Sec. 5. The affairs of such association shall be managed by not less than 5, nor more than 9 trustees to be chosen by the members thereof and to hold office for 1 year and until their successors shall be chosen; a treasurer shall be appointed from the number of trustees, and the other regular officers shall be members of the association. A majority of the trustees shall be a quorum to transact business, and they may adopt such by-laws not repugnant to this act or to such articles of association as they may see fit and change the same at pleasure. History: 1857, Act 188, Imd. Eff. Feb. 17, 1857 ;-- CL 1857, 1792 ;-- CL 1871, 2799 ;-- How. 3928 ;-- CL 1897, 7427 ;-- CL 1915, 9799 ;-- CL 1929, 10266 ;-- CL 1948, 454.5
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