The Dakota chief. (Gann Valley, Buffalo County, S.D.) 18??-1913, 1906-07-26

transact business for the company and It's
members. and to collect ali assessments and
receive all moneys and pay same to the treas
urer and to give bond for the faithful par-
formance Of his duties as providedin in Section
-Four OF these bylaws.
SEC. 4, Tho regular annual meeting OF the
members OF this company shall be held in
Gam Valley, Bdffaio county. south Dakota.
on the first Tuesday after the first Monday OF
anuary in each year, at the hour Of one
o'clock p. 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 regal ar 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 bylaws of the company.
shall be chosen, TO hold their respective
offices for one year from the date OF such
section and qualification. and said board at
such meeting determine the amount of the
bond to be given by the secretary and treas
urer for tho ensuing year. The board OF di-
rectors shall have power to remove any
officer OF the company, by vote of two
thirds of the board. and may fill any vacancy
caused by death, resignation or otherwise. by
majority vote OF the boarl
SECS. Each member OF the beard 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 oficer.
SEC 6. 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 1oc or each policy written The direct
ors shall receive two dollars each for attend
ing the annual meeting of the company, and
two dcllars each for adtusting losses.
SEC. Z. The board OF directors shall hold a
regular annual meeting on the Tuesday next
proceeding the annual meeting OF the conn
pany. at the Office of the secretary at one
O'clock d. M. at which time they shall exam
Inc the report of the treasurer. his account
and books. Also examine the accounts and
books OF the secretary and all books and pa
pers kept by him. And said board shall aud
IL all accounts presented. not heretofore
audited or passed upon. And said board
shall meet At all other times. upon the call 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. for the payment
thereof. and shall transact such other bust
ness as may require its action.
SEC s. 1t shall be the duty OF the treas
urer TO make an annual report to the board
Of directors. at the regular annual meeting
thereof. on the TUESDAY next before the an
nnal meeting of the company. which state
ment or report shall be fully itemized and
snail show the amonnt OF ali moneys received
during the year. and shall show the amount
OF cash ON hand. Said report shall also be
read at the annusl meetlng iof the company
SEC 9. II shall be ths daby OF the pres
ident and secretary 20 adjust aad settle for
losses. pRovIDED. that the president or sasc-
rctary may reter any cIaIm against tne conn
pany TO the board Of directors for adjustment.
SEQ. 10 The compaay may insure church
buildings and furniture therein school build-