The Building Society Board of Directors met Thursday, September 11, 2006, to consider proposed changes to our by-laws recommended by a committee of:  Bill Borndahl, Chairman; Jim Severson; Les Amack; and Jostein Bakken.  This committee also presented suggestions for a Building Society Mission Statement which the Board of Directors approved.

The following By-Law changes are recommended for adoption at the 2007 Building Society annual meeting.

Article I.  Mission
The mission of Skjold Building Society is to select a meeting place for Skjold Lodge meetings and other functions.

Article V.  Election of Officers
Par. 3.  A quorum for the Board shall be five (5) members.  [Eliminate the phrase "to include at least two (2) officers.]

Article VI.  Duties of Officers
Par. 4.  Treasurer.  [Eliminate the line that states:  "The Treasurer shall pay normal day-to-day expenses of running the Building Society in a timely manner."]

Article VII.  Duties of Board of Directors
Par. 2.  All payments, donations, loans, gifts, and other such expenditures shall be approved by majority vote of the Building Society Board of Directors.

All loans will be in writing signed by a duly appointed agent of the party receiving the loan, and authorized by the Building Society Board of Directors.

Par. 4.  The Skjold Building Society Board of Directors will conserve, invest, and dispense the funds held by the Building Society under the careful scrutiny of the Building Society's Executive Committee.