The Norfolk weekly news-journal. (Norfolk, Neb.) 1900-19??, 1908-07-03

any annual or special meeting OF the
members of the company; and when
not present in person, may delegate
his authority to vote by printed and
written proxy given to a member Of
the company. Such proxy to be valid
must state the number, the date and
the amount of the policy held by the
person giving 1t, and be filed with the
company at least fifteen days before
the meeting next following it's date
of issue.
Sec. 2. The annual meetings of the
members shall be held at the home
Office of the company, at one O'Clock
p. m. on the second Tuesday in jan
uary in each year. Special meetings
shall be held at the same place when
called by the executive committee, by
giving at least ten days written notice
thereof stating the purpose for which
such special meeting is called.
Sec. 8. At each annual meeting the
members of the company shall elect
board of seven directors; who, ex-
cept the medical director, shall be
members of the company, to serve
for one year or until their successors
are elected and qualify. All the cor
porate powers of the company shall
vest in the board of directors, who
shall also have power to fill vacancies
caused by the death or resignation OF
any director or officer. The medical
director may, or may not be mem
| Der of the company.
Sec. 4. The board of directors shall
provide in the bylaws the number
of persons required to be present II
person or by proxy, at any annual Oh
special meeting of the members tt
constitute a quorum.
| Sec. 5. At any annual or specia
meeting of the members of the com
pany, these articles of incorporation
may be amended, changed or altered
| by an affirmative vote of majorit.
of the number of members required
| to be present in person or by proX.
to constitute quorum.
ARTICLE V.
Board of Directors.
Section l. The incorporators of thu
company shall be its first board OF oil
rectors, to serve until the first an
nual meeting of the members ant
until their successors are elected AM
qualify.
Sec. 2. The regular annual meeting
of the board of directors shall be hell
Immediately after the annual meet
ing of the members, when by ma
jority vote the board of director:
shall elect officers for the ensuin
year. The officers shall be pres
dent, vice president, a treasurer,
secretary and medical director, VIII
shall hold office for one year or unit
their successors are elected and shal
qualify. One person may hold tn
Office of treasurer and secretary.
Sec. 8. The board of director
shall adopt, amend, alter or chang
the bylaws, create Offices and cleo
officers not designated in Section
of this article, when for the interes
of the company so to do, and to d
all things necessary for the successfr
management of the company. F1v
: members of the board of director
shall constitute a quorum for tn
transaction of business by it, but a
affirmative vote of four members
the board of directors shall be r.
quired to carry any motion or to cleo
any officer.
Sec. 4. The board of directors sha
elect an executive committee
three of its members which shall haV
power to administer the affairs
the company when the board of d
7 rectors is not in session. The boar
of directors shall also elect a financ
: committee and an auditing committe
: of three members each, whose dutie
: shall be defined in the bylaws.
: ARTICLE vi.
5 Investments, Loans and Deposits.
! Section /. All loans shall be mad
!, in the name of the company. No loa
: shall be made to any director or of
Y Ger of the company, nor shall any d
$ rector or officer of the company pro
t it by or receive any commission
/ valuable consideration on any sa
r of securities to 1t.
b Sec. 2. Loans may be made on u
: incumbered farms secured by frs
! mortage thereon, provided such farm
are improved, productive and situate
in well settled and well develop'
j. sections, and that the amount loant
= thereon shall not exceed forty Pr
n cent of the appraised value there
S exclusive of improvements. BON
e or warrants may be bought for
r vestment of the United States,
state, county, city town or scho
district, when such bonds or warran
bear interest and are issued accoT
ing to law. Also real estate may
d owned by the company when requir
l. for its home Office building includil
t. rooms therein for rental.
t Sec. g. The company shall ha