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Source: Church History Vol. 2 Chapter 5 Page: 91 (~1837)

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91 o'clock, p. m., to inquire into and assist in all matters pertaining to said company.

"Art. 5. Each manager shall receive from the company one dollar per day for his services when called together at the annual and semiannual meetings. The Treasurer and Secretary and the seven, the committee of the managers, shall receive a compensation for their services as they shall be agreed by the managers at their semiannual meetings.

"Art. 6. The first election of managers, as set forth in the second article, shall take place at the meeting of the members to adopt this agreement, who shall hold their offices until the first Monday of November, 1837, unless removed by death or misdemeanor, and until others are duly elected. Every annual election of managers shall take place on the first Monday of November in each year. It shall be the duty of the Treasurer and Secretary of said company to receive the votes of the members by ballot, and declare the election.

"Art. 7. The books of the company shall be always open for the inspection of the members.

"Art. 8. It shall be the duty of the managers of the company to declare a dividend once in six months; which dividend shall be apportioned among the members, according to the installments by them paid in.

"Art. 9. All persons subscribing stock in said firm shall pay their first installment at the time of subscribing, and other installments from time to time, as shall be required by the managers.

"Art. 10. The managers shall give thirty days' notice in some public paper, printed in this county, previous to an installment being paid in. All subscribers residing out of the State, shall be required to pay in half the amount of their subscriptions at the time of subscribing; and the remainder, or such part thereof, as shall be required at any time, by the managers, after thirty days' notice.

"Art. 11. The Treasurer shall be empowered to call special meetings of the managers whenever he shall deem it necessary, separate and aside from the annual and semi-annual meetings.

(page 91)

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