22 BULLETIN 530, U. S. DEPARTMENT OE AGRICULTURE. 



Sec. 4. Directors. 



(a) Election and term. — At the first annual meeting of the company nine 

 directors shall be elected to succeed those designated as a temporary board 

 in the articles of incorporation. The directors so chosen shall be divided by 

 lot into three classes of three directors each. Those in class 1 shall hold office 

 for one year ; those in class 2 for two years ; and those in class 3 for three years. 

 At all subsequent annual meetings three directors shall be elected, to hold 

 office for a term of three years, or until their successors are elected. 



(b) Method of filling vacancies. — Vacancies in the board of directors may 

 be filled temporarily by the remaining members of the board. Persons so 

 chosen shall hold office until the next annual meeting, when s*uch vacancies 

 shall be filled by election for the unexpired term. 



(c) Powers and duties. — The board of directors shall have charge of all the 

 business of the company. They shall hold meetings at such times and places 

 as they deem necessary. They shall elect the officers of the company. They 

 shall direct the levying of all assessments and shall appoint, or authorize the 

 appointment of, all inspectors, adjusters, and other employees of the com- 

 pany. They may divide the business territory of the company into districts 

 and apportion among themselves the agency and supervision of these districts 

 in such manner as will best serve the interests of the company. They shall 

 designate depositories for the company's funds. 



(d) Quorum at board meeting. — Five directors shall constitute a quorum 

 at a board meeting. 



Sec 5. Officers. 



(a) Titles, election, and term. — The officers of this association shall con- 

 sist of a president, a vice president, a secretary, and a treasurer, and shall 

 be elected by the board of directors from their own number : Provided, That 

 the office of treasurer may, by a two-thirds vote of the board, be filled by any 

 competent and trustworthy person without reference to other connection with 

 the company. If the treasurer is not a director, he shall attend and be 

 heard at the meetings of the board, but shall have no vote at such meetings. 

 Each officer, unless removed by a two-thirds vote of the board, shall hold 

 office for one year or until his successor has been elected and qualified. 



(b) Duties of the president. — The president shall preside over all meet- 

 ings of the board of directors. He shall also call to order all meetings of 

 the company and shall preside until a temporary chairman has been elected. 

 He shall sign all policies, vouchers, or orders issued by the company, and 

 shall perform such other duties as are usually performed by such officer, 

 or as the board may assign to him. It shall also be his duty to see that the 

 auditing committee hereinafter provided for does its work, and to fill by ap- 

 pointment any vacancies in this committee that may occur. 



(c) Duties of the vice president. — The vice president, in addition to his 

 duties as a member of the executive committee hereinafter provided for. shall 

 perform all the duties of the president during the absence or inability of that 

 officer. 



(d) Duties of the secretary. — The secretary shall keep a complete and 

 accurate record of all transactions of the company. He shall write and sign 

 all policies, vouchers, or orders issued by the company. He shall, under the 

 direction of the board of directors, have charge of the levying of all assess- 

 ment and the collection of these assessments and any other money due the 

 company, and shall turn over all money so collected to the treasurer. He 

 shall make a complete and accurate report of the year's business at each 



