The officers of the District shall be chairman of the Board and president, vice president and secretary-treasurer and such other officers as the Board of Directors may appoint or elect. All officers shall be elected a the first meeting of the Board of Directors held on the second Wednesday of each and every January by the members of the Board of Directors and shall serve for one (1) year. When the duties do not conflict, one person may hold more than one of these offices:

1. President and Chairman of the Board. The Board of Directors shall, at the meeting of the District, elect one of its members to act as president and chairman of the Board; the president and chairman of the Board shall preside over all meetings of the said District and the directors.
   
   The president (and/or the General Manager) shall sign all contracts and other instruments in writing which shall have first been approved by the Board of Directors, and shall have the right to draw checks upon the treasury when thereto directed by the Board of Directors, and countersigned by the secretary-treasurer, or vice president.
    
2. Vice President. In the case of absence of the president, or his inability to act, the vice president shall act as president and chairman of the Board, provided however that the vice president may countersign checks in the absence of either the treasurer or president.
    
3. Secretary-Treasurer. The secretary-treasurer shall keep a full and complete record of the proceedings of the Board of Directors and of all regular and special meetings held thereby; shall keep the seal of the District and affix the same to papers and instruments as may be required in the regular scope of business; shall make service of such notices and agendas as may be necessary or proper; shall supervise and control the keeping of the books and accounts of the District; shall attest all contracts signed by the president; and shall discharge such
   other duties as pertain to the office or as are prescribed by the Board of Directors.
   
   The secretary-treasurer shall also supervise the receipt and safe keeping of all funds of the District and deposit the same in such bank or banks as may be designated by the Board of Directors. Except as otherwise provided herein, such funds shall be paid out only on the check of the Virgin Valley Water District upon two signatures which shall be any two of the three officers, to-wit: the president, the vice president and the secretary-treasurer. Amounts less than twenty-five thousand dollars ($25,000.00 may be paid out on the check of the Virgin Valley Water District upon the signatures of the duly appointed General Manager and Office Manager.
   
   The secretary-treasurer shall also supervise the distribution of the funds of the District as may be ordered by the Board, taking proper vouchers for such disbursements, and shall render to the president and directors at the regular meetings of the Board, or whenever they may require it, an account of all transactions and of the general financial condition of the District.
   
   The secretary-treasurer shall give the District a bond in a sum fixed by the Board of Directors and with one or more sureties satisfactory to the Board or by a corporate surety, for the faithful performance of the duties of his or her office, and for a restoration to the District in case of his or her death, resignation, retirement, or removal from office of all books, papers, vouchers, money and other property of whatever kind in his or her possession or under his or her control belonging to the District. The secretary-treasurer mayor may not be a member of the Board.
    
4. Absence of Officers. In case of the absence of any officer of the District or for any other reason that the Board may deem sufficient, the Board may delegate, for the time being, the powers or duties, or any of them of such officer to any other officer, or director, provided a majority of the entire Board concur therein.