22 BULLETIN 530, U. S. DEPARTMENT OF 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 shail be elected, to hold 
office for a term of three years, or until their successors are elected. 
(b) MrtHop 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 such vacancies 
shail be filled by election for the unexpired term. 
(c) PowrERs AND pUTIES.—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 direetor, he shall attend and be 
heard at the meetings of the board, but shall have no vete at such meetings. 
Kach 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 shali also eall 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. [Ft 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) DuTIzS 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) Durtes 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- 
ments 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 
