105. The order of business at the organizing meeting shall be as follows:(a) election of the chairman and the secretary of the meeting;
(b) reading of the memorandum of incorporation and of the notice provided for in section 101;
(c) consideration and adoption of the internal by-laws;
(d) election of the members of the board of directors;
(e) appointment of an auditor;
(f) opening of the register of policies issued and of undertakings of subscription by future members.