A. A corporate official shall serve for the term designated and until the official’s successor shall have been elected or appointed and qualified.

B. Any corporate official may be removed from any corporate office or position in such manner as the charter or rules and regulations pursuant thereto shall prescribe. Any position or corporate office may be abrogated or extinguished during an existing term. Upon removal from a corporate office or position or upon the abrogation or extinction thereof, such corporate official shall have no power of office, but the same shall be without prejudice to any vested contract right to compensation for services rendered or tendered. (Ord. 1016-84 § .350, 1984.)