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Section <br />7. <br />Election <br />or Appointment. <br />The president and vice <br />the city <br />or town <br />presi <br />ent shall <br />be elected <br />at the annual <br />meeting of the Commission <br />from among the commissioners of the Commission, and shall hold <br />offico for one (1) year or until their successors are elected and <br />qualified. <br />The secretary and /or assistant secretary shall be ap- <br />point d by the Commission. Any person appointed to fill the office <br />of se retary and /or assistant secretary or any vacancy therein <br />shall have such term as the Commission fixes. <br />ction 8. Vacancies. Should the office of president or <br />vice president become vacant, the Commission shall elect a succes- <br />sor from its membership at the next regular meeting, and such <br />electron shall be for the unexpired term of said office. When <br />the o fice of secretary and /or assistant secretary becomes vacant, <br />the C mmission shall appoint a successor, as provided in Section <br />6 of this Article. <br />Section 9. Additional Personnel. The Commission may from <br />time to time employ such personnel as it deems necessary to <br />exercise its powers, duties and functions as prescribed by rele- <br />vant state statutes and city ordinances. The selection and <br />compensation of such personnel shall be determined by the Commis- <br />sion slublect to the laws of the State of Indiana. <br />Section <br />10. Finances. <br />The officer or <br />officers <br />of <br />the city <br />or town <br />charged by law for <br />the performance <br />of duties <br />in <br />respect <br />to thel funds and accounts of the city or town, shall perform the <br />same *ties with respect to the funds and accounts of the Depart- <br />ment of Redevelopment except as otherwise provided for in this <br />act, <br />such officer or officers shall receive no compensation <br />-3- <br />