William Penn Life, 2016 (51. évfolyam, 1-12. szám)
2016 / Különszám
WILLIAM PENN ASSOCIATION BY-LAWS 10. Prepare and pay all checks, drafts or other orders drawn on the Association, which are duly approved and made in such manner as shall be prescribed by the Board, and file and keep all such checks, drafts and other orders paid by him or her as the Board and/or National President shall direct. The National Vice President-Treasurer may co-sign checks, provided that all checks are also co-signed by one of the following: the National President, the National Vice President-Secretary (provided that that office is held by some person other than the National Vice President-Treasurer), or any employee of the Association so authorized by the Board. 11. Administer insurance protection of the Association and its properties. 12. Recruit, train and supervise employees within the Department of the National Vice President-Treasurer, and direct the preparation of accounting and financial data by automated computer operations. 13. Make purchases and sales of securities and properties as authorized by the Finance Committee or the Board. Monitor investments of the Association, with the Finance Committee, in accordance with the Association's Investment Policy Statement. 14. Ensure record systems of the Association are maintained in accordance with generally accepted accounting and auditing standards. 15. Develop and direct the implementation of strategic business and/or operational plans, projects, programs, and systems of the Association. 16. Establish and implement short-range and longrange 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 twentyfour (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. VICE PRESIDENTS - The other National Vice Presidents and the Vice Presidents shall perform such duties as the National President or the 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. ARTICLE 5 HOME OFFICE AND BRANCH ADMINISTRATION Section 501. BUSINESS OF THE ASSOCIATION - The business of the Association shall be conducted by the National Officers. 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 Officer 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 Officer 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 Officer 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 Officer 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 30 0 Special Convention Edition 0 January 2016 0 William Penn Life
