Section 3109 Of Article 6. Directors And Management From California Public Utilities Code >> Division 1. >> Part 4. >> Chapter 1. >> Article 6.
3109
. The directors shall elect a president, one or more vice
presidents, a secretary, a treasurer, and any other officers that may
be prescribed by the bylaws. Any two or more offices, except those
of president and secretary, may be held by the same person.
The treasurer may be a bank or any depository and, as such, shall
not be considered an officer, but a function of the board of
directors. In that case, the secretary shall perform the usual
accounting duties of the treasurer, except that the funds shall be
deposited only, as, and where authorized by the board.