Vermont § 3 - Election and duties of officers

§ 3. Election and duties of officers

• (a) At the annual meeting there shall be elected, by ballot if called for by three voters,
  a Clerk, a Treasurer, a Chief Engineer, First and Second Assistant Engineers, a Collector,
  and five trustees, who shall serve until their successors are elected. They shall
  be sworn, and the Clerk shall make a record thereof. The Clerk, Collector, and Treasurer
  shall give such bonds as shall be required by the trustees. Vacancies may be filled
  at special meetings called for that purpose. (b) The trustees shall elect one trustee to serve as President. (c) Each of the elected officers shall perform the following duties: (1) The President shall preside at all meetings and have all the powers of a moderator
  in town meetings and be an ex-officio member and presiding officer of the Board of
  Trustees. (2) The Senior Trustee shall act as President if the President is absent at the annual
  meeting or any meeting of the trustees. (3) The Clerk shall keep a record of the annual meeting and any special meetings that
  are called in accordance with the charter of the Village and also keep a record of
  all proceedings at the trustees’ meetings. (4) The Treasurer shall be custodian of all money belonging to the Village and shall pay
  all obligations of the Village that the President and at least two trustees have approved. (d) The Village shall employ an auditor who shall conduct an annual audit in accordance
  with Government Accounting Standards and Federal Energy Regulatory Commission (FERC)
  rules. (e) The trustees shall: (1) Have general charge of all affairs of the Village and shall meet at least once a month
  at the time and place as the President may designate for the meetings, and the trustees
  may hold as many additional meetings in any month as they deem advisable. (2) Shall make all contracts concerning the building of electric light lines and maintenance
  of the same. (3) Do all things necessary to maintain the electric light system that the Village owns
  in the Town of Whitingham. (4) Fix the compensation of all employees and officers of the Village. (5) Establish the rates for the electric light service that the Village furnishes, subject
  to the approval of the Public Utility Commission of the State of Vermont. (Amended 2005, No. M-15 (Adj. Sess.), § 2, eff. June 20, 2006.)