At each of such meetings it shall consider and act upon the names of candidates proposed for membership. Section 5. The Board of Managers shall each year appoint committees to take charge of the annual gathering of the Association at Lake George.

ARTICLE IIL President. The President shall preside at all meetings of the Association and of the Board of Trustees, and perform such other duties as may be delegated to him by the Association or the Board of Trustees. He shall be ex-officio a member of all committees.

ARTICLE IV. Vice-Presidents. The Vice-Presidents shall be denominated First, Second, and Third Vice-Presidents. In the absence of the President his duties shall devolve upon the senior Vice-President present.

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ARTICLE V. Treasurer. Section i. The Treasurer shall have charge of all the funds of the Association. He shall keep accurate books of account, which shall at all times be open to the inspection of the Board of Trustees. He shall present a full and comprehensive statement of the Association's financial condition, its receipts and expenditures, at each annual meeting, and shall present a brief statement to the Board of Trustees at each meeting. He shall pay out money only on the approval of the majority of the Executive Committee, or on the resolution of the Board of Trustees. Section 2. Before assuming the duties of his office, the Treasurer-elect shall with a surety to be approved by the Board execute to the Association his bond m the sum of one thousand dollars, conditioned for the faithful performance of his duties as Treasurer. Section 3. The President shall, thirty days prior to the annual meeting of the Association, appoint two members of the Association who shall examine the books and vouchers of the Treasurer and audit his accounts, and present their report to the Association at its annual meeting.