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42 <br />Section 11. The Board may purchase public liability insurance and such other security bonds <br />and insurance as it may deem necessary. <br />Section 12. The Board may, on behalf of the Authority or on behalf of a number of member <br />governmental units or nonmember governmental units, or both, enter into contracts, at the request of <br />such units, with public utilities within or without the state for the purchase and delivery of utility <br />products and services for those governmental units. <br />Section 13. The Board may exercise any other power necessary and convenient to the <br />implementation of the powers and duties given to it by this Agreement. <br />IX. OFFICERS <br />Section 1. The officers of the Board are a chair, a vice -chair, and a secretary -treasurer <br />elected by the Board for a term of one year and until their respective successors are elected and <br />qualify, at the annual meeting. New officers take office at the adjournment of the annual meeting at <br />which they were elected. An officer must be a duly qualified and appointed director. A director <br />from a temporary member may not be an officer. <br />Section 2. A vacancy in the office of chair, vice -chair, or secretary -treasurer occurs for any <br />of the reasons for which a vacancy in the office of director occurs. Vacancies in these offices and <br />filled by the Board for the unexpired portion of the term. <br />Section 3. The chair presides at meetings of the Board. The vice -chair acts as chairman in <br />the absence, disqualification or disability of the chairman. <br />Section 4. The secretary -treasurer or its designee is responsible for keeping a record of the <br />proceedings of the Board, for custody of funds, for keeping of financial records of the Authority and <br />for such other duties as may be assigned to the Secretary -Treasurer by the Board. Persons may be <br />employed to perform such services under the supervision and direction of the secretary -treasurer as <br />may be authorized by the Board. The secretary -treasurer must post a fidelity bond or other insurance <br />7 <br />1099000 SU 160-3 <br />