PHILIP F. THOMAS, ESQUIRE, GOVERNOR

1849.

to keep all mortgages, policies and other securities on
which this society has loaned, or shall loan money,
and at the expiration of his term of office, to deliver
to his successor all the books, monies, papers and se-
curities of the society remaining in his hands; the
treasurer shall give, for the due performance of these
duties, such security as the directory shall determine.

CHAP. 499.

SEC. 9. And be it enacted, That the duties of the
secretary shall be, to note and record, accurately, all
the proceedings of the society, and of the directory,
in a well bound book kept for that purpose, to receive,
on every Thursday evening, from the members, their
weekly contributions, fines, and interest, and to pay
the same to the treasurer, taking his receipt therefor,
to keep exact accounts with all the members towards
the society, to sign all drafts voted by the directory on
the treasurer, to notify the members, through the pub-
lic papers, of the meetings annually held for the elec-
tion of officers, to examine and report upon all claims
against the society, to he ready at all times to inform
shareholders of the condition of the society's finances,
to prepare for the annual meeting of the society for
the election of its officers, a full statement of its fi-
nancial situation, to keep all the books and papers of
the society, except those in the custody of the trea-
surer, and to deliver them to his successor in office ;
for the faithful performance of these duties, the secre-
tary shall be allowed one dollar and fifty cents for
every night he shall attend the meetings of the so-
ciety and directory, or of either.

Duty of the
secretary.

SEC. 10. And be it enacted, That the directors, to-
gether with the president and treasurer, shall form an
administrative council or directory, which shall meet
on every Thursday evening, for the collection of the
weekly dues, the fines and the interest from members,
which monies shall be paid to the secretary, and by
him handed over to the treasurer; the directory shall
have the management of all the financial concerns of
the society, and shall especially make all the loans of
the society's money, as is hereinafter provided, and
shall take care that they are well secured; the direc-
tory shall have the right to fill all vacancies in its body
until the annual election; the meetings of the direc-
tory, from April to October, shall be at eight o'clock in
the evening, and during the rest of the year, at seven
o'clock in the evening; the directors shall receive no
pay for their services, but they shall not be compelled
to serve more than one year in any term of three

Administrative
Council — their
duties.