St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1907-05-10
limitation and control Of the association
as to the designation Of benetciaries

as to the designation OF benehciar1es
Sec. I. No association shall admit t.
beneficial membership any person les:
than sixteen Q6) nor more than sixty
600 years of age, nor any person Wht
i has not pnae eaeh ex nh9sielaD by ana 4 irE whose eu ex.
animation has not been approvea py tne
supervising medical authority OF the as
ISOLATION as provided by. the laws OF tne
association; provided, that such exam
ination shall not be required Of associa'
lions paying only accident or SICK bene'
fits, or funeral benefits not exceeding
Sec. 8. Every certificate issued by any
association shall specify. the maximum
amount of benefit provided by the con
tract. and shall provide that the certit1'
association and the application for mem:
bership and medical examination, signed
by the. applicant, shall constitute the
contract between the association ana inc
by the secretary Of the association, OF
corresponding officer, shall be RECEIVED ir
evidence Of the terms and condlt19ns o.
or amendments 81 to $. Said charter or arti.
cles of association, constitution OF
laws duly made or enacted subsequent to
the issuance of the benefit certificate shall
bind the member and his bene1c1aries
and shall govern n control the con-
tract in all respects the same as though
such changes. additions or amendments
had been made prior to and were IN force
hership. Provided that any association
hereafter organized or admitted to do
business in this stae shall. in it's certifi-
Gates specify a fixed minimum amount OF
Sec. 8. Any association may create
maintain, invest. disburse and apply a
reserve, emergency, surplus or otner rune
laws for the purposes specified in section
s of this act. Any such association so
creating, maintaining, investing, disburs-
ing, or applying any such reserve: emer-
to be organized or carried on for profit
within the intent of the provisions of
section 1 Of this act. Such funds shall be
held. invested and disbursed for the use
member or beneficiary shall have or &C.
auire any Individual rights therein, or
be entitled to an apportlonmenI or the
surrender Of any part thereof. The funds
the funds from which the expenses Of the
association shall be betrayed. shall be
derived from periodical or other
bscr the mem nh sa Gf the f;,na ASSOCIATION and ev an1
such association shall provide In its con-
stitution or laws that If such regular pay
ments are insufficient to pay all matured
death n disability claims in full and to
provide for the creation and maintenance
of the funds required by it's constitution
and laws. extra assessments, or other
payments. may be levied upon the mem
bers to meet such deficiency.
Sec. 10. Any association may invest its
funds in and hold real estate for lodge
and office purposes, and any rea! estate
acquired by foreclosure or received In
convey the same. Any such association
may also invest it's funds in government
state, provincial. county or municipal
or school district having taxing powers
provided that such bonds shall be a direct
obligation on all the taxable property
within such municipality or district, and
or district shall not exceed five 90 pei
centum Of h value Of all taxable prop
erty therein, according to the last valua
flPn sa d9r t taxation ~ p Re s1sf the 1ss gaa &C
first mortgage, bonds upon improved rea'
estate for not exceeding, fifty (50) pei
centum of the actual cash value thereof
however. that every foreign association
shall be empowered to invest it's funds
IN such securities as may be permitted by
the laws Of the state, province, or country
in which it is organized.
Sec. II. Every association h make
provision In it's constitution n laws fol
payment by members Of such an asso'
citation, which provision shall state the
Ru = St. ct the same and a proportion
and no part Of the money collected fol
mortuary or disability purposes and nj
part of the reserve, emergency or sur
plus funds or the net accretions Of either
expenses.
Sec: u. The money or other benefits
charity, relief OF aid, to be paid, pro"
vided or rendered by any association au.
shall. neither before nor after being paid
be liable to attachment, garnishment, OF
other process, and shall not be seized
fesal or a eauifmbla pro cg applied pT nnara by any y
lay to pay n debt or liability OF a Ger.
tificate holder or of any beneficiary
named in a certificate. or Of any persoi
associations are hereby declared to b.
charitable institutions, and the property
held used for lodge purposes. and the
funds of such associations shall be ex
tax or revenue laws of this state. Excep
that the real estate Of such association
shall be taxable.
citizens Sss: IS Ct sf tne United Ss most States erse ans
this state, who desire to form E
f%raternal beneficiary association, as de.
t giving 0f th ea!S a dded5: may mdks ac ana sitgdH1
acknewiedgment Of deeds, articles 'Ao o.
association in which shall be stated:
First-The proposed corporate mann Of
the association, which sha not so closely
resemble the name Of any association OF
insurance company already ransa citing
business In this state as to mislead the
public or lead to confusion.
Second-The. purpose for which it Is
formed,-which shall not include more
liberal powers h are granted by this
intellectual, educational. moral or 70:
iigious advantages may be set forth
among the purposes of the association
and the mode in which its corporate pow.
ers are to be exercised.
Thtr0-The names residencaa and ofA.
cial titles of all the officers. trustees. di.
rectors, or other persons who are to have
and exercise the general control anf
management of the affairs and funds O.
the association for the first wear or unit
the ensuing election, at which all such
officers shall be elected by the supreme
legislative or governing body.
certified copies Of the constitution ani
law IS, rules and regulations. and COPIES
tiflcates; applications therefor and litera:
ture to be issued by such association, anc
a bond In the sum of 5000 with sureties
approved by the insurance commission.
er, conditioned upon the return Of tn,
section. to applicants. If the organization
is not completed within one year, OF
after such further period. not e%xceedins
one year, as may be, authorized by the
with the insurance commissioner. WIZ
may REQUIRE such further information a.
he deems necessary, and if the purpose.
quirements of this act and all provision.
Of law have been complied with. the in
surance commissioner shall so certify an(
retain and record the articles of associa.
ton in a book kept for the purpose ant
furnish the incorporators a preliminary
certificate authorizing said association tt
solicit members as hereinafter provided
Upon receipt Of said certificate from
the insurance commissioner said associa.
tlon may solicit members for the purpose
Of completing it's organization and shall
of not less than one death heneft assesa