LEGAL PHASES OF COOPERATIVE ASSOCIATIOIS'S. 65 



formed in writing of the charges against him at least (10) days before such 

 meeting and at such meeting shall have an opportunity to present witnesses 

 and to be heard in person and by counsel in regard thereto. 



Note. — In some cases, especially when the board of directors is 

 large, it is desirable to have an executive committee. Such a com- 

 mittee can be made of the officers and one or two members of the 

 board. 



Article VII. — Duties oe the Dikectoes. 



Sectio:^: 1. The board of directors shall manage the business and conduct 

 the affairs of the association and shall make the necessary rules and regula- 

 tions, not inconsistent with law or with these by-laws, for the management of 

 the business and the guidance of the officers, employees, and agents of the 

 association. 



Sec. 2. The board of directors may employ a business manager, fix his 

 compensation and dismiss him for cause. He shall have charge of the business 

 of the association under the direction of the board of directors. 



Sec. 3. The board of directors shall require the treasurer and all other 

 officers, agents, and employees charged by the association with responsibility 

 for the custody of any of its funds or property to give bond with sufficient 

 surety for the faithful performance of their official duties, which bond shall be 

 paid for by the association. 



Sec. 4. The board of directors shall meet on the (first Saturday) of each 

 month at the office of the association in the town of (Hilton, N. T.). Special 

 meetings of the board shall be held upon call of the president or upon written 

 request of (three) members of the board. 



Aeticle XIII. — Duties of Officekp. 



Section 1. The president shall — 



a. Preside over all meetings of the association and of the board of directors. 



b. Sign as president (with the secretary-treasurer) all checks, notes, deeds,, 

 and other instruments on behalf of the association. 



c. Call special meetings of the association and of the board of directors and 

 perform all acts and duties usually required of an executive and presiding 

 officer. 



Sec. 2, In the absence or disability of the president, the vice president 

 shaU preside and perform the duties of the president. 



Sec. 3. The (secretary-treasurer) shall — 



a. Keep a complete record of all meetings of the association and of the 

 board of directors. 



ft. Sign (as secretary-treasurer), with the president, all checks, notes, deeds, 

 and other instruments on behalf of the association. 



c. Serve all notices required by law and by these by-laws. 



d. Receive and disburse all funds and be the custodian of all the property 

 of this association. 



e. Keep a complete record of all business of the association and make a full 

 report of all matters and business pertaining to his office to the members at 

 their annual meeting and make all reports required by law. 



f. Perform such other duties as may be required of him by the associatiors 

 or the board of directors. 



Note. — When the offices of the secretary and treasurer are separate, the duties 

 of each should be given in different sections. 



1416—22 5 



