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<br />(5) Shall have charge and custody of and be responsible <br />for all funds and securities of the CORPORATION. <br /> <br />(6) Shall be bonded for the faithful discharge of his <br />duties with such surety or sureties and in such sum as <br />the BOARD shall determine by resolution, but in no event <br />shall the amount of such bond be less than an amount <br />equal to the sums which the Secretary-Treasurer has <br />access to and the ability to convert during a twelve <br />(12) month period of time. The Secretary-Treasurer <br />shall have charge and custody of and be responsible for <br />all funds and securities of the CORPORATION. <br /> <br />(7) Shall receive and give receipts for money due and <br />payable to the CORPORATION from any source whatsoever, <br />and shall deposit all such moneys in the name of the <br />CORPORATION in the CITY's Depository Bank. <br /> <br />(8) Shall, in general, perform all duties incident to <br />that office, and such other duties as from time to time <br />may be assigned to him by the President or the BOARD. <br /> <br />D. The Assistant Secretaries-Treasurers, if any, shall in <br />general, perform such duties as may be assigned to them by <br />the Secretary-Treasurer, or by the President or the BOARD. <br /> <br />6.05 Removal From Office <br /> <br />Any officer elected by the <br />three-fourths (3/4) vote of the <br />BOARD whenever in its judgment <br />CORPORATION will be served. <br /> <br />BOARD may be removed <br />entire membership of <br />the best interests of <br /> <br />by <br />the <br />the <br /> <br />6.06 Ex-officio "Members" <br /> <br />The Mayor, the City Manager, the Lamar County Judge, the <br />President of the Paris Central Labor Council, the President <br />of Paris Junior College, the President of the Lamar County <br />Chamber of Commerce, or their designees may attend all <br />meetings of the BOARD as ex-officio "members". These <br />representatives shall not have the power to vote in the <br />meetings they attend. Their attendance shall be for the <br />purpose of insuring that information about the meetings is <br />accurately communicated to the organizations they represent. <br /> <br />6.07 Other "Members" <br /> <br />The CORPORATION may have no members; nevertheless, the <br />CORPORATION may use the word "members" or "participants" to <br />designate those persons having privileges and status as the <br /> <br />PARIS ECONOMIC DEVELOPMENT CORP. BYLAWS - page 10 <br />