The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1904-07-29

alton, on any one of whom service of
legal process shall be deemed to be
legal service upon the corporation, and
said officers shall be residents of Homo
lulu, Territory Of Hawaii. The names
and residences of ALI officers of he
corporation shall always be kept noti-
fed to the Treasurer of the Territory
of Hawaii. and a copy of all rules,
regulations and bylaws and all amend
fnents thereof shall be filed with the
Treasurer within fourteen days after
their adoption.
"And provided further" the charter
reads, that no power is granted by
these presents for the said corporation
to have or to issue shares of capital
stock
THE BYLAWS
An elaborate code for government of
the Society is provided in the bylaws.
The officers shall be a president, a
ce-president, a secretary, a treasurer
and at least seven members as a board
of trustees, these eleven officers con-
stituting the board of directors. Be-
sides provision is made for a mana
ger, an attorney and agents, these last
having the capacity of instructors to
new members. The manager dominates
the agents and acts by direction CT the
board of directors.
Officers shall serve for one year and
it shall be within the power of the
board of directors to fix such salaries
for the officers as they may decide to
pay. Nomination and election of Off
GERS take place at the annual meet
ing in July.
The directors must meet once a
month, while the trustees are required
to meet at least once every week and
as often as required for such business
as shall come before the board.
All legal documents shall be signed
by the president, secretary and treas
| urer, who shall act jointly as the ex-
ecutive officers of the Society
Officers may resign in writing or be
removed for good cause by a majority
of members at any regular meeting or
a special meeting called for the purpose
No officer resigning can vacate his Of
flee until his successor is elected
The directors can bind the society
to any act only by a two-thirds vote
of the board They shall not accept
any security and lend the Society's
funds thereon, except by the consent of
two-thirds vote of the board. When
III the judgment or the board of direc
tors it is deemed advisable, they may
borrow money temporarily to facilitate
loans. in such manner as they may
from time to time determine.
ANY person who has made an APP
| plication for one or more contracts on
which the application fee has been paid,
! having signed the bylaws and obIigat-
ed himself or herself by them and such
other rules and regulations as may be
adopted, shall be a member. if approx
| ed and accepted at the Home office"
! Contracts of minors shall be held in
the name of guardian or trustee.
The benefits accruing to the contract
/ holders shall begin in their numerical
| order after the fulfillment of like con-
tracts of lower numbers, and accord
| ing to the plan of cooperation as set
forth in the cooperative contracts of
the Society of the different series.
| Provision is made for issuing new Sc
ries of contracts, but nothing in this
/ article shall be construed to alter any
/ of the COOPERATIVE Contracts Series
| "A heretofore Issued by the Corpora
| tive Home Purchasing Society,"