Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1907-01-15
ARTICLES.
ELEc:r1IoNs;..

ARTICLE 81
ELECTIONS.
SECTION l. The annual election of directors by
the Association shall be held on the third Monday Of
1 December IN each year. The secretary shall cause
be published at least thirty days before such cleo
ton, or more newspapers published in the city
OF Bismarck notice of the time and place of such
election, and shall post cospcuousy i'm his office
I list OF the members OF said Association. The presi-
dent shall appoint from the plders three
Judges Of election, and the polls shall be open from
1870 o'clock 2. until o'clock P. M.
SECTION z. No person acting Judge or officer
for holding the annual election of this Association
shall enter upon the duties OF his appointment until
he takes and subscribes an oath affirmation before
administer oaths that he will discharge the duties Of
his office with fidelity; that he will not receive
any vote but such as he really believes to be legal;
and if any such Judge or officer shall knowingly or
willfuly violate his oath or affirmation he shall be
subject to all the penalties imposed by law upon the
officers Of the general election Of this state for vioat
ing their duties, and shall be proceeded against in
like manner and with like effect.
SECTION 3. immediately at the closing Of the
polls at the annual election Of the Association, the
judges OF election shall count the votes and make
and sign returns showing the number Of votes cast
for each candidate, which shall be read by the
tary to the meeting The Judges shall seal all the
ballots cast at the election and deliver the to
the secretary before adjournment.
SECTION 4. The secretary shall deliver the returns
Of the election and the ballots cast the board of
directors at their next meeting, and they shall i'm
medlately upon the closing UP Of any unfinished bust
then before the board proceed to canvass the
vote, and shall then declare the nine candidates have
ing the highest number of legal votes to be elected
~ SECTION b. In case of tie vote to any two or
more candidates, the board Of directors shall deter
mine the contest by lot. The secretary shall inme-
datey notify writing the person declared elect
ed, who shall file written acceptance of such office
within ten days thereafter. The board Of direc
tors shall enter upon and assume the duties Of their
office Immediately after the adjournment of the
nuaI meeting. t5# .%I@
SECTION g. All elections Of the Association shall
1o11o i
one vote for each share of stock owned by him
shown by the books of the Association; but any stock
holder who in arrears to the Association shall not
be entitled to SUCH vote until all arrears paid
SECTION Z. Stockholders may vote the proxies OF
other shareholders who have complied with section
6of this Article, provided however that no stock
holder shall vote to exceed fifty shares.
ARTICLE A.
MEETINGS.
SECTION l. The regular meetings OF this Associa-
ton shall be held on the third Monday in every
month at 8 o'clock ?. NJ from April to October, and
at 1880 O'Clock P. M from October to April
SECTION 2 The regular meeting of the board of
directors of this Association shall be held the
fourth Monday in every month at 8o'clock P. M.
October to April.
SECTION 8 The annual meeting Of the Associa-
4 ton shall be held on the third Monday in December
ARTICLE 5.
COMMITTEES.
SECTION l. The auditing committee shall consist
bills and accounts of the Association, and carefully
examine the books and reports Of the secretary and
treasurer at the close of each quarter and report in
writing the result of said examination to the board
Of directors at their next regular meeting
SECTION 2. The security committee shall consist
Of three directors whose duty it shall be to examine
shall make personal inspection and make report
IN writing. containing full information Of the proper
y at the first meeting Of the board Of directors after
application for loan has been referred to them,
which report shall BIS filed and preserved for refer
ence; and each member Of the committee SO acting
shall be entitled to receive from the Association the
sum OF one dollar for each property inspected.
SECTION 3. At every annual election Of the Asso-
citation there shall be elected from the stockholders
three not being directors whose duty shall
be, mannually to audit the accounts of the Asso-
citation. They shall examine all books, papers, Sc
curities and everything belonging or pertaining to
the Association and shall make and sign report in
writing Of the financial condition Of the Association
which shall be read to the Association at the next
4 meeting after completing this work.
ARTICLE 6.
WITHDRAWAL OF STOCK
SECTION 1. stakeholder may withdraw at any
time by filing with the secretary a notice in writing
of his desire to do So said notice to be read the first
regular meeting OF the board of directors thereafter,
and placed file by the secretary until the next reg
nlar meeting of the board, at which time it shall be
acted upon by said board when he shall receive the
dues actually paid in such shares TO be withdrawn,
together with such proportion of the profits if any,
standing to the credit of said shares at proceed
ing adjustment Of profits less all fines and proper
accrued subsequent to said next proceeding adjust
ment Of profits, as the board Of directors may from
time to time determine upon; provided however,
that at time shall more than onehalf Of the funds
in the treasury be applicable to the demands Of with
drawing stockholders without the consent OF the
board Of directors, and that no stockhoder shall be
entitled to Withdraw whose stock held for security
ARTICLE7
LOANS. ss3s4
SEcTIoN 4. Each and every stockholder not in
arrears for each and every share of stock he or she
may hold in this Association, shall be entitled to
ceye loan Of one hundred dollars $500 0o) from its
security otherwise provided for herein. RI .
SECTION 2. The said officers shall hold stated
two hundred dollars shall be offered for loan in open
meeting, and such stockholders wanting such loans
shall bid openly for the same, and the stakeholder