Sec. 12-805. Officers of the corporation.
Sec. 12-805. Officers of the corporation. (a) The board shall appoint officers of
the corporation, which shall include a president, a secretary, and such other officers as
the board may approve. Such officers shall not be members of the board, shall serve at
the pleasure of the board and shall receive such compensation as shall be determined
by the board. The president and secretary shall not be the same person. The president
shall be the chief executive officer of the corporation. The president shall have the
general charge, supervision and control of the operation and management of business
and affairs of the corporation subject to the direction of the board of directors. The
president shall have such other powers and duties as are generally incident to the office
of the president and as may be assigned by the board of directors. The president shall
not be a state employee. The president shall attend all meetings of the board. The secretary shall keep a true, faithful and correct record of all proceedings and maintain and
be custodian of all books, documents and papers filed with the corporation and of the
book of minutes of the corporation and of its official seal. The secretary may cause
copies to be made of all minutes and other records and documents of the corporation
and may give certificates under the official seal of the corporation to the effect that such
copies are true copies, and all persons dealing with the corporation may rely upon such
certificates. The president or his designee may serve as a member of such other boards or
committees as may be necessary or desirable to carry out the purposes of the corporation.
(b) The president shall take all such action as to the operation and management of
the corporation as he in his discretion deems advisable in order to enhance the monetary
value of the corporation and the lottery.
(P.A. 96-212, S. 6, 32.)
History: P.A. 96-212 effective June 4, 1996.