Fisk, who was the club chairman until 2003 and is a member of the Eastern Counties League committee, has been appointed the position made vacant in 2011.
Meanwhile for life long Bloaters fan Smith, the Vice Presidency is the latest in a long association with the club spanning three generations.
Fisk, who is also a member of the club committee, believes the experience he's gained while involved with the Club and the League will be invaluable to younger members of the club.
'There's no substitute to experience because some of the younger lads don't have that. Quite often I've seen situations where I can step in where others would be floundering.
'[The position] is an honour. I enjoy the committee work and getting involved with things but as President you don't have the day-to-day responsibilities like a chairman, you can come in when you want.'
For life long fan Brian Smith, the Vice-Presidency is the latest in a long line of roles he and his family have accepted at the club.
Brian himself was joint secretary and treasurer for 15 years before assisting running the clubhouse and the social club.
Along with his father being involved with the club for over 30 years, Brian's son Kevin is the current joint under 18 manager.
Despite the hard work, Brian admits he didn't join the club for the accolades.
'It's nice for the club to offer [the position to me]. You don't do it for the rewards but it's nice to be appreciated.'
'Yarmouth Town has been my life. My father has been involved before me so it was born into me.
'When I was joint secretary and treasurer there there were three people running the club. I used to organise all the match-day stuff while my wife ran the canteen. You do it because it was a hobby, a passion.
'I had to think about taking the position because I'm one of those people that if I can't contribute, I don't want to be a free loader. If I can offer any help I will do.'
Speaking of the appointments, current Chairman Colin Jones said 'I personally am delighted that Arthur and Brian have accepted these positions.
'Both have shown incredible commitment and passion for the club for such a long time and they each deserve the highest recognition for that, they've dedicated their lives to this club and this is the current committee's way of saying thank you.
'Arthur continues to aid the club to this day with his involvement with the committee and Brian has Great Yarmouth Town running through his veins.
'I am sure that they are as keen as anyone to see the club return to glory and we are all determined to ensure they see that happen within the near future'