Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-03-29

Maine hereunto affixed, this day q
......... in the year........Un these ulanMs
Of the certificate shall be inserted.)
The secretary shall sign the name ana
cause the seal of the state to pc tnereto
elusive evidence of the existence OF such
corporation at the date OF such certin-
cate He shall cause record OF sucn
certificate to be made; ,rnoro,,on NAV
hold at any one time, as a death fund pc.
longing to the beneficiaries OF anticipated
deceased members. an amount not ex-
ceeding one assessment from general or
unlimited membership. or an amount not
exceeding In the aggregate one assess
ment from each limited class or DIVISION
in this section shall be held to restrict
such fund to less than twenty-five thous-
and dollars.
mence to do business or issue any certl-
ficate until 1t has presented to the insur-
ance conn missioner and received his certifi-
cation that 1t has obtained not less than
five hundred bona fide applications Tor
with the treasurer of state at least one
gency fund.- which shall be held and APP
piled in accordance with the provisions
of section six OF chapter two hundred ana
hundred and eighty-nine as amended.
All such companies or associa-
tons hereafter organized or ineor,
also comply with all provisions OF section
six of said chapter.
Section s. No charter granted under
the provisions of this act shall be valid
after one year from its date unless the
organization has been completed and
business begun Hereunder. And when
any domestic corporation has discontin-
ucd business, for the period, of one year
its charter shall become null and void.
Section Z. No such corporation shall re-
insure with or transfer its membership
certificates or funds to any organization,
unless the said contract of transfer or
reinsurance is first submitted to and APP
proved by a two-thirds vote of the MEM
bers of each association or society pre-
sent at meetings called to consider the
same. of which meetings written or
printed notice shall be mailed to each
certificate holder at least thirty days be-
fore the date fixed for said meeting. nor
unless the said contract of transfer or re-
insurance is first submitted to and APP
proved by the insurance commissioner.
Section s. Any fraternal beneficiary
corporation existing under the laws of
this state, and now engaged in transact
ing business as herein defined. may re-
incorporate under the provisions of this
act: provided. that nothing in this act
contained shall be construed as requiring
any such corporation to re-incorporate;
and any such corporation may continue
to exercise all the rights. powers and
privileges conferred by this act. and its
articles OF incorporation not inconsistent
herewith. and shall be subject to the re-
quirements and penalties of this act the
same as II re-incorporated hereunder.
Section 3. Fraternal beneficiary cor
porations, associations or societies organ
lied under the laws of another state or
country, now transacting business in this
state as herein defined. and which now re-
port or which shall report when requested
to the insurance department may con-
tinue such business upon complying with
the provisions of this act. Fraternal bene-
ficiary corporations. associations or So
cietieS not now transacting business in
this state, which may hereafter desire t.
do so, shall first obtain license therefor
from the insurance commissioner. Such
corporation, association or society shall
furnish the commissioner with a certified
copy of it's charter and bylaws. with a
statement under oath. showing its mem.
bership and financial condition, with d
power OF attorney. as hereinafter speci-
fed, and shall also furnish the commits
sioner with such other information as h,
shall deem necessary to a proper exhibit
of it's business and standing and plan OF
working. and If he deems IL expedient. h,
may license such corporation. association OF
society to do business in this state in ac
cordance with the provisions of this act
For such license he may receive fee OF
twenty dollars.
doing or hereafter admitted to do bust
ness within this state and not having 1t.
principal office within this state. and no
being organized under the laws of thi.
state. shall appoint in writing the insur
ance commissioner and his successors |,
.. Office to be it,. true and lawful attorney
upon whom all lawful process in any az
: tion or proceeding against II may b,
served. and in such writing shall agre,
= that any lawful process against it whicl
!, is served on said attorney shall be of tn,
. same legal force and validity as if serve,
upon the association, and that the au
thority shall continue in force SO loni
this state. Copies of such certificate, Ger
+ titled by said insurance commissioner
r shall be deemed sufficient evidence
thereof and shall be admitted in eyidenc
With the same force and effect as the orig
inal thereof might be admitted. Servic
!, upon such attorney shall be deemed suf
When legal process against any such as
ISOLATION is served upon said insurance
commissioner. he shall immediatel.
l@tte prepaS ana dr e sdcn 10 W
,, tary or corresponding officer. and shall
within two days after such service for
!. ward in the same manner copy of Il, tn
. plaintiff in such process SO served shall
pay to the insurance commissioner at tn
time OF , such service fee Of tyr, two dollars
E of the taxable costs, If he prevails in th'
l suit.
e Section IL. No certificate issued By an.
/, association tranSacting business unde
l this act shall be valid or legal which shall
be conditional upon an agreement or un
= derstanding that the beneficiary shall pa!
Z the dues and assessments, either o
! them, for said member. Any corporation
! authorized to transact business as defined
! in this act may employ paid agents in sole
!! iting business But no person shall act a
; such an agent until he has first beef
licensed therefor by the insurance com
missioner in accordance with the provis
Z ions Cd section seventy-three, of cnapte
forty-nine of the revised statutes. and an,
. person violating this provision shall
Z upon conviction, be punished as provideS
! in said section seveHty-three. Fer slicl
= license the commissioner shall receiv,
Q two dollars.
d Section IL. Every corporation, associa
alton or society doing business hereii
: defined shall annually, on or before tn.
: first day of March, report to the insur
!, ance commissioner the names and ad
dresses of its president. secretary an,
n treasurer. or other officers answering
: thereto, and shall make such furthe
n statements of its membership and finan
I cial transactions for the year ending OF
\ the preceding thirty-first day of Decem
|. Der. with other information relatin,
{ thereto. as said commissioner may deem
n necessary to a proper exhibit of its bust
Z ness and standing: and the commissions
: may at any other times require an,
further statement he may deem necessar,
\ to be made relating to such corporation
4 Section 49, Any person who shall solici
: membership for. or in any manner assis
, in procuring membership in any sucl
}. corporation or organization doing a bust
: ness not authorized by this act, or VIII,
| shall solicit Nom hnrs,oip for or in an,