ARTICLE 5. Perpetual members. "Perpetual" membership is eligible to any one who leaves at least five hundred dollars to the Association and such membership on payment of said sum to the Association shall entitle the name of the deceased to be forever enrolled in the list of members as "Perpetual" with the words "In Memoriam" added thereto. Funds received therefor shall be invested by the Treasurer in interest bearing securities legal for trust funds in the District of Columbia. Only the interest shall be expended by the Association. When such funds are in the treasury the Treasurer shall be bonded. Provided: that in the event the Association becomes defunct or dissolves, then, in that event, the Treasurer shall turn over any funds held in his hands for this purpose for such uses, individuals or companies that the donor may designate at the time he makes the bequest of the donation.
SECTION II.—DUTIES OF OFFICERS
ARTICLE 1. The President shall preside at all meetings of the Association and Board of Directors, and may call meetings of the Board of Directors when he believes it to be to the best interests of the Association. He shall appoint the State Vice-presidents; the standing committees, except the Nominating Committee, and such special committees as the Association may authorize.
ARTICLE 2. Vice-president. In the absence of the President, the
Vice-president shall perform the duties of the President.
ARTICLE 3. Secretary. The Secretary shall be the active executive officer of the Association. He shall conduct the correspondence relating to the Association's interests, assist in obtaining memberships and otherwise actively forward the interests of the Association, and report to the Annual Meeting and from time to time to meetings of the Board of Directors as they may request.
ARTICLE 4. Treasurer. The Treasurer shall receive and record memberships, receive and account for all moneys of the Association and shall pay all bills approved by the President or the Secretary. He shall give such security as the Board of Directors may require or may legally be required, shall invest life memberships or other funds as the Board of Directors may direct, subject to legal restrictions and in accordance with the law, and shall submit a verified account of receipts and disbursements to the Annual meeting and such current accounts as the Board of Directors may from time to time require. Before the final business session of the Annual Meeting of the Association, the accounts of the Treasurer shall be submitted for examination to the Auditing Committee appointed by the President at the opening session of the Annual Meeting.
ARTICLE 5. The Board of Directors shall manage the affairs of the Association between meetings. Four members, including at least two elected officers, shall be considered a quorum.
SECTION III.—ELECTIONS
ARTICLE 1. The Officers shall be elected at the Annual Meeting and hold office for one year beginning immediately following the close of the Annual Meeting.
ARTICLE 2. The Nominating Committee shall present a slate of officers on the first day of the Annual Meeting and the election shall take place at the closing session. Nominations for any office may be presented from the floor at the time the slate is presented or immediately preceding the election.