The documentation of CREATE/ALTER ROLE has been missing two things
related to PASSWORD:
- The password value provided needs to be quoted, some places of the
documentation marked the field with quotes, but not others, which led to
confusion.
- PASSWORD NULL was not provided consistently, with ENCRYPTED being not
compatible with it.

Reported-by: Steven Winfield
Author: Michael Paquier
Reviewed-by: David G. Johnston
Discussion: https://postgr.es/m/154282901979.1316.7418475422120496802@wrigleys.postgresql.org