Page:United States Statutes at Large Volume 48 Part 1.djvu/620

 594 73d CONGRESS. SESS. II. CHS. 145, 146. APRIL 1 6, 1934. Meetings. " SEC . 5 . The annual m eeting of the members of sa id corporatio n shall be held at such time and place as provided in the bylaws. It shall be the duty of the president to call a special meeting of the corp oratio n upon the writte n requ est of twen ty mem bers . Each member sh all have one v ote for each risk held by him on all mat- ters properly before any meeting of the members . Boar d of dire ctors . " SEC. 6. The affairs of said corporation shall be conducted by a board consisting of seven directors or such greater number as may be authorized by the bylaws, selected from the members, to be elected by ballot at annual meetings of the members, for terms not exceeding th ree years, as fixed by the bylaws, and t o continue in office until their successors are chosen. The board of directors shall have full power to make and prescribe such bylaws, rules, and Bylaws, etc. regulations as they shall deem needful and proper for the elections herein provided and for the conduct and management of the busi- ness, funds, property, and effects of the company, not contrary to this Act or to the laws o f the United States, and th ey shall have power to alter or amend the same as the interests of the company, Quor um. in their opinion, may require. Not less than a majority of the directors shall be a quorum to do business, but a less number may Vac anc ies. adjourn from time to time. Vacancies happening in the board may be filled by the remaining directors for the remainder of the term Officers. for which they were elected. The board shall choose one of their number as president, and appoint a secretary and treasurer and such other officers as may be necessary for conducting the affairs of said corporation. The persons now acting as managers shall continue as the board of directors until the next annual meeting after the passage of this Act, and thereafter until their successors are duly chosen. Investments, etc ., au- " SEC. 7. It shall be lawful for said company to invest and rein- thorized. vest all moneys received by it in such manner, consistent with the laws of the District of Columbia relating to mutual fire-insurance companies, as the directors deem best for the interests of the com- pany and to acquire, hold, and sell real estate necessary or conven- ient f or the transa ction o f its c orpora te busi ness . Vested rights, etc . " SE C. 8. Nothing he rein containe d shall be co nstrued to aff ect or impair in any manner whatsoever any vested right or interest in or under any existing contract of the company. Amendment. " SE C. 9. The right to alter, amend, or repeal this Act is hereby expr essl y re serv ed ." Vol. 10, pp. 837-838; SEC. 2. Sections 10 to 16, inclusive, of the said Act of January Vol.14,p.32; Vol.16,p. 80 Vol. 20, p. 132, 10, 1855 (10 Stat . 836), as amended April 12, 1866 (14 Stat . 32), repealed. March 25, 1870 (16 Stat . 80), June 14, 1878 (20 Stat . 132), and Jul 5, 1884 (23 Stat . 155), and said Act of July 5, 1884 (23 Stat . 155), are hereby repealed. Approved, April 16, 1934. [CHAPTER 146 .] April 16, 1934. AN ACT (3 . 3022 .1	 To amend sections 3 and 4 of an Act of Congress entitled "An Act for the pro- [Public, No . 166 .] tection and regulation of the fisheries of Alaska", approved June 26, 1906, as amended by the Act of Congress approved June 6, 1924, and for other pur- poses. Be it enacted by the Senate and Home of Representatives of the Alaskan fisheries. United State s of America in Congress a ssembled, That section 3 of 43, p.465, mended . •h the Act of Con gress entitle d "An Act for the protectio n and regu- lation of the fisheries of Alaska ", approved June 26, 1906, as amended by the Act of Congress entitled "An Act for the protection