(a) The board of directors shall select the officers of the corporation.
(b) There shall be:
(1) A president of the company, who shall be chosen by and from the directors;
(2) Such committees of the board of directors vested with such authority and powers as may be fixed by resolution of the board of directors or by the bylaws of the company; and
(3) Such subordinate officers of the company as may be designated by the bylaws and who may be elected or appointed as provided in the bylaws.
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