Trustees Records, Vol. 5, 1870 (page 181)

181

Trustees. December 11, 1872

are not considered excessive.

A general statement having been made by the President
with reference to the Policies of Insurance on property in the
use and occupation of the corporation and on property which
it holds as mortgagee, it was

Voted, – that the President be authorized to procure in-
surance on the Superintendent's house and stable to the
amount of $6000. – in place of $4800, – now held in the
Mechanic's Mutual Insurance Company.

Voted, – that the Treasurer be directed to notify the
mortgagors of real estate held by the Corporation to furnish
other insurance in lieu of policies now held in the Mechanics
Mut. Ins. Company: and that in case of non=compliance
on the part of a mortgagor with the provision of the above
order, the President is hereby authorized to procure such
insurance at the expense of said mortgagor.

Monthly Schedule of Bills referred to President.

A file of bills, with accompanying schedule, having
been submitted to the Board by the Treasurer, in compliance
with the requirements of the By=Laws, and the schedule
having been read by the President, it was

Voted, – that said bills be referred to the President for his
approval, and payment by the Treasurer, if found correct.