South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-04-29

/ Secretary The secretary shall cor
rectly keep the minutes Of each
meeting Of the subscribers and OF
the board Of directors in books es-
/ peciaIly provided for that purpose;
\ ne shall prepare and serve all no.
tees OF the association His books
Of record and other documents Of
the association i'm his possession
shall be open to inspection of any
/ director during business hours.
I Within IS hours after any sub
scribers meetings or directors
meetings. he shall furnish a copy
OF the minutes of such meeting 10
each member of the board of direc-
tors He shall i'm general perform
all the usual duties incident 10 the
office of secretary and such other
duties as may from time TO time be
assigned 10 him by the board of
directors.
Sec. "A Powers and Duties of
Assistant Secretary. The board may
lappoint one or more assistant sec
retaries who shall have and may
exercise such of the powers and
perform such Of the duties OF the
secretary as may be specifically
delegated TO them respectively by
the board of directors or the secre-
tary.
Sec >. Powers and Duties of tie
Treasurer. The treasurer shall re-
ceive and receipt for all money
paid 10 the association and shall
have custody of all securities of the
association He shall have power
to endorse i'm the name of the asso-
citation all checks received By the
association and shall deposit such
checks and an money received 10y
him To the credit of the association
in such banks or repositories as the
board Of directors may from time
70 time designate. such deposit To
be made i'm the name of the associa-
ton. He shall keep regular books
of account i'm which he shall enter
regularly an receipts. diSburse-
ments. and other financial transac-
tions in accordance with the system
adopted or approved by the board
of directors He shall prepare and
submit TO the board of directors
such daily. monthly quarterly or
annual reports as may be required
and shall prepare his books and
accounts for audit by the first day
Of May and November of each year
He shall prepare and present to the
annual subscribers meeting a
statement of the receipts and dis
bursements Of the year, together
with the amount of cash on HAND
to the credit of the association. He
shall give surety bond for the
j faithful performance Of his dutie.
! in such sum and with such surety
company as may be determined 10y
j the board of directors. the cost OF
such bond to be betrayed by the
association. He shall in genera
d perform all duties generally inciden
to the Office of the treasurer, anC
r such other duties as may from time
10 time he assigned to him by the
j board of directors.
Sec 5a. Duties of Assistant Treas
urer The board of directors may
. appoint one or more assistant treas
f urers. who shall have and may eX
ercise such powers and perform sucl
duties as may specifically he as
signed To them respectively by th'
board OF directors or by the treas
t lurer Such assistant treasurer shall
2 give such surety bond as may b'
S required by the board of directors
the cost of such bonds 10 be de
] frayed by the association.
Sec g. Committees The nomin
} ating committee shall be appointed
! 10y the board of directors as herein
. after provided. The directors ma,
e. in their discretion appoint sucl
= other standing of special commit
q tees as may seem desirable. tn
S members of which may be either di
{ rectors or subscribers
S ARTICLE V.
Funds.
s Sec. I All funds of the assooia
e ton shall be deposited in the bank
S as directed by the board of direc
. tors: provided. however. that tn
a deposit in no bank shall exceed i
per cent OOG5) of its combined cap
T ital and surplus.
e Sec. .. Distribution of Relic
Y Funds The relief funds collecte,
- by this association shall be distrib
a uted among the patriotic and char
e liable causes of a local. state or ma
Y tional character as provided in tn
constitution of this associa ton. sue
g distribution 10 re proportional "a
h may be determined from time I
Y time by the board of directors.
p The board of directors ma~. i
tits discretion. permit such funds t
70 accumulate as surplus reserve 70
+. future contingencies or emergen