Articles of Incorporation

ARTICLE IX: PRESIDENT AND SUBORDINATE OFFICERS

There shall be a President, a Secretary, and a Treasurer, and such other subordinate officers as the Board deems appropriate. The foregoing officers shall be appointed, and may be removed, by the Board, as prescribed in the Bylaws. The President shall be the Chief Executive Officer of NFA and shall have the duties prescribed in these Articles, the Bylaws and Board Resolutions.