Article II.

Ten members assembled, in conformity with the provisions of these By-Laws, shall constitute a quorum for the transaction of business, except at the annual meeting for the election of Directors, when a majority of all the members shall constitute a quorum, and at a meeting for the purpose of amending these By-Laws, when two-thirds of all the members shall constitute a quorum.

Article III.

There are no shares of stock in this Corporation, but each member's interest in the property of the Corporation, shall be proportionate to the amount such member shall have paid toward the cost of such property, and the expense of maintaining the organization, not only as a Corporation, but including the preliminary association known as the "Underwriters' Fire Patrol of San Francisco" organized in April, 1875. The interests of all retiring members, shall innure to the remaining members.

Article IV.

No member shall be represented at any meeting by proxy. Local companies shall be represented by either their Presidents or Secretaries, and nonlocal companies by those Agents respectively who shall be recognized as such, by the Insurance Com- page 10 missioner of California; provided, that no Agent shall be entitled to more than one vote however many non-local companies he may represent

Article V.

The Annual Meeting of this Corporation for the election of Directors, shall be held at the Directors' room, at two o'clock, P. M. on the third Thursday in January in each year, and the mode and manner of giving notice thereof, shall be as provided in Article I. of these By-Laws and as required by law. The Semi-Annual Meetings shall be held on the third Thursday in July in each year, at such hour as shall be designated by the President.

Article VI.

No member shall, own such an interest in the property of this Corporation as shall be in any manner assignable, except as provided for retiring members in Article III of these By-Laws.

Article VII.

The duties of the President shall be to preside at all meetings of the Directors and of the members; to appoint all special committees (unless otherwise instructed by a majority of the Directors); to direct all committees as to their duties; to sign all orders upon the Treasurer; to generally supervise the employees and property of this Corporation; and to page 11 perform such acts during fires and at all other times as shall in his judgment promote the objects of this organization.

The duties of the Vice President shall be confined to such times as the President, in consequence of sickness or absence from the City and County of San Francisco, shall be incapacitated from acting, in which case, he shall assume the duties of such President.

The Secretary's duties shall be to keep regular minutes of all proceedings at the meetings of the Directors, and of the members; issue notices of meetings; keep accounts of dues and assessments, and furnish each member with such statements thereof, as the Directors shall prescribe; countersign all orders drawn upon the Treasurer by the President, in due form; and perform such other duties, as the Directors shall require of him.

The Treasurer's duties shall be to collect all money due this Corporation, and keep exact accounts of all such money received and disbursed, and pay out the same only on orders drawn on him, by authority of the Directors, which orders shall be signed by the President and countersigned by the Secretary. He shall report quarterly to the Directors such receipts and disbursements, and at such other times as the Directors shall so order.

The Directors shall, within three days after their election, meet and elect from their members, a President, a Vice President, a Secretary and a Treasurer, who shall be the officers of this Corporation.

The Directors' duty shall be to organize the Fire Patrol Corps, which shall consist of a Captain and such other employees as they shall deem necessary and expedient; fix the compensation of such Corps, and remove or suspend any member thereof at pleasure; to provide rules and regulations for the government of such Corps, prescribe their duties and provide the necessary quarters, apparatus, and supplies for such Corps and for this Corporation, for the cost of all which (to be within appropriations made by the members) the President must draw money orders 011 the Treasurer.

The Directors shall hold regular monthly meetings, at their room at the Corporation's head quarters, on a date and at an hour in each month to be determined by resolutions of at least a majority of the members of the Board. A majority of the Directors shall be requisite to constitute a quorum for the transaction of business. The compensation of the officers of this corporation shall be such, as from time to time, shall be allowed by a two-thirds vote of all the members of the Corporation.

Article VIII.

The term of office of the subordinate officers of this Corporation shall be limited to the pleasure of a majority of the Directors.

Article IX.

The penalties for violation of any of the provisions of these By-Laws, shall be such fines as from time to time, shall be imposed by a two-thirds vote of all the members of this Corporation, not to exceed in any one case the sum of one hundred dollars.

Article X. Duties of Members.

Each member shall serve faithfully on any committee, when appointed by the President, and shall report to the Secretary, on or before the first days of January, April, July and October of each year, a statement of the gross premiums, less return premiums and re-insurances received by him, for Fire Insurance on property in San Francisco, during the quarter ending on the last day of the month preceding such statement, for each Company represented by him. Members of this organization shall pay to the Treasurer the sum assessed on the quarterly receipts reported by him, within ten days from the date of such assessment.

Article XI. Assessments.

The Board of Directors shall have power to assess the members of the organization, on the basis of net City Fire Premium Receipts, i. e., Gross City Fire Premium Receipts, less City Fire Return Premiums and City Re-insurances; but no assessment exceeding one per cent, shall be made without special authority of the organization, granted at a regular meeting or at a special meeting called for the purpose.

We, the undersigned, members of the "Underwriters' Fire Patrol of San Francisco," a Corporation formed and existing under the laws of the State of California, do hereby sign respectively our written assent to the adoption of the foregoing Eleven Articles, as the Code of By-Laws for the government of the said "Underwriters' Fire Patrol of San Francisco," on this the twenty-ninth day of November, A. D. one thousand eight hundred and seventy-five, (November 29, A. D. 1875,) at the City and County of San Francisco, State of California.

We, the undersigned, the President and Secretary of the "Underwriter's Fire Patrol of San Francisco," hereby certify that the foregoing is a correct copy of the Code of By-Laws of the said "Underwriters' Fire Patrol of San Francisco."