THE LAWS OF WISCONSIN, EXCEPT CITY CHARTERS AND THEIR AMENDMENTS, Passed at the Biennial Session of the TOGETHER WITH THE JOINT RESOLUTIONS AND MEMORIALS, ALSO POST-OFFICE ADDRESS OF THE CIRCUIT JUDGES, AND TIMES WITH INDEX OF SESSION LAWS SINCE 1878. VOLUME I. PUBLISHED BY AUTHORITY. MADISON, WISCONSIN: DEMOCRAT PRINTING COMPANY, STATE PRINTERS. LAWS OF WISCONSIN. [No. 12, S.] [Published February 15, 1887.] CHAPTER 1. AN ACT to revise, consolidate and amend chapter 43, of the private and local laws of 1869, entitled, an act to incorporate the Wisconsin OddFellows' Mutual Life Insurance company, approved February 17, 1869, and the several acts amendatory thereof. The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: body. SECTION 1. Sam Ryan, Jr., L. B. Hills, Stod- Corporate dard Judd, Charles C. Cheney, A. J. Langworthy, J. A. Roper, Thomas W. Taylor, J. W. Merrell, W. W. Dexter, and their associates and successors, are hereby created a body corporate, by the name and style of the Wisconsin Odd-Fellows' Mutual Life Insurance company, and by that name shall have perpetual existence, and be capable of suing and being sued. number. SECTION 2. The officers of said company shall Officers their be a president, vice-president, secretary, treasurer, and a board of nine directors, all to be chosen as hereinafter provided; and its property, business and affairs shall be managed, conducted and controlled by such board of directors, assisted by the other officers named, and such clerks, agents and other persons as the said board is hereinafter authorized to appoint. ble to office. SECTION 3. All members of the company who, Who are eligiat the time of their election, are also members of the grand lodge of odd-fellows of the state of Wisconsin, and actual residents of said state, and none others, shall be eligible to any office of said company; and in case any officer shall, after his election, cease to be a member of said Term of office rectors. grand lodge, or an actual resident of said state, his office shall thereby become vacant, and the vacancy shall be filled as hereinafter pro vided. SECTION 4. The present directors shall respecof present di- tively continue in office for and during the term for which they were respectively elected, and until their successors are elected and qualified. At each annual meeting of the members of the company, there shall be elected in the manner to be provided in the by-laws, three directors to succeed those whose terms of office expire next thereafter, who shall hold their offices for the term of three years from and after the next annual meeting of the board of directors, and until their successors are elected and qualified. Officers-how elected. Power and authority of th→ rs. SECTION 5. The president, vice-president, secretary and treasurer shall be elected by the board of directors in the manner provided in the bylaws; the two former, from among their number, annually, at their annual meeting in each year, and the two latter, also from among their number, or from the members of the company, biennially, at their annual meeting in each second year, commencing with the year 1888. They shall hold their offices, the president and vice-president for the term of one year, the secretary and treasurer for the term of two years, and until their successors shall be elected and qualified; and they shall discharge all the duties usually appertaining to their respective offices, and such other duties as shall be required of them in the by-laws. SECTION 6. The board of directors shall have board of direct power and authority to elect the officers herein before named, and such other officers and agents, from among the members of the company, as they may consider necessary; fix their salary and compensation, the amount and condition of the required official bonds, approve or disapprove the form and sureties thereof, and fill any vacancy that may occur in their own number or in any other office of the company; to enact, amend, alter, or repeal all by-laws, rules and regulations for the management of the affairs of the company not inconsistent with the constitution or laws of the United States or of, this state; and generally to manage and control the business and affairs of the company. |