1. Immediately upon their election and qualification following the organization election the board of directors shall meet and organize, elect a president and a vice president, and appoint a secretary and a treasurer.
2. On the first Monday in May next following their election thereafter, the board of directors shall meet and organize, elect a president and a vice president, and appoint a secretary and a treasurer.
[Part 9:64:1919; A 1921, 118; 1923, 289; 1927, 309; 1933, 271; 1931 NCL § 8016]