The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-02-10


pc stated in Che charter not exceeding 6fy (5o) years unless
sooner dissolved as other corporations BY law dissolved
SECTION 4 Changes IN the hy-laws not affecting out
Standing insurance may be made by majority o tc Board
q Directors regular called meeting o The Board Of Di-
ecos notice Of such proposed change shall nave been previous
BY given thirty days Such changes be authenticated hy
the signature the proper officers and the seal Of ho company,
and be ccordcd u nc proper record Of proceedings 81 such
py and duly authenticated copy Of such changes shall be
led in the Office Of the Secretary Of State thirty 8o days be-
iorr tic Shall be valid shall be c duty Of Che
ary Of the company record such changes upon hc records
o proceedings q The company
SECTION No policy shall bcissucd ior d larger amount
upon buildings than fifteen hundred dollars until sad company
shall have actual bona 6dc fire. lightning and windon usur-
in full force and effect to amount equal not less
than three million dollars after which said company may s-ue
policies for an exceed 100000 any Building
and contents FOR than fifteen dollars per grow
leg crops Provided that buildings the coachts thereof
shall be insured for than three cfours Of their dctua value
and IN case Of loss the Of indemnity shall not OK
coed the actual cash value Of e property destroyed a hs time
81 loss
sECTION0 B. ANY company may, under the provisions Of
is bylaws receive IN cash pouissoy note not less Than one
half o The premium upon live stock buildings and contents Or
not less than oncoufh Of the premium growing erops aud
hc remainder secured by payable IN whole Ia part
upon assessment made BY de board Of directors
o. the company whenever they consider e necessary
pay She losses and expenses
SECTION 20. Tbc Board 81 Directors ~ muua asur.
auce company incorporated under tho laws q hs State pay
change the location o the principal office ad company only
8, vote of tso-tirda Of said drcetora.
SECTION H. That no mutua company organized og ia
coponicd outside OF this SAte shall be permitted ID engage g
c business 81 hail the insurance ol farm property
against Gre lightning. cyclone wiud-sioms in tfs State
SECTION H. The noard Of Directors shall consist OF moi
c an Eve nr more aH thirteen persons. who SHAH be bona
aanft, bflfr e1fe
and who shall hold their Offices for suc terms as the g-aws
may provide except tat tic FIRST directors named shall serve
only until Inc 6rst election and until their arc elected
and 1uaic Meetings Tor The purpose OF cecag o more
directors shall bc held annually the principal Office 81 'hc CONE
nns Each policy holder Of Che company shall have one vote
Vote, shall nc By tho members personally BY written o.
ari poSy and plurality Of votes east shall elect provided
That IL order 10 vote member shall Be policy holder in said
company holding policy which shall Is ID fu oes aDd eject
The lue Of said cccop
SECTION a. 4lc Board d Direcorsas a@lRoFizel b
elect president treasurer secretary ad gercra nesges who
da Dc members Of tc company excepting Tie Secretary enc
general manager aho may may rot BE- neubers d said COM
VARY; Provided ,at officer o;cy Ian ilc president who
ray OF nny not Jc Director shall Jr member e Board
o Directors ard safe officers shall lave f a.i cdupce ce9
re 81 Tic affairs Of sad company. subject Al nes c fc
Nil o the majority Of the board Of directors Tr shall per-
form such dass prescribed BY law and The hyAws eg
tic company end for their services shall receive compensation
G pc fixed by the Board Of Directors The general manager
aaI have charge oi the feid work andperfom se pik e.
Zee nay DC specified The b3-awa o The tasnY kh
ersis aus treasefsr s0als ssep knnuai % q
d detail. the conditions ohp affairs of khs company and 81 an
their transactions officers and shall report At suc ocr Times
as ma, rc rsured by the BOARD Of Directors
SECTION ~ The board Of Directors rhal s. sutcct q
re ca oh president ii tire asscnca or neglect c S psesl
sa hs asiory of he Hoara may ca! meeting tie pfir-
Fina Office Is hs company srch ne iues az e hy-a8s
nay prescribe bus The Goa shall uo event mse less lFe-