William Penn Life, 2007 (42. évfolyam, 1-12. szám)
2007 / Különszám
The By-Laws range departmental goals, objectives, policies, and operating procedures established by the Association from time to time. 17. In the event that the National Vice President- Secretary is unable to do so, the National Vice President- Treasurer shall perform all duties of the National President in his or her disability or inability to act, with the approval of the Board and until such time as the Board appoints a successor to such National President. The National Vice President-Treasurer shall notify the Board within twenty-four (24) hours of the occurrence of any such disability or inability to act of the National President or the National Vice President-Secretary, as the case may be. 18. Perform all other duties customarily performed by a Treasurer of a corporation and assigned to him or her by the National President, Board or Executive Committee and all other duties imposed upon him or her elsewhere in these By-Laws. Section 406. OFFICE OF THE VICE PRESIDENT - The Vice Presidents shall perform such duties as the National President or Board may assign; provided, however, that no duty may be assigned to any of them that has been specifically delegated to others pursuant to the provisions of these By-Laws. ARTICLES HOME OFFICE AND BRANCH ADMINISTRATION Section 501. BUSINESS OF THE ASSOCIATION - The business of the Association shall be conducted by the National Officers through departments known as the President's Department, the Secretary's Department, and the Treasurer's Department. Section 502. JURISDICTION - The jurisdiction of the National Officers over each Department and their powers and duties are set forth in these By-Laws or shall be fixed by the Board. Section 503. CONFLICTS OF INTEREST - It shall be unlawful for any National or Branch Officer, or employee of the Association, whose duty it may be to purchase anything of value for the Association, or the discharge of whose duty to the Association may result in liability on the part of the Association, to vote, recommend, or otherwise influence any of the foregoing acts with regard to any person he or she may be related to by blood or marriage, or in which he or she may have, directly or indirectly, a personal interest, which may be used by him or her in a manner adverse to the interest of the Association. Any National or Branch Officer violating the provisions hereof may be suspended or removed under the applicable provisions of these By-Laws, and, if an employee of the Association, may, in addition to suspension, be discharged. Section 504. DISQUALIFYING OCCUPATIONS - No person who becomes, or was within the four (4) years immediately preceding the latest General Convention, an officer of, or holder of a position of trust with, any other fraternal benefit society or life insurance company shall be eligible to become or remain a National or Branch Officer or a Director or Alternate Director of the Association or any of the subordinate bodies or to be a Delegate or Alternate Delegate to the General Convention; provided, however, that the foregoing shall not be construed as disqualifying any person who is an attorney, actuary, certified public accountant or physician occasionally retained or temporarily employed by any such life insurance company; provided further, that nothing in this Section 504 shall prevent any person from serving as a National or Branch Officer or as a Director or Alternate Director or as a member of the National Advisory Committee of the Association or as a Delegate or Alternate Delegate to the General Convention pursuant to a merger or similar agreement between the Association and any alliance, fellowship, or society in the United States having similar aims to those of the Association. The Board shall have the authority to waive the four year disqualification with regard to electing any National Officer. Section 505. EXECUTION OF CONTRACTS a. Authority. The National President, National Vice President-Secretary, or National Vice President-Treasurer of the Association shall have full power and authority to execute all deeds, contracts, agreements, leases, leasehold agreements, lease contracts, bills of sale, assignments, releases, satisfactions of mortgages and judgments, deposit or protective agreements, reorganization or refunding plans, and other obligations and undertakings for and on behalf of the Association, and all other documents and obligations made necessary or desirable for the conduct of the Association's affairs when duly authorized to do so by the Board or Executive Committee. b. Limitation. No National Officer or employee shall have any authority, express or implied, to obligate the Association or to sign or execute any contract or document which requires the Association to pay a consideration, or has a value, in excess of Ten Thousand ($10,000.00) Dollars, without prior written authorization by the Board or Executive Committee. c. No person shall be hired or retained by the Association or any Branch or subsidiary for a term of more than two (2) years without the express written consent of the Board. In any event, no such contract shall extend beyond the date of the next General Convention. Section 506. BONDS OF OFFICERS AND EMPLOYEES a. Officers. The Board may require the National and Branch Officers of the Association to give bond with surety from an indemnity company, conditioned in such form and sum as the Board may determine. b. Employees. The Board and/or the National President may require employees of the Association to give bond with surety from an indemnity company, condilVilliam Penn Life, Special Convention Edition, December 2007 37
