The citizen. (Honesdale, Pa.) 1908-1914, 1913-02-11
AMERICAN FRATERNAL POLICY
HOLDERS MEET
Resolutions of Settlement i'm Answer
to the Query of the State Depart
ment of Insurance Adopted.

ment of Insurance Adopted.
The policyholders of the American
Fraternal Association met in the
court house in Honesdale Friday af-
ternoon and drew up resolutions of
settlement. There were about sixty
policyholders present including
their attorney, P. H. Iloff. Chas. Nc
Hale, of Hawley, acted as chairman
and presided at the meeting. The
affairs of the American Fraternal
Association were discussed and re-
ports read. The following resolu-
tions were adopted:
BE 1T RESOLVED and it is here
by resolved that the certificate hold
ers of the American Fraternal Asso-
citation of Honesdale, Pennsylvania,
this 7th day of February, 1913, in
convention assembled, that NJ. j..
Hanlan, c. NJ. Betz and A. w.
Abrams be and are hereby appointed
committee to submit the follow
ing as a compromise settlement of
the affairs of the American Frater-
nal Association in response to ten
tative proposition of settlement sub
mitted by Carpenter and Fleitz, at
torneys for Thomas P. Donaldson,
Deputy Insurance Commissioner for
the State of Pennsylvania on the first
day of February, 1913:
First: That the sum of $4,000
lawful money of the United States
of America, together with interest
from January 1st, 1910, be placed
in the hands of the Insurance Com
missioner of Pennsylvania on or be-
fore May 1st, 1918.
Second: That the fund thus Great
ed be distributed pro rata to certi-
ficate holders of the said American
Fraternal Association in good stand
ing on January 10, 1910.
Third: That distribution as afore-
said be made by the said Insurance
Commissioner or his deputy on or
before July 1st, 1913, without any
deduction or expense to said certifi-
cate holders in good standing on
January 10th, 1910.
Fourth: That no deduction or al
lowance for any expenses of any
kind whatsoever be made or allowed
for the collection of dues or assess
ments collected and paid since jan
uary 10th, 1910, on certificates held
by members of the American Frater-
nal Association in good standing on
lawful money as aforesaid sufficient
to cover all of the expenses of the
collection and disbursement of said
dues and assessments be deposited
with the said Commissioner of In
surance for distribution pro rata to
the certificates maturing or to ma
ture subsequent to that date.
Fifth: That the amount of all
lapses for nonpayment of dues or
otherwise since January 10th,
1910-shall form a part of said
fund and be distributed as aforesaid
or without cost or expense to said
certificate holders.
Sixth: That no deduction whatso-
ever shall be made from said fund
except for sick and accident benefits
or death claims actually paid on GER
tificates in force on January 10th,
1910.
Seventh-That distribution of the
fund last aforesaid shall be made
within a reasonable time after the
maturity of certificates as aforesaid.
Eighth: That all of the costs and
expenses incurred by the committee
in bringing the suit filed to No. /,
October Term, 1912, in the Court OF
Common Pleas of Wayne county,
and all of the expenses and a rea-
sonable attorney fee for the prepar-
alton and conduct of the suit and an
investigation of the affairs of the
said American Fraternal Association
be paid to the aforesaid committee
on or before the first day of May
| 1918.
The above 100000 mentioned is
said to be in trust in the Scranton
Trust company, Scranton, for the
policyholders and will no doubt be
distributed at an early date.