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vacancy is� the otf�ce of a directar shall occur. Va�ancies in these <br />offices s�all t�e fifled i�y tl�e Co�mission for the unexpired portion Qf <br />t�e term _ <br />Sectian 3. The three of#icers s�all a!I be members a� �he execu- <br />tive cornmittee. <br />5ection 4. The cl�air'man s�ali preside at all me�tings o� the <br />Corr�mission and the executive cammittee. The �ice-c�airman sf�ali ac� <br />as chairman in the absence of the chairman. <br />5ectian 5. The secretary-treasurer shafl be responsibfe for <br />keepir�g a record of all af the proceeclings of the Commission and <br />�xerutive comrnittee, for custody of all funds, for the keeping o� all <br />financial records o� the Comsnission and for such other matters as <br />s1�alE be delegated by the Commissian. Ti�e se�re�ary-treasurer shall <br />post a fidelity band or o�her insurance agair�st loss of Corr�rnission <br />f�r�ds in an amoun� approved by tf�e Ca�missian, at the expense of <br />the Comrnissian. Said fidelity bond ar other insurance shail cover al1 <br />persans authorized to handle funds of the Commission. <br />Section f. The Comt�nission may appoint such other° afficers as it <br />cfeems necessary. All such affic�rs shall be appointed frnrn the <br />memb�rs�ip of the Com�nissioi�. <br />year. <br />XI. FINAf�CIAL MATT�RS <br />Section �. The fiscal year nf the Cammission is the calendar <br />8 <br />� <br />