Fraternity-Testvériség, 1965 (43. évfolyam, 1-12. szám)

1965-04-01 / 4. szám

No member, beneficiary or any other person, association or corporation shall have any property right whatsoever in any of these funds, except as may be provided for by these by-laws.

ARTICLE XI

INSURANCE DEPARTMENT ADULT INSURANCE PLANS

Certificates — Dues — Age — Amount of Insurance Change in Plan — Tables of Rates

90. In accordance with the rights granted in its charter, the Federation extends to its members life, endowment, accident, sick benefit, hospitalization and any other certificates containing the respective rights and obligations of membership, as issued from time to time in accordance with plans approved by the respective states.

91. Applicants for membership shall pay dues for their certificates according to age nearest to their birthday at the date of application.

92. The Federation issues certificates of insurance from two hundred fifty dollars ($250.00) 1c fifty thousand dollars ($50,000.00) between the ages of 16 and 65. Accidental death certificate riders may be issued to the face amount of the

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B Y= L AW S

(The Third Continuation)

ARTICLE X

PROPERTY — INCOME — FUNDS

87. The property of the Federation shall consist of all assets of every kind and nature now belonging hereto and all that which in the future shall arise from membership dues, assessment retes under certificates and endorsements issued by the Federation, income on investments, donations, bequests, or anything which shall be otherwise acquired by the Federation in any legal manner.

88. The income of the Federation shall consist of dues, assessments on certificates and endorsements issued by the Federation, income on investments, bequests or any other money received by the Federation in a legal manner.

89. All the property and income of the Federation shall constitute and shall be handled in the following funds:

a) The life insurance fund.

b) The sick benefit fund.

c) The hospitalization fund.

In addition to the above, the Federation may handle as trustee other funds for which it is accountable. The accounting of all funds shall comply with the respective state laws.

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FRATERNITY