The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-04-04

stockholders. Every recognized member
may attend and vote. under the following
exceptions Communities that may be rep
resented by their delegates wives who arc
represented by their husbands. and mem
hers having proxies eAa only have their
own Vote. No proxy viii - accepted.
The legality Of the actions Of the gen
eral assembly IS net Affected by the number
OF members attending. The majority rules.
The board Of directors consist of four
teen members. third of the board is
elected every year At l,as; SO the rules
say. though ] don't ses exactly how they
manAse.
The hoard OF election consists OF three
members, the chairman, director and head
controller. This board is the o,hcial head
IF the association. These ,hree are chosen
ny the board ~ ltreetors aud Under the
control q the board Of directors manage
the transactions of the association. In all
legal transactions tho corporation 81 all
'hrce members OF the board o. election is
necessary. peculiar provision is that
which makes documents r. writing signed
By the board OF election and with the
seal % the oFsoeilton Legal and public
documents without the acknowledgement or
a notary court.
The board passes on new members ana
decides their admission. Trcse th-se men
/ are the only salaried officials IN the as
| sociatlou
THE ALL-rowERFuL COMMITTEE.
Then there IS the committee o: the as
ISOLATION. which IL made up Of the yaem-
I bers o. the board Of tirect!on and the
/ tohrd OF election, all with equal voting
rights. i; requires eight members OF the
board o. direction and two members Of tho
J beard Of election 20 form a quorum Of
/ This committee The lu.ics OF ;hs COM
mit'ee arc 70 appoint tho trustees Of the
/ assoc idti0n the cashier and she officers OF
! thc ASSOCIATION; hN the rate u Omission
| for tn year; make the order ~ business
and proposals for the consid ration Of the
/ general asst mby, dN the rate Of interest
/ pad On tue mort gage certificates. provide
for the cost of administration.
/ There IS committee # audit OF 1--WE
but no member O the ooJri o. election or
bolId of direction can he on THIS commit
| &c
| Thon tcre ara trustees. one for each
! dlstiie,. Tho board az clcrgion can give
! ttese Trustees p'Ner OF attorney to act
! for th- association IA his district. There
! may be one or more trustees FOR each DIS
! tri,t,
GOVERNMENT SUPERVISION.
Tho section referring to government con
rol says. "a royal commissioner Is ap-
pointed by the government to control the
actions OF the association. lie is entitled
to take part in all meetings OF the commit
/ Tee of tho association and tn examine all
NV t,,na and ,,,,,sf ,,,..,,-,tr ~, ,h,, tss,o
| NJ ,u NORRIS. rer,tbentrs md bcris ~
( The association; he shall also attend the
general assembly, To which he should be
/ invited he mus, sec That The regulations
/ Of tbs association are oboyed and that
/ r,.,tiatin-e "
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