Section 4. The Board of Directors shall have the following authority:
g. The Treasurer shall make, or cause to be made, a report of financial condition at each meeting of the members. Such report shall include, but is not limited to: dues income, investment income, an itemized listing of expenses, listing of investments, balance of funds, and net worth.
h. Maintain a Bond sufficient to indemnify the Association and its elected officials in an amount of not less than one million dollars.
i. Appoint ad hoc or standing committees as needed.
j. All meetings of the Board shall be open to all members, but members other than Directors may not participate in any discussion or deliberation unless expressly authorized by the Board.
k. The Board may adjourn a meeting and reconvene in executive session to discuss and vote upon personnel matters, litigation in which the Association is or may become involved, and orders of business of a similar nature. The nature of any and all business considered in executive session shall first be announced in open session.