William Penn Life, 2007 (42. évfolyam, 1-12. szám)

2007 / Különszám

The By-Laws

1. The corporate officers of the Association shall be: National President, National Vice President-Secretary, National Vice President-Treasurer, and such other National Vice Presidents and Vice Presidents as the Board shall deem necessary, but not more than two (2); provided, however, that the offices of National Vice President- Secretary and National Vice President-Treasurer may be held by the same person.

2. The above-mentioned offices shall be deemed full time and the officeholder shall not, unless approved by the Board, engage in any other occupation, whether compensated or not, during the hours stipulated by the Board for full time employees.

Section 402. TERM OF OFFICE; VACANCIES

1. All National Officers shall serve in accordance with these By-Laws and at the pleasure of the Board; provided, however, that the term of any National Officer shall end no later than the next Regular Session of the General Convention.

2. Upon the death or resignation of a National Officer, or in the event of incapacity or inability of any National Officer to act (as opposed to a matter disciplined under Article 7 of the By-Laws), the Board shall have the power, in its sole discretion, after investigation, with facts to be recorded in a confidential file, to declare that a vacancy exists and the Board shall fill such vacancy by majority vote.

Section 403. OFFICE OF THE NATIONAL PRESIDENT- The National President is the Chief Executive Officer and an official representative of the Association. The National President shall:

1. Generally supervise and administer the Association and its employees; sign and execute in the name of the Association, when authorized, all deeds, mortgages, bonds, contracts and other instruments; sign membership certificates; handle all matters not specifically under the jurisdiction of any other National Officer; be one of the guardians of the safe deposit box and the securities of the Association; and approve the Association's annual statement.

2. The National President may co-sign checks and disbursements provided that all checks and disbursements are also co-signed by one of the following: the National Vice President-Secretary, the National Vice President-Treasurer, or an employee of the Association so authorized by the Board.

3. Employ, evaluate and discharge all Home Office and other employees of the Association.

4. Be responsible for the execution of all decisions and policies adopted by the General Convention, the Board, and Executive Committee.

5. Provide direction for the cultural, fraternal and social activities of the Association as approved by the Board.

6. Oversee Branch activities and, when deemed necessary, appoint or remove Branch Coordinators, subject to the approval of the Administration Committee and ratification by the Board.

7. Furnish the Board with a report of his or her quarterly activities, or as requested by the Board.

8. Plan and prepare, under the direction of the Board, for Regular Sessions of the General Convention and for any Special Sessions that may be called.

9. Be an ex-officio member of all committees.

10. Oversee and monitor the implementation of the Association's strategic goals and objectives.

11. With the Chairman of the Board, enable the Board to fulfill its governance functions.

12. Give direction and leadership toward the achievement of the Association's philosophy, mission, strategy, and annual goals and objectives.

13. Anticipate short and long-term competitive trends that may affect key strategies and programs of the Association.

14. Appoint the editorial staff for the Association's official publication.

15. Perform all other duties customarily performed by the President of a corporation.

Section 404. OFFICE OF THE NATIONAL VICE PRESIDENT-SECRETARY - The National Vice President- Secretary is the Chief Administrative Officer and the Corporate Secretary of the Association and an official representative of the Association and shall perform the following duties:

1. Be responsible for and keep and maintain all the official records of the Association and its Affiliates, the Board, the Standing Committees of the Association, and all other committees provided herein, except such records as are specifically maintained by other officers of the Association. Be one of the guardians of the safe deposit box and the securities of the Association. Copies of said records shall also be on file at the National Vice President- Secretary's office.

2. Read or cause that person appointed by the Chairman of the Board to read, at all meetings of the Board and Standing Committees, all communications and all other documents and papers coming before the Board or Standing Committees, except reports of other committees which may be read by the Chairman or any other member thereof.

3. Make full and complete reports, in the manner and time required by the state insurance departments and all other government agencies having jurisdiction over any of the affairs of the Association, together with the National Vice President-Treasurer.

4. Be custodian of the Official Seal of the Association

William Penn Life, Special Convention Edition, December 2007

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