§ 1701. Boards of education corporate bodies. The board of education
of each union free school district is hereby created a body corporate
and it shall, at its first meeting and at each annual meeting
thereafter, elect one of its members president. It may also, in its
discretion, elect one of its members vice president, who shall have the
power to exercise the duties of the president in case of the absence or
disability of the president. In case of vacancy in the office of
president, the vice president shall act as president until a president
shall be elected. All property which is now vested in, or shall
hereafter be transferred to the board of education of a union free
school district, for the use of schools in the district, shall be held
by them as a corporation.