The Dakota chief. (Gann Valley, Buffalo County, S.D.) 18??-1913, 1906-08-09

transact business for the company and its
members. and To collect all assessments and
receive all moneys and pay same TO the treas
urer. and to give a bond for the faithiui per-
formahce of his duties as provided in Section
Four OF these By-Laws
SEC 4. Tho regular annual meeting OF the
members Of this company shall be held in
Gam Valley, BIffal1 county, South Dakota.
on the first Tuesday after the first Monday of
January in each year, at the hour of one
o'clock D. M. at which time and place the
board OF directors shall be elected for the
ensuing year. and such other business shall
be transacted as may be deemed for the best
interest of the company. The regular annual
meeting OF the board OF directors shall be
held Immediately after the adjournment OF
the meeting of the company. at which meet
ing the president. secretary and treasurer
as provided in the by-laws OF the company.
shall be chosen, TO hold their respective
offices for one year from the date Of such
section and qualification. aud said board AT
such meeting determine the amount OF the
bond To be given by the secretary aud treas
urer for the ensuing year. The board OF dl-
rcctors shall have power TO rcmove any
officer of the company, By vote of two
thirds of the board and may tiH any vacancy
caused by death. resignation or otherwise, by
majority vote OF the board
SECS. Each member OF the board of di-
rectors. and each officer OF the company
shall be solicitor for INSURANCE. and may
take application therefor Each application
for insurance. when properly signed, shall be
filed with the secretary. and the premium
hall also be deposited with said officer.
SEC. 8. The treasurer shall receive COM
mission of two per cent on amount handled
by him. The president shall receive 25c on
each policy written. The secretary shall re
ceive 75c on each policy written. The direct
ors shall receive two dollars each for attend
ing the annual meeting OF the company, and
two dollars each for adjusting losses
SEC. Z. The board of directors shall hold
regular annual meeting ON the Tuesday nexa
proceeding the annual meeting Of the COM
pany,at the Office OF the secretary at one
O'Clock q. M, al which time they shall exam
inc the report OF the treasurer, his account
and buoks. Also examine the accounts and
books of the secretary and all books and pa
pers kept 10y him. And said board shall aud
il all accounts presented. not heretofore
audited or passed upon. And said board
shall meet at all other time j. upon the cali OF
the president or secretary. The said board
shall provide for the payment of all losses
or claims against the company By insured
persons. shall make all assessments upon
members OF the company, ton the payment
thereof. and shall transact such other busi-
ness a. may require It's action.
SEC. (. IL shall be the duty OF the treas
urer TO make an annual report 70 the board
OF directors. at the regular annual neeting
thereof. on the Tuesday next before the an
nuai meeting OF the company. which state
ment or report shall be fully itemizpd and
shall show the amolint OF all money received
during the year. and shall show the amount
of cash ON hand. said report shall also be
real al the annusl meeting of the company.
SEC. .. 1t shall be the duty OF the pres
ident and secretary 10 adjust aud settle for
losses PROVIDED. that the president or sec
retary may reter any cialm akanlst the com
pany TO the board Of directorsfor adjustment.
SIC. 10 The company may Insure church
buildings and furniture therein, school build
Il