The weekly Oskaloosa herald. [volume] (Oskaloosa, Iowa) 1855-1885, 1872-07-18


in, less his portion of losses, liabilities and
all fines standing against him, and fiom the
time of such forfeiture such shareholder shall
cease TO be a member of this Association.
Sec. 2 The Secretary, for neglecting to at
tend the meetings of the Directors or Share
holders, may be fined one dollar for each de-
fault except in case of sickness; and for neg
Letting or refusing to furnish the Association
at its annual meeting detailed statement of
the finances he shall pay penalty OF five
dollars.
ARTICLE x."-Transfers. y
Any member wishing to transfer his nre-
deemed shares may do so personally OF by
attorney, in the presence of the SecrearU
and such transfer shall be endorsed on the
certificate of stock of such member. The
charge for each transfer, without regard to
the number of shares transferred at one ime
shall be twenty five cents, which amount sail
be paid to the Association. All transfers of
stock shall be reported at the monthly met
ing next after they are made and shall be IN
| tered on the Minute book; PROVIDED, how:
ever, that no share shall be sold or trans
ferred while any debt, dues, or any penalty
against the owner thereof shall remain Ut
paid. B
ARTICLE N...Orders.
No orders shall be drawn on the Treasure,
until so ordered by the Board of Director
and all orders on the Treasurer shall 4
signed by the President and Secretary q
ARTICLE xII....Duties of Officer T"o
Sec. l. 1t shall be the duty Of t :" vi
dent to preside at all meetings Of this : unde
alton, and at all meetings of the Board -,
rectors. and to preserve order therein -
sign all orders on the Treasurer for th1 pay
ment of money, and to perform all other du-
ties usually appertaining to the office Of Pres
ident in similar associations. In the absence
of the President or in case of his inability to
act from any cause, the Vice President shall
perform all his duties.
Sec. 2 1t shall be the duty of the Treas
urer to keep an accurate account OF all mon
| les paid into the Association. and to pay al
orders regularly drawn him by order of the
Board of Directors. For the faithful perfor
nance of his duties he shall give security to
an amount not less than twenty-five hundred
dollars in such manner as may be satisfactory
to the Board of Directors.
Sec. 3. 1t shall be the duty of the Direc
tors to meet monthly at such time and place
within said Mahaska county as they shall APP
point, to examine into the sufficiency Of Tho
securities for loans, and to exercise genera
supervision over the affairs of the Association
Sec 4. Any Director refusing or neglect
ing to attend the meetings of the Board fol-
three months in succession, except by permits
sion Of the Board of Directors, shall cease t,
be Director.
| Sec. 5. 1t shall be the duty Of the Auditors
to audit the accounts of the Association anC
report in writing at the annual meeting o
the Association on the first Monday Of Octo
! Der in each year.
Sec. 6. 1t shall be the duty of the Secre
tary to keep accurate minutes of the proceed
ings of the Association and of the Board O
Directors. He shall keep accurate accounts
with all the shareholders, and attest all orders
drawn upon upon the Treasurer by order O.
| the Board of Directors. he shall notify the
shareholders of the annual meeting by notice
published in some newspaper published il
the city of Oskaloosa and having genera
circulation in Mahaska county, at least one
week previous to such meeting. He shall
have in charge all the books and papers O
the Association, and shall be prepared at al
times to inform shareholders in relation tt
| the financial concerns of the Association.
| Sec. Z. The Secretary shall be and il
hereby empowered to receive monthly dues
and it is hereby made his duty Sc. to do; and
he shall pay all money so received to the
| Treasurer. For the faithful performance Of
his duties the Secretary shall give security
satisfactory to the Board of Directors to al
amount not less than two thousand dollars
| ARTICLE Xlll.--.Vacapeies.
Vacancies occurring by the death, removal
or resignation of any officer shall be filled
| by the Board of Directors.
ARTICLE XIV.
Shareholders paying in advance Tor any
| number OF months may remain IN arrears ~
corresponding period wftnout lncurrlns
| fines.
ARTICLE XIV.
| In all cases in these Bylaws where thu
pronoun "he" or "him" is used it shall be s.
construed as to include like pronoun in an.
other gender or number when the circum
stances may require 1t.
ARTICLE xvl...Meetings, Elections, Quorum
Sec l. At the annual meeting of the AS
ISOLATION, twenty-five shareholders shall con
stitute a quorum. At all other meetings on
hundred 400 shares shall constitute quo
rum. A majority of all votes cast shall b
necessary to an election.
Sec. g At the election of officers, tn
members present shall appoint three OF thel
number to act as Judges Of the election. Vot
ing shall be by ballot unless otherwise order
ed by the meeting, with the name of the can
didate written or printed on the inside an
the number of shares held by the voter, o.
the outside of the ballot.
Sec g. The monthly meetings for tn
collection of dues and disposal of loans sha
be held on the first Monday of each month.
! ARTICLE Naturalization and Amendment.
These Bylaws may be altered or amend
ed by vote of at least two-thirds of all tn
shares and also two-thirds of all the member
present when the vote is taken; PROVIDED
notice in writing shall have been given at tn
previous regular meeting of the Association
of such proposed amendment. But no alters
ton shall be made lessening in any way tn
; pecuniary interest Of any me Der in tn
funds or property of the Association, agains
his will.
ID. A. HURST,
Nj. WILSON,
ID. I'll. LESUER,
| TT H,r,r