The board shall meet annually and as often as may be deemed necessary to transact its business. It shall elect from its members a president and a vice–president and may elect a secretary and treasurer.

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Source: SDC 1939, § 27.0901; SL 1947, ch 123, § 3; SL 1955, ch 91, § 3; SDC Supp 1960, § 27.0903 (3); SL 1967, ch 101, § 3 (3); SL 1976, ch 228, § 13.