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The announcement was made in a letter read Saturday at the NRA convention in Indianapolis, confirmed NRA officials at CNN.
North said in the letter that he hoped that he would be renamed for a second term but "I am now informed that this will not happen", according to a video of the letter being read. A vote was scheduled Sunday to choose the president.
According to the newspaper, North told the board that he was forming a crisis committee to review the organization's finances and told the executive committee that LaPierre had billed more than $ 200,000. from purchasing cabinets to a supplier.
The dispute between LaPierre and North originated in part from a dispute between NRA and subcontractor Ackerman McQueen Inc., an advertising agency that operates NRATV, its online media service. This culminated in a lawsuit filed earlier this month by the NRA.
As part of the lawsuit, the NRA asserted that Ackerman McQueen had not justified his billing with registrations, according to the newspaper. Ackerman McQueen called the lawsuit "frivolous" and "inaccurate," the newspaper reported.
In his letter this week, LaPierre wrote that North had called his office to let him know that Ackerman McQueen Inc., unless he resigned, was prepared to publish a detrimental letter to the board of directors of the company. NRA, the newspaper reported.
"I believe that the purpose of the letter was to humiliate, to discredit our association and to reveal appearances of irregularities that harmed our members and the second amendment," wrote LaPierre. "The letter would contain a devastating account of our financial situation, charges of sexual harassment against a staff member, charges for wardrobe costs and excessive travel expenses for staff."
The quarrel between the two high-level Conservatives took place in the middle of the annual meeting of the NRA in Indianapolis. The 76 members of the NRA board were scheduled to meet on Monday.
The NRA presidency was previously a ceremonial post, but the New York Times reported that North had asked for the post to be paid.
Contributions to the NRA are lagging behind, the Times reported, and the organization faces an increasingly better-funded opposition movement as a result of several mass shootings.
Kate Sullivan from CNN contributed to this report.
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