The Portland daily press., 1889-04-05
Chapter 134.


desiring to form fraerna beneficiary corporation
purposes hereinafter provided and having signed agree
poraton, organize such in the provided
sections two and three of chapter fve of the Re-
V1sed Statutes and such corporation shall have all the
ers privileges and mmuntes, and be subject to all the
liabilities named in said section three.
SECT 2. The presiding officer treasurer and majority
OF the directors other officers shall forthwith make
sign and swear to certificate setting forth true copy of
the agreement and declaration of purpose of the associa-
on with the of the subscribers thereto the date
of the first meeting and the successive adiournment if
any, and shall submit such certificate and the records of
the corporation to the insurance commissioner who shall
make such examination and require such evidence as he
necessary and it appears that the purposes of the
corporation conform to law he shall certify his approval
thereof and the certificate shall then be filed by said Off
in the Office of the secretary state who upon pay
ment OF fee OF i've dollars shall cause the same with the
certificate in the following form
be 1t known that whereas ere the of the subscr
bers TO the agreement of association shall be nserte have
associated themselves with the intention forming
poraton under the name of here the of the corpora
ton shall be nserted for the purpose Qere the purpose
and have complied with the provisions of the statutes of
this state in such made and provided appears from
proved by the insurance commissioner recorded this
office; now therefore, (here the of the secretary
certify that said ere the of the subscribers the
agreement of association shall nserted their associates
hereby made existing corporation under the of
here the name of the corporation shall be nsered with
the powers rights and privileges and subject to the lm
tatlons, duties and restrictions which by law appertan
thereto
the seal of the state of Maine hereunto affixed, this
9 of of the ih be
The secretary shall sign the and the seal of
the state to be thereto affixed and such certificate shall be
conclusive evidence of the existence of such corporation
at the date of such certificate He shall record of
such certificate to be made.
SEoT,8 Any corporation duly organized aforesaid,
and which does not employ paid agents soliciting pro-
curing business other the preliminary organza-
ton of local branches and which conducts business
fraternal society the lodge SYSTEM limits cert
cate holders particular ORDER class fraternity
the employees of particular town city, designated firm
business house corporation may provide in its bylaws
Tor the payment from time to time, OF fixed sum by each
member and from this income may make weekly other
payments to any member during period Of disability of
such member Such corporation also provide in its
bylaws for the payment from time to time of fixed
by each member be paid the benecares of deceased
members in such amount and shall be fixed by
said bylaws and written in the benefit certificates issued to
such members and payable to the husband wife, Children
relaVes Of or persons dependent upon such MEMBER out
contract under this shall be valid legal which shall
upon understanding that the
beneficiary shall pay the dues and assessments either of
them for said member And such corporation organ
holders to particular order, class fraternity, may
poy paid agents in soliciting business But person shall
act such agent until he has first been licensed there
Tor by the insurance commissioner in accordance with the
provisions OF section seyenyhree chapter forynne of
the Revised Statutes and persons violating this provs
ion SHALL upon conviction be punished provided in said
shall receive one dollar
SECT a. Any such corporation may hold at any onetme
death belonging to the benefcares of anticipated
deceased members amount exceeding assess
ment from general or unlimited membership,
amount not exceeding in the aggregate assessment
from each limited class division of its members pro-
vded that nothing this section shall be held to restrict
such fund to less than twenty-five thousand dollars
SECT b. NO such corporation shall rensure with trans
fer its membership certificates funds to organza-
ton not authorized to do business in this state.
SECT g. Fraternal beneficiary corporations associations
or societies organized under the laws another state
transacting business in this herein Defined and
which now report which shall report when requested
the insurance department, continue such business
without incorporating under this act Fraernal beneficiary
corporations, associations societies. not transactng
business in this state which may hereafter desire do
shall first obtain license therefor from the insurance
missioner. Such corporation association society shall
ter and laws with statement under OATH showing its
membership and financial condition. and shall also furnish
the commissioner with such other information he shall
deem necessary to proper exhibit of its business and
standing and plan of working and if he deems it expedi
ent lie may license such corporation association society
to do business in this state in accordance with the provisions
OF this act. For such license he may receive fee of
twenty dollars
SECT Every corporation association society doing
business herein defined shall annually, before the
first day Of April report to the insurance commissioner
the names and addresses of its PRESIDENT secretary and
treasurer, or other officers answering thereto and shall
make such further statements of its membership and na-
ca transactions for the year ending the preceding
tyrst day of December with other information relating
thereto as said commissioner deem to
per exhibit OF its business and standing; and the
may deem necessary to be made relating such corporation
SECT. g. Any person who shall solicit membership for,
or IN any manner assist in procuring membership
such corporation organization doing business
tnorzed by this act who shall solicit membership for
In any manner assist in procuring membership in such
corporation organization not authorized herein
vded TO DO business herein Defined in this state shall