The officers shall be elected by ballot, annually by and from the board of trustees at the meeting of the board held immediately after the annual meeting of the members, except that the board may at its pleasure by resolution elect subordinate officers (such as Assistant Secretary, Assistant Treasurer, Vice President) from personnel not a member of the board. If the election of officers shall not be held at such meeting, such election shall be held as soon thereafter as conveniently may be.
Each officer shall hold office until the first meeting of the board following the next succeeding annual meeting of the members or until his successors have been elected and shall have qualified. Each subordinate officer shall hold office at the pleasure of the board. Except as otherwise provided in these bylaws, the vacancy in any office shall be filled by the board for the unexpired portion of the term.
(August 31, 1965; October 21, 1965)