Officers of every association shall include a president, vice president, secretary and treasurer, who shall be appointed annually by the board of directors. The secretary and treasurer may be nonmembers. The offices of secretary and treasurer may be combined and one individual appointed thereto. Vacancies shall be filled for the unexpired term by the board of directors in the manner provided for the original appointment of officers. The board of directors shall require the treasurer and all other officers, agents, and employees charged by the association with the responsibility for the custody of any of its funds or property to give bond with sufficient security for the faithful performance of their duties as such.

Laws 1917, c. 22, p. 68, § 16; Laws 1923, c. 181, p. 316, § 16.