The interior journal. [volume] (Stanford, Ky.) 1872-1881, 1880-04-23
CHAHTER AND BY-IAUs or rUE,
EFNTrCKy BsPTTsTAssTR-
aver ASSOCIATION.


q. Nevius, R.W. Hooker, X. T.. Barrow and
". +. Kirtley and their associates and sue
cessOrs, be, and are hereby created a body
corporate, under the name Of "the Ken
lucky Baptist Assurance Association,
with power TO s1e and be sued, contrac
and he contracted with, the right TO &C
quire and hold property, real, personal and
mixed, not exceeding the sum Of Eight
Thousand dollars, with the power to dispo-,
Of sane for benevolent purposes herein de
clared, and may make such bylaws ant
regulations as are necessary TO carry on
the intentions and purposes of this Act Of
incorporation, not inconsistent with this
charter and the general laws Of the land,
and may have corporate seal, renewable
and changeable at pleasure, and may have
perpetual succession.
~. The principal Office Of this Associa.
ton shall be in Stanford, Kentucky, aud
the persons named above shall constitute
the first Board Of Directors. and from
which number they shall select the Officer,
Of the Association, to-wit; A President
Vice. President, Secretary and Treasurer
and such other officers ~ they may deem
requisite for the management Of the bust
ness. They shall hold their offices for one
year, and until their ~ ,cessors are elected
and qualified. The Board Of Directors OF
this Association shall consist Of not les
than nine nor more than nineteen, at least
nine Of whom shall be residents Of Lincoln
County, Kentucky, and Eve Of said nine
shall be members Of the Baptist Church OF
Lincoln County, and said nine Directors
shall constitute a Local Board, who shall
conduc, and manage the affairs Of the As
and a majority Of whom shall
a quorum TO do any aud all bus
iness, and may proceed at pleasure to or
ganize fully. The remaining ten shall
an Advisory Board, and may re-
side in any portion Of the State Of Ken.
lucky, and they shall he elected by the
Local Board Of Directors Of Lincoln Coun.
ty, and shall hold their Offices at the will
aud pleasure Of said local Board. The
Local Board Of Directors shall be elected
by the members Of the Association upon
the first Monday in April Of each and
every year, and they may vote in person or
by proxy, and the persons 30 elected shall
hold their offices until their successors are
elected and qualified. The Board Of Di-
rectors may fix the salaries Of their Officers,
and prescribe in the bylaws their duties
and the amounts and conditions Of such
bond as they may require Of them, and all
other acts within the puryiew Of this ebay
ter, and not inconsistent with the general
law. Should a vacancy occur IN the Board
Of Directors majority Of the remaining
Of the Board shall have the power
to ill il, and for such purpose may vote
in person or by proxy.
3. The Board Of Directors may acquire
the fund mentioned in Section Number
One from the money paid into the Treas.
ury as membership fees, annual lees, and as
fees on the death OF mem bers
after paying the expenses Of the Associa-
tinn, and the certificates Of Life Member
ship Of deceased members, which fund shall
be held, controlled and disposed Of by the
Directors for the best interest Of the Asso-
citation. Upon the payment Of member
ship fees each member shall receive Ger
Iihcate OF Life Membership for each ID.
risioa which he or she NAV enter, Of such
ievice as the President and Directors may
adopt, which shall be signed by the Presi-
lent and Secretary Of this Association, and
have It's Corporate Seal affixed thereto, and
il shall express on its face the obligation Of
this Association and member, and the ben
efts to accrue 10 the beneficiary in case Of
death, and the Board of Directors may re-
ceive as members Of this Association such
persons as may be recommended, male or
female, Of sound health and good standing,
shall pass satisfactory medical ex-
aud be between the ages Of
eighteen and tifty-fye year., but said
Board Of Directors may reject any appli-
cation for membership. All members may
be assigned 10 Divisions Of Two Thousand
each, and there shall not be more than
Three Divisions. Tbs accounts Of each
Division shall be kept separately. The
'ame person may hold one membership in
zach Division. The members Of each Di-
vision shall be divided into classes, accord
ing 10 their several ages Those from
eighteen TO thirty shall constitute one class;
hose from thirty 10 forty another; those
from forty to fifty another; those from ffly
10 iifty-fye another, and by Bylaw the
Board Of Directors shall fix the annual
lues and assessment dues payable by each
;lass upon the death Of a member. The
certificates Of Llfe Membership shall be
consecutiyely, hut should the
holder OF any certificate die, or forfeit his
membership, such vacancy may be filled by
, new member, thus keeping each Division
Tiled 10 its maximum at all times, and the
ocal Board Of Directors may Regulate by
By-Iaws the time Of all regular and call
Of the Board, and may fix by By
Law the rules and principles by which
he Association may try and expel a men,
Der, or adjudicate upon his rights, duties
and forfeilures a. member of the Asso-
cation.
4. The object Of this Association is to
,reate and provide fund for the families,
relatives and friends of deceased persons,
md the Board Of Directors shall determine
BY Bylaws what Certificates Of Life Mem
Dership are assignable or transferable, and
ipon what terms they are to be transferred.
Upon the decease Of any member Of this
Association the fund shall be paid TO the
person or persons designated in the Ger
iifcate Of Membership, or to the person
Dr. persons TO whom the Certificate
Df Membership has been transferred
'r assigned; this being changed by death,
lr otherwise impossible, il shall 20 to the
egal heirs or bene6ciaries Of the deceased
member, and II the beneficiary have no le-
gal heirs, Il is TO be held by the Associa-
lion and transferred TO the fund mention
"a in Section Number One, and the funds,
lr any part thereof, due any person by the
Heath Of any member shall not be subject
10 the claims Of creditors for any debt or
liability, and shall not be reached by at
iachment Of punishment, or other process
II law, so as TO divert its benefits and use
rom the persons above named.
D. There shall be an admission fee Of
tx dollars and such annual dues as may be
required by the Local Board Of Directors,
and upon the death Of a member an asses
ment Of one dollar or more, as may be de-
iermined TO be Just; and the Local Board
Df Directors may alter the amounts 10 be
paid a. membership fee, annual fee, or as
sessments for death losses, by increasing or
any or all Of said fees, as ex-
perience may indicate.
Q. On notification by the Secretary Of
The death Of any member, each surviving
member shall pay into the Treasury, with
In thirty days from the date Of notice, the
Zee stipulated in the Certificate Of
Life Membership, out Of which fund shall
be paid, in sixty days from the date Of the
proof OF the death Of such member imam
ner Of the proof Of death shall he regu-
lated by By-Lawsl, TO the beneficiary Of
The deceased member an amount not less
a u q y.