§ 70703. Governing body

• (a)
  • (1) The board of trustees is the governing body of the corporation. The board shall exercise the powers granted to the corporation.
  • (2) The board shall consist of at least 9 but not more than 19 members. A vacancy on the board shall be filled by decision of the remaining members of the board.
  • (3) The board shall adopt a seal under which all acts of the corporation shall be passed and authenticated.
• (b)
  • (1) The board shall elect officers the board considers necessary, including a treasurer, for the term and at the compensation the board decides, as provided in the bylaws.
  • (2) The treasurer shall give a bond as provided in the bylaws.
  • (3) The board may remove an officer, employee, or agent of the corporation for a cause provided in the bylaws.