The Board of Directors shall have no power to render the Club liable for any debt exceeding the amount of money which shall, at the time of contracting such debt, be in the treasury and not needed for the discharge of prior unfunded debts or liabilities of the Club. A decision of the Board of Directors may be overruled only by a vote of two-thirds of the members present at a meeting called for that purpose on two weeks notice. At such a meeting each member of the Board of Directors shall have one vote on the issue in question. The Board of Directors shall meet not less frequently than once a month and five members shall constitute a quorum. The President, Vice-President, Secretary, Treasurer and Captain shall take office immediately upon their election at the annual meeting and shall serve for a term of one year and until successors are duly elected.
Officers are eligible for re-election.
Vacancies in any office may be filled for the balance of the term by the Board of Directors. The President shall be the chief officer of the club and shall preside at meetings of the club and of the Board of Directors. The Vice President shall perform all duties of the president during the absence of the president. The Secretary shall issue all notices, keep a record of the meetings of other members of the club, the proceedings of the Board of Directors and of other matters concerning which a record shall at all reasonable times be open to the inspection of any senior member of the club. The Secretary shall conduct all correspondence pertaining to the office and shall have custody of the seal, if any, of the club.