The Dakota chief. (Gann Valley, Buffalo County, S.D.) 18??-1913, 1906-08-02

transact business for the company and it's
members, and TO collect all assessments and
receive all moneys aud pay same to the treas
urer. and to give bond for the faithful pc N
formance of his duties as provided in Section
-Four OF these Bylaws.
SEC. A. The regular annual meeting of the
mombers OF this company shall be held In
Gam Valley. Buffalo county. South Dakota,
on the first Tuesday after the first Monday of
January In each year, at the hour Of one
o'clock u. 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 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 the 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
a majority vote OF the board
sEC.5. Each member of the board of di-
rectors, and each officer OF the company
shall be a 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. s. 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-
ccive 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.
SECT. The board of directors shall hold
regular annual meeting ON the Tuesday next
proceeding the annual meeting OF the COM
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 examiIa the accounts and
books Of the secretary a. all books and pa
pers kept by him. And said board shall aud
1t 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 busi
ness as may require It's action.
SEC. 4. 1t shall be the duty OF the treas
urer to make an annual report to the board
OF directors at the regular animal ulet.fipg
thereof. ON the Tuesday next before the an
nual meeting of the company. which state
ment or report shall be fully iternized and
shall show the arnonnt OF all moneys received
during the year, aud shall show the amount
OF cash on hand. Said report shall also be
read at the annusl meeting OF the company.
SEC. .. IL shall BE- the duty OF the pres
ident and secretary TO adjust andsettle for
losses. PROVIDED. that the president or sec
rctary may reier any claim asaiiist the eom-
pany TO the board OF directors for adjustment.
SEC. 10 The company may insure church
buildings and furniture therein. school build