrying into effect all directions and resolutions of the Board of Directors. The Executive Director may execute all bonds, notes, debentures, mortgages, and other contracts requiring a seal, under the seal of the Corporation, may cause the seal to be affixed thereto, and may execute all other contracts and instruments for and in the name of  the Corporation. The Executive Director shall direct the day-to-day affairs of the Corporation including supervising all employees of the Corporation,  reporting to the Board of Directors any violation of the rules and regulations (if any), collecting any charges or fees, and keeping records in the form prescribed from time to time by the Board of Directors and reporting thereon whenever so requested by the Board of Directors. The Executive Director shall be directly responsible to the Board of Directors and shall report directly to the Board of Directors.

Section 6.2 Budgets and Reports
The Executive Director shall cause to be prepared and shall submit to the  Board of Directors for its approval an annual budget and all supplements thereto for each fiscal year. The Executive Director shall submit to the Board  of Directors at its annual meeting a report summarizing the operations and  affairs of the Corporation and its activities during the preceding year and  setting forth the plans, programs or projects for future development, with such suggestions and recommendations as such officer shall deem appropriate. The Executive Director shall also make such reports to the Board of Directors as may be appropriate, or which may be required by these Bylaws, or by the Board of Directors.

Section 6.3 Agents and Employees
The Executive Director shall have the power to employ, remove and suspend all agents and employees not elected or appointed by the Board of Directors, to determine the duties and responsibilities of such persons, to create such titles for such persons as such officer may deem desirable to enable them to execute their duties and responsibilities, and to fix and change the  compensation of such persons.

Section 6.4 Participation at Board and Committee Meetings
The Executive Director (if not a Director) may be invited to participate in any meeting of the Board of Directors and any committee thereof, whether or not a member thereof; provided, however, that the Executive Director shall not be entitled to vote at, and shall not be counted for purposes of determining  whether a quorum is present at, any meeting of (i) the Board of Directors, if the Executive Director is not a Director, or (ii) a committee, if the Executive Director is not a member of such committee.

Section 6.5 Further Duties and Authority
The Executive Director shall have such other or further duties and authority as may be prescribed elsewhere in these Bylaws or the rules and regulations (if any) or from time to time by the Board of Directors.

Section 6.6 Absence
In the event of the death or during the absence, incapacity, or inability or refusal to act of the Executive Director, the Board of Directors shall designate some other person to exercise, and in the absence of such designation the Chairman may exercise, all of the powers and perform all of the duties of the Executive Director.

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