The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1894-07-03

sembly OF the State of New Jersey, That it shall
be lawful for any corporation, society voluntary
association or hereafter formed or organized
and carried for the sole benefit of its members
and their benetciaries and not for profit, to have
and create subordinate lodges with Ttualisic form
of work and representative form OF government,
and to issue certificates of membership, make pro-
vision for the payment OF benefits in case of sick
ness, disability death of its members subject to
their compliance with its constitution and laws in
which the fund from which the payment OF such
benefits shall be made and the expenses of such
association shall be betrayed and shall be derived
from assessments or dues collected from its mem
bers. and in which the payment OF death benefits
shall be to families heirs blood relatives. aianced
husband or aianeed wife of, or TO persons depend
ent upon the member such corporation, society
of voluntary association now existing or hereafter
formed or organized, shall be and is hereby de-
clared TO be tratefna beneficial society and shall
be governed by thus act, and shall be exempt from
the provisions of the insurance laws OF this state,
ana no law hereafter passed shail be apphed TO
them unless they be expressly designated therein
all funds of such fraerna beneficial societies shall
be exempt from the state tax money at interest.
2. Ana be it enacted, That within sixty days at
ter the passage of this act all supreme grand or
other bodies which may be known to constitute
the head of any fraterna beneficial society doing
business within this state, provided in the first
section of this act shall file through its proper Of
ficers representatives with the Insurance com
missioner a copy of their constitution and gener-
al laws, and annually any alterations, changes OF
amendments, whose duty it shall he to register
them without charge in the insurance department
raternal beneficial societies, and when so regis
tered, they shall be exempt from any and all fees
and taxes imposed by existing laws upon insurance
companies reporting to said department
B. And be it enacted, That the executive officers
of each such supreme grand lodge of any fra
terna beneficial society doing business in this state
shall, before the first day OF March OF each
year, make report under oath on a blank to be
provided by the insurance commissioner, which re-
port shall be printed as part OF nus annual re-
port of the operations OF said society in TINS state
| for the preceding fiscal year ending December
thirty first, in form as follows;
Name of the society or association with its prin-
cipal office or place of business.
II. INCOME.
| First. Annual dues;
/ Second Assessments;
Third. All other sources;
Fourth. Total income during the year.
III. EXPENDITURES.
First. Losses and claims paid
Second Salary and other compensation of of
Third Rent;
| Fourth Office expenses;
Fifth. All other expenditures.
". ASSETS.
First. Real estate;
Second. Loans mortgages;
Third. Bonds and stock owned absolutely;
| Fourth. Cash in Office or bank
Fifth. Due from members on assessments called
or pending collection;
sixth. An other assets Stating character)
V. LIABILITIES.
First Losses and claims unpaid;
Second. Salaries due and unpaid;
Third. Borrowed money;
Fourth. All other liabilities (stating character.
VI. EXHIBIT OF MEMBERSHIP.
First Total members in good standing Decem
Der thirty first, one thousand -- hundred AM
- number,
Second Total number of members received b.
initiation admission during the year; mum
Der,
Third. Total number
Fourth. Deduct members retiring by withdraw
| al or suspension during the year; number.
Fifth. Deduct members who have died durin
the year +; number. -.
Sixth. Total members in good standing Decem
Der thirty-frst, one thousand - hundred an
L. And be it enacted, That any fraternal bene
fetal society failing to register required by tn
second section of this act to make the report re
quired by the third section OF this act is prOhibite
from doing business in this state, and the officer
of societies violating these requirements shall b
deemed guilty of misdemeanor and upon con
victon shall be fined not exceeding one hundre
dollars for each otfense; provided always, tina
nothing in this act shall be construed as to Civ
the insurance commissioner any supervision or au
, thority in any matter or thing whatsoever pertain
ing to the business of any raternal society pre-
scrbed in the first section of this act, other tina
is expressly provided for in the second and thir
, sections hereof; and provided further, that a
beneficial and relief associations formed b
| churches, societies. classes, firms or corporation
with or without ritualistic form of work, the priv
, ileges and membership in which confined
the members of such churches societies or classt
! and to the members and employees of such firms
corporations, shall be exempt from the provision
of this act and provided further, that this az
shall not apply to any secret fraternal benefcii
society, order or association which has for one
its objects the payment of sum not exceeding
certain amount at the expiration of fixed periO,
feet Immediately.
n Approved April %. 1891.