The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1913-01-02
committee to raise the funds required
by the club to successfully carry out
its pohcy for greater activities.

W uuo CAuO 10 SuCCcSSiuuy VARY Oul
its pohcy for greater activities.
"Ffth-That a minimum guaranty
fund Of $25, 900 be raised by subscrip-
tons from the members of the club
and citizens who may not be members
of the club. That 20 per cent of the
amount Of each subscription be col
lected at the time of subscribing, and
that subsequent assessments be levied
as funds may be required, but in no
event to exceed 10 per cent in any one
month.
That all monies collected be re-
gularly accounted for to the proper of
ficers of the club, through the treas
urer of the committee, and placed in
a fund designated as the budget fund.
'Sixth-That monies in the budget
fund shall be used solely for the pur-
pose of the development of the city
and the advancement of its interests,
and be disbursed through the regular
channels as provided by the bylaws
of the club, on the order of said COM
mittee.
"Seventh-Any person who is a
member of the club or otherwise and
whose subscription to the guaranty
fund is accepted by the budget COM
mittee, is entitled to representation
OF oil onnnroI ar Cpacial n,aatinou af
the subsc RIDERS and eligible to mem
bership on the budget committee.
"Eighth-Obligations under a sub
scription ceases at the end of the year
for which the subscription was made,
provided all assessments levied by
the club Cor that respective year have
been paid by the subscriber. That any
balance remaining to the credit of the
budget fund at the end of the year
shall be returned pro rata to the sub
scribers who have paid all the assess
ments.
"Ninth-That the committee be au-
thorized to employ a competent secre
tary, o necessarily a subscriber or
member of the club, at such salary
as the committee may determine.
"Tenth-That the budget committee
may, on any project requiring i'm
mediate action, that is, in it's judg-
ment, for the best interests of the city,
or its trade territory, and has receiv-
ed a majority vote Of the full mem
bership OF the committee at a regular
or special meeting, contract Or as
sumo a liability OF obligation in a
sum not exceeding $500.
ACKNOWLEDGMENT the proposition
requires an appropriation OF over
$500, is approved by the committee.
an affirmative vote of two-thirds of
the subscribers present, not less than
fifteen, at a special meeting duly call
ed, shall be required to authorize the
expenditure.
Rules and regulations for the or
ganization and government of the Alb
erdeen Commercial Club budget COM
mittee:
"First-The budget committe shall,
within one week after it's action,
elect from it's OWL members a chair
man, also a treasurer, who shall be a
subscriber, but not necessarily a MEM
Der of the committee. 1t shall also, II
doomed expedient, employ a secretary
mot necessarily a subscriber), at
such salary as the committee may de-
eide upon, which officer shall perform
the duties usual to such offices.
"Second-The committee shall hold
regular meetings or the first Monday
in each month for the discussion and
properly come before 1t, and within
one day after such meetings report its
proceedings to the secretary Of the
club.
'Third--The regular place of meet
il6 ohdlE NC ia ~ IoOllc VI lilo kaUOI-
deem Commercial Club.
"Fourth-A quorum Of the commit
tee shall consist of not less than eight
members.
"Fifth-Special meetings of the
committee may be called at any time
by the chairman or any two members
OF the committee.
"Sixth-The committee Immediately
after 1t has met and organized shall
prepare a list of the names of all the
members of the club, and all citizens
not members Of the cub who in it's
opinion should contribute to the guar
anty fund herein provided for, placing
opposite each name the amount of the
subscription such person should sub
scribe, a. in its judgment Is relatively
consistent with the ability Of such per-
son to pay on the basis of a minimum
guaranty fund of $25, 1000. Should it
be determined by the committee that
tho a,hccrintinn offorod hu onv porcor