POWERS AND DUTIES OF BOARD OF DIRECTORS
43-301. Election of officers. On the first Tuesday of January next following their election, the board of directors shall meet and organize as a board, elect a president from their number and appoint a secretary and treasurer, who shall each hold office during the pleasure of the board. At any regular or special meeting the board of directors may appoint an assistant secretary or an assistant treasurer, or both, and fix the duties, the length of term, and the amount of bond, of each of them.
[(43-301) 1903, p. 150, part of sec. 12; am. 1907, p. 484, sec. 1, part of subd. 12; reen. R.C., sec. 2385; am. 1911, ch. 154, sec. 7, p. 461; am. 1915, ch. 86, sec. 1, p. 203; reen. C.L., sec. 2385; C.S., sec. 4343; I.C.A., sec. 42-301; am. 1933, ch. 33, sec. 1, p. 44.]