69. The board of directors, at its first sitting after the organization meeting or the annual meeting or during such meeting, shall choose from among the directors a president, a vice-president and a secretary.
The board of directors shall also appoint a manager whom it may choose from among the directors.
The same person may hold the offices of secretary and manager.
With the authorization of the Minister the same person may hold the offices of president and manager.
R. S. 1964, c. 293, s. 68.