RVC INVESTMENTS BYLAWS - Laserfiche WebLink

person, except that neither the secretary nor the chief financial officer may serve concurrently as either the president or the chairman of the Board. Section 5.2. Election of Officers. The officers of the corporation, except those appointed under Section 5.3 of these Bylaws, shall be chosen annually by a majority of the Board and shall serve at the pleasure of the Board. Officers must be chosen from among the Directors of the corporation. Section 5.3. Other Officers. The Board may appoint or may authorize the president, or other officer, to appoint any other officers that the corporation may require. Each officer so appointed shall have the title, hold office for the period, have the authority, and perform the duties specified in the Bylaws or determined by the Board. Section 5.4. Removal of Officers. Any officer may be removed with or without cause by the Board and also, if the officer was appointed by an officer, by the officer who appointed him or her. Section 5.5. Resignation of Officers. Any officer may resign at any time by giving written notice to the president or secretary of the corporation. The resignation shall take effect as of the date the notice is received or at any later time specified in the notice and, unless otherwise specified in the notice, the resignation need not be accepted to be effective. Any resignation shall not affect the rights, if any, of the corporation under any contract to which the officer is a party. Nor shall the resignation of any officer from the office he or she holds affect his or her position as a Director of the corporation. Section 5.6. Vacancies in Office. A vacancy in any office because of death, resignation, removal, disqualification, or any other cause shall be filled in the manner prescribed in these Bylaws for regular appointments to that office, provided, however, that vacancies may be filled as they occur. Section 5.7. Reimbursement of Expenses. The corporation shall provide reimbursement for monies expended on behalf of the corporation by its officers. Section 5.8. President. The president shall preside at meetings of the Board of Directors and shall exercise and perform such other powers and duties as may from time to time be assigned to the President by the Board of Directors or prescribed by these Bylaws. Section 5.9. Vice Presidents. If the president is absent or disabled, the vice presidents, if any, in order of their rank as fixed by the Board of Directors, or, if not -7-