The La Jara chronicle., 1906-07-13

| The fiscal year shall begin on the frs,
day of August and end ON the thirty first
day of July of the calender year following.
section seven of article four. of the by
Laws. amended to read follows:
The Secretary shall call "a special stock
holders meeting to lie held at the time of
the meeting of the Board of Directors ON
the first Monday of July in each year. for
the purpose of nominating candidntes for
Directors to he voted for at the annual
stockholders meeting held the first
Monday in August of each year.
1t is also proposed to omit all of section
two of article seven of the BY Laws.
section three of article seven. of the BY
Laws. amended to read follows:
Section =
The Secretary for non-attcndance upon
the meetings of the Board of Directors or
stockholders, shall bc fined one dollar. aud
for ncgiecting or refusing to render state
Gncnt of the operations of the Corporation
As required by article four. of the BY Laws.
shall lie fined fl We dollars at the option of
the Board of Directors.
It is also proposed to omit all of section
three of article ten. of the BY Laws:
Section one of article eleven. of the By
Laws. amended to read as follows:
At the regular meeting in July Tor an
adjourned meeting thereof the Board Of
Directors shall appoint three auditors. to
lie selected from the Stockholders, not
uffcers of the Corporation, whose duty il
shall lie to audit the books of the Secretary
and Treasurer as soon as the business of
the fiscal year ending July 3ist can be
closed up.
said auditing committee must submit
their report at the annual meeting of the
Board OF Directors held on the last business
day of July of said year.
Section two of article eleven. of the BY
Laws. amended to read as follows:
At the regular meeting in July Tor at an
adjourned meeting thereof the Board Of
Directors shall appoint committee of
three stockholders to apportion the earn
ings among the stockholders for the fiscal
year ending July 3ist, as soon as the bust
ness of the year can bc closed up.
said apportionncnt committee must
submit their report at the annual meeting
nf the Board OF Directors held ON the last
business day of July of said year.
Section three of article eleven. of the BY
Laws, amended to read as follows;
Either of the committees provided for in
this article shall have the power to employ
% competent person to assist them in the
preparation of their report at an expense
not TO exceed fifty cents an hour for the
services of said assistant.
Provided that u majority of the Board Of
Directors present at said meeting approve
of this action by either or both of said com
uiittccs.
section one of article fourteen, of the by
Laws. amended to read ns follows:
All persons paying six months dues or
over in advance to the Association shall
Ice entitled to receive interest at the rate of
three per cent. per annum for money 50
paid provided TINT i'm the opinion of u
majority of the whole Board of Directors
the money So ud vauCcd would lie "A benefit
TO the Association.
section two OF article fourteen, uf the By
Laws. amended to read as follows:
Under no circumstances will any dues on
stock sold be received for period extend
ing beyond the end of the fiscal year.
section one OF article nineteen, of the By
Laws. amended to read as follows:
The President shall appoint an apprnising
committee to consist of three members of
the Board of Directors. for the term of three
months. or until their successors shall have
been duly appointed. whose duty it shall
be to appraisc the securities offered. The
Board OF Directors by "a majority vote may
reject the appraisers report of any and all
loans
Signed: Leroy Wilson, II. l.. Van Necli-
ten, Luther y. Norland. Clifton H. Wilder,
l.. ID. Eskridgc, :. +. Ncwconb +. ;. John
son, ID. L. Newcomb. J. White johnson.
Thos. NcCunniff.
You are earnestly requested to be present
or send your proxy. {. II. WILDER,
Secretary.