Other Managers. In lieu of or in addition to appointing a Chief Manager and a Treasurer, the Board of Governors may appoint, in a resolution approved by the affirmative vote of a majority of the governors present, any other Vice Presidents, managers, assistant managers or agents the Board of Governors deems necessary or appropriate for the operation and management of the limited liability company, each of whom shall have the powers, rights, duties, responsibilities and terms in office determined by the Board of Governors from time to time. A President, if elected in lieu of a Chief Manager, shall exercise the functions of the Chief Manager; a Vice President, if elected, shall succeed to the functions of the Chief Manager or President in his or her absence or disability; and a Secretary, if elected, shall maintain records and, with the Chief Manager, certify proceedings of the Board of Governors and the members. If specific persons have not been elected as President or Secretary, the Chief Manager may execute instruments or documents in those capacities.
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Sources: Operating Agreement (BMCT Equipment Company, L.L.C.)
Other Managers. In lieu of or in addition to appointing a Chief Manager and a Treasurer, the Board of Governors may appoint, in a resolution approved by the affirmative vote of a majority of the governors present, any other Vice Presidents, managers, assistant managers or agents the Board of Governors deems necessary or appropriate for the operation and management of the limited liability company, each of whom shall have the powers, rights, duties, responsibilities and terms in office determined by the Board of Governors from time to time. A President, if elected in lieu of a Chief Manager, shall exercise the functions of the Chief Manager; a Vice President, if elected, shall succeed to the functions of the Chief Manager or President in his or her absence or disability; and a Secretary, if elected, shall maintain records and, with the Chief Manager, certify proceedings of the Board of Governors and the members. If specific persons have not been elected as President or Secretary, the Chief Manager may execute instruments or documents in those capacities.
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