West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1906-09-06
BYLAWS.
The Farmers Union Association an.
Fire Insurance Company For
Preston County.

1. The Farmers Union Associa
ton of Fire Insurance is organized
for the purpose Of doing a Fire In
surance business in Preston County,
West Virginia, and its officers shall
consist of President, Vice Presi-
dent, Secretary, Treasurer, and a
Board of Directors composed of six
of the Stockholders Of the Company.
a. The Board of Directors Of
said Association shall be elected at
the first meeting of the Company
and thereafter annually on the first
Saturday Of December of each year.
and shall be chosen from the stock.
holders of said Company.
And Immediately after their cleo.
ton shall proceed to elect the
President, Vice President, Secre-
tary and Treasurer, who shall like.
wise be members of said Company.
8. The Office OF this Company
shall be at Bruceton, Preston county.
West Virginia, and this charter is
taken for a period of fifty years. It
shall be the duty of the President
to preside at all meetings of the
Board of Directors and to sign all
policies, bills and orders, etc, when
ordered so to do by majority OF
the Board of Directors and to exer-
else a general supervision and shall
have the casting vote in case of
a tie.
q. 1t shall be the duty of the
Secretary to keep a true record of
all the proceedings of the Board of
Directors and take charge of all
the books and papers belonging to
the Company and together with
the President, sign all policies and
orders upon the Treasurer, and do
and perform all other duties per-
tanning to the office of Secretary
faithfully and diligently.
S. 1t shall be the duty of the
Treasurer to collect all the moneys
due the Company from all sources,
including all pro rata assessments
that may be made by the Board OF
Directors, membership fees, etc.
All moneys paid out by him shall
be paid upon orders upon tn,
Treasurer signed by the President
and Secretary. The Treasurer shall
keep a true account of the finance.
OF the Company in book kept fol
that purpose, and shall keep an ac
count in one of the Banks in thi.
county as Treasurer of this Com
pany, in which he shall deposit The
moneys of said Company. Before
assuming the duties of his office,
however, he shall be required to
give bond to said Company, with
approved sureties in the paymen
of $4,000, conditioned upon the
faithful and honest performance oil
his duties as Treasurer, and shall
keep his book open for inspection
at all times to tine Board of Direc-
tors, and shall at the expiration oil
his term of Office exhibit to the
Board of Directors a true and item.
lied statement OF all moneys re.
ceived and discussed by him, and
for his services shall receive salary
of S25 per year.
6. 1t shall be the duty of the
Vice President in the absence OF
the President to do and perform
all the duties of office of President.
7. 1t shall be the duty of the
Board of Directors to see that all
the business of the Company is car
RED on In conformity with the laws
Of the State of West Virginia gov.
erning Mutual Fire Insurance Com.
panies and with the By Laws of this
Company, and shall have the right
to accept or reject all applications
for membership, and no policy OF
insurance shall be issued or become
valid until it has been passed upon
by the Board of Directors and &C.
cePted by them.
8. All persons insuring .n this
Association shall pay a membership
fee of $3.50 and the amour. Of the
Recorders fee Of fifty cents for re.
cording the bond and policy as pro-
vided in Sec. n, Chap. S.. Code
of West Virginia, to the Treasurer
Of said Company, and on receip, OF
the same it shall be the duty Of the
Treasurer to forward said bond 20
the clerk Of County Court for re-.
cordation, and take receip, from
him for the same.
9. All Of said bonds or premium
notes to said Company shall bear
interest at the rate Of 100 Of Z per
cent per annum, which shall be col.
lected by the Treasurer and 20 to
the credit Of said Company
TO. The Board Of Director
through its officers may employ
agents to solicits insurance, bat no
policies shall be granted on any