queries relative thereto, and assist as far as possible the Committee
in its examination.
COMMITTEE ON CHARTERS
SEC. 42. The Committee on Charters shall have full power to grant
or refuse charters, subject to the approval of the Board of Directors.
COMMITTEE ON SUPPLIES — DUTIES
SEC. 43. The Supreme Knight, Supreme Secretary, Supreme
Advocate and two members of the Board of Directors shall constitute
the standing Committee on Supplies. They shall prepare blank forms
for applications for membership, medical examinations, insurance
vouchers, books, records, and all necessary blanks and forms provid-
ed by the laws and rules of the Order, which shall be approved by the
Board of Directors, and when so approved, said Committee on
Supplies shall direct the purchase of all current necessary supplies,
and of such supplies as may be determined necessary and expedient,
and may adopt rules and regulations for the purchase of supplies by
the Supreme Office.
Said Committee shall fix the price of all supplies to officers and
subordinate councils at such price that the Order shall receive a
return for such supplies from subordinate councils and officers at
least the cost thereof and the necessary expense of express or
postage thereon, and may direct the Supreme Secretary to furnish to
subordinate councils and officers supplies so provided for by said
Committee, at the prices to be fixed therefor, and to collect said price
from said subordinate councils or officers, and it shall be obligatory
upon subordinate councils to use only supplies furnished as afore-
said.
Order of Business
SEC. 44. Order of business of Board of Directors:
1. Roll Call.
2. Reading of Minutes.
3. Appointment of Committees.
4. Communications.
5. Supreme Secretary’s Report.
6. Supreme Treasurer’s Report.
7. Supreme Advocate’s Report.
8. Supreme Physician’s Report.
9. Report of Secretary and Treasurer on Reserve Fund.
10. Reports of Committees.
26 LAWS GOVERNING SUPREME COUNCIL
11. Report of Supreme Secretary on State of Insurance, Interest and
Taxes.
12. Miscellaneous Reports.
13. Unfinished Business.
(a) Referred by Supreme Council.
(b) From Previous Meeting.
14. New Business.
15. Determination of General Expense Assessments.
16. Hearing of Appeals.
17. Adjournment.
CHAPTER VII
FUNDS OF THE ORDER
GENERAL ACCOUNT FUND
SEC. 46. In addition to special funds that may be established and
the separate account for all transactions pertaining to the accident
and health program as provided in Section 47, there shall be the
General Account Fund which shall consist of all moneys or other
property received by the Supreme Council from all sources whatso-
ever, other than on account of special funds and the Accident and
Health Fund.
SEC. 47. There is established a separate account for all transac-
tions pertaining to the accident and health program, to which account
shall be credited all contributions collected for accident and health
contracts and accretions thereto and to which accounts shall be
charged or allocated all losses and expenses incurred in connection
with such contracts and all dividends paid, if any. No part of moneys
collected for any purpose, other than accident and health contracts,
and no part of the accretions thereto shall be transferred to the acci-
dent and health account to be used to pay any losses or expenses of
the accident and health program or to maintain the required reserves
thereon except the sum transferred from the unassigned General
Account Fund to the Accident and Health Fund by the Supreme
Council. Any deficiency in the Accident and Health Fund shall be
apportioned only to accident and health contracts. The Board of
Directors may transfer all or any part of the surplus in the Accident
and Health Fund to the General Account Fund. Nothing in this section
shall be construed as applying to the Order’s Long Term Care products.
How Deposited
SEC. 50. The funds of the Order, except the portions thereof repre-
sented by bonds, mortgages, certificate loans or other securities or by
interest or other items accrued or receivable, shall be deposited in
such depositories as may be designated by the Board of Directors and
under such rules as it may prescribe.
KNIGHTS OF COLUMBUS 27
DISBURSEMENT OF FUNDS
SEC. 51. Funds of the Order shall be disbursed in such form and
manner as shall be determined by the Board of Directors.
SPECIFIC DESIGNATION
SEC. 52. Funds of the Order shall be specifically designated accord-
ing to the particular purpose for which they are created.
EARNINGS
SEC. 53. All earnings upon the several funds of the Order or any
investment thereof shall be credited to the account of said funds, less
such deductions for investment expenses of such funds as shall be
authorized by the Board of Directors in accordance with law.
MORTGAGE CONDITION
SEC. 54. Whenever the funds of the Order shall be invested on
mortgage security, the mortgage or the note secured thereby shall
contain a condition that payment thereof shall be made only to the
Knights of Columbus at New Haven, Conn., by certified check
payable to “Knights of Columbus,” and that no other form of payment
shall discharge said mortgage indebtedness. The said check shall be
deposited to the credit of the fund to which it belongs.
LIMITATION OF DEPOSIT
SEC. 55. No deposit shall be made of any funds of the Order in
excess of twenty per cent of the capital, surplus and undivided profits
of the depository.
28 LAWS GOVERNING SUPREME COUNCIL
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