THEODORE R. MCKELDIN, GOVERNOR 631

In the event of the incapacity or absence of both the Chair-
man and Vice Chairman, the Board of Managers shall appoint
a Temporary Chairman to act in the place of the Chairman
and he shall have the power to countersign all checks in addi-
tion to his other powers and duties.

A Secretary—who shall be the custodian of all records, cor-
respondence and other documents of Chevy Chase Village and
who shall take the minutes of all meetings of the Board of
Managers and who shall otherwise perform the duties of a
Secretary.

A Treasurer—whose duties shall be the custodian of all
funds which are received to the credit of Chevy Chase Village
and who shall deposit all such funds in such banks as may be
approved by the Board of Managers and who shall pay out
such funds only in accordance with this Act as instructed by
the Board of Managers, by check duly signed by him as Treas-
urer and counter-signed by the Chairman or Vice Chairman.
He shall keep such accounts and books as directed by the
Board of Managares and shall make all necessary reports re-
quired of him by the Board of Managers under this Act and
by the laws of the State of Maryland. The Treasurer of Chevy
Chase Village shall give bond, with corporate surety to be
approved by the Board of Managers, in such amount as the
Board of Managers shall determine, conditioned upon the
faithful accounting by him for all monies which shall pass
through his hands as Treasurer and the payment over to his
successor of all such monies as remain in his hands upon the
termination of his tenure of office. The premium on the bond
shall be paid by Chevy Chase Village.

In the event of the incapacity or absence of the Treasurer,
the Board of Managers shall elect a temporary Treasurer who
shall act in the place of the Treasurer and who shall have the
power to sign all checks in addition to his other powers and
duties.

(c) The Board of Managers shall meet not less than once
each month at times and places of its choosing to transact such
business as may properly come before it. Four members of
the Board shall constitute a quorum for the transaction of
business; provided, however, that all actions involving the
election of members to the Board to fill a vacancy occurring
between annual elections, the certifying of tax rates, expendi-
ture of Village funds, except for the payment of current bills,
or the levying of special assessments on property for assessable
improvements shall require the affirmative vote of at least four
members of the Board of Managers. (Failure of the Board to
meet as herein prescribed shall not work a forfeiture of this