A. Corporate officers may be elected or appointed by the board of directors, by the membership, by a nomination selection process of both the board of directors and the membership, or by any other process or combination of the above as the charter may set forth or as may be provided in the rules and regulations.

B. No term of office shall exceed four years. Unless the charter so provides, indefinite terms conditioning tenure in office upon the continued confidence or pleasure of the board of directors and/or membership shall not be allowed.

C. The charter or the rules and regulations shall require that any official responsible for accounts and finances shall file a fidelity bond in an amount determined by the public corporation before taking office, and may hold the corporate office only as long as such a bond continues in effect. (Ord. 1016-84 § .240, 1984.)