Evening star. [volume] (Washington, D.C.) 1854-1972, 1870-07-29
OFFICIAL.
LAWS OF THE UNITED STATES,
Passed at Second Session Of Forty first Congress

IPuBLIc-No. s9I
An Acr to incorporate ths National Mutual Life
Assarsr ce Association of wa.hincton, d. U.
h at MATED ~ fhs senate and HoEs, e. RspTsssH-
stePhen }: W Tailor T. I. Donald o., " iliism A.
lhcnp~ 2, ,Ioison b. searle, Joseph h. hvans,
% S l. ii usSs s.Sscrs T T. r,in ai I1ba so9e
Ter, Gevrges nGntI1u.e, " iliiaa Wilkinson, James
o. CcLnVr. aId Il. Il French. aud their successors.
constituted = body Corporate, by the name Of
The National Lie Assurance and Trust AssJca
hon; and by that Bsaie may sue asd be sned plead
sEd be In pleaded, have coml'n seat and have all
The pGrposss Of ice eoreoration hereby created:
Prcridsf, That the said company shall be iimitej
tu-iness. and shall not establish agency any
State except in pursuance OF The law. Of said State
tiCn above named shall, within one year after the
passage 81 this act meet aud elect such officers
NAV be necessary TO perfect the orRanza ion. and
thereup7n.c or as soon theIesfTer ss may bs practi
Sailc, shall open books for the enrolment f mem
ssc. 5. And b. tfJsrser enacted, That the objects
of tis association shall be the mutual insurance OF
the lives Il the mbers and the investment of pre-
miums in trust for the benefit q; the person paying
the ssine, or some other person designated by him,
upon the erduwDre II plan. At auv meeting OF the
c"rp"ratOFs. or a majority OF them. they may pre-
scribe such rules and by laws for the government of
tEelE association and the OF its business
nN sueh rates of Insurance aud premiums, aud pro
VIDE '0r the payment OF lnss =, in such manner "a
may he necessary to carry into effect the objects of
the Incorporation: Pgortfef. That snch ruis' and
the United States, nor with any laws in force within
the DIS! riCt Ol G. unbis. which rules and by laws
may be changed nc regular meeting of the board
OF trustees Of the ,stl1n by majority OF
the members # such board present.
SEC. 8 dEd os az JsrfsfT enacted, That il shall be
lawful for the said association TO purchase hold,
aud convey r; al estate, fOlws: First, such MS
shall be requisite for the immediate accommodation
Ci rs business, cr second. such shall have been
mort gagged Ia IL in good faith by way security for
j. ans nrryicusly contracted. for money due; or,
third such shall has been 10 IL 10 At
-facoD 81 debts yiOusly contracted in the Course
81 its dealings: fourth such : shall have bean
pnrcha ed at sales upon ud ginrn q or mort
Cages obtained Or made for such aeors
sEC. 5. AHd be az further sHarfsf, That the mum
Der OF trus; ees manage the business of said cor
ruratinn shall be twenty. MAORI whom shall
be residents Of the District Ef Columbia; and the
st board shall b- elect.d from .ig the cJrpor-
stors herein named, and any vacancy existing or
occurring by death, Ie-igna ion. or otherwise, in
said cfce Of trustees, siail be filled by ballot at
such time tine by laws shall prescribe; and that
said trustees shall elect OF their number 10 be
the president of the said board who shall aisn be
their lumber a. vsce presidents of their
Der a. 81 rotary, and one at thor number treas
Of the came.
SIC. 6. Aaf be az Ju-thsr sadc,ef. That the pres
ent. vice presidents secretary, tressurtr, and the
subordinate officers and agents Of the association
shall pectyey give such security for their de.ity
aud COCO conduct a. tine board OF trustees may from
time IN time require and the board shall the sal
aries Of sGCh officers and sgent-.
APPROX ed June e, ls10.