Fraternity-Testvériség, 1977 (55. évfolyam, 1-4. szám)

1977-04-01 / 2. szám

85. Disciplinary proceedings shall be instituted by filing a written complaint with the secretary of the group authorized to conduct the hearing. Hear­ings shall be held as soon as may be convenient and decisions rendered immediately. Written notice of appeal shall be filed within one month from the date of decision. Decisions at hearings and appeals shall be made by majority vote of those present and voting. 86. Punishment of those found guilty in discip­linary proceedings shall be determined by the group conducting the hearings and may be: a) reprimand b) suspension of membership privileges for a certain period of time. c) Permanent suspension of membership privileges. 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 rates under cer­tificates and endorsements issued by the Federation, income on investments, donations, bequests, or any­thing which shall he otherwise acquired by the Fed­eration. 88. The income of the Federation shall consist of dues, assessments on certificates, income on invest­ments, bequests, or any other money received by the Federation. 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 laws of the respective states and provinces. No member, beneficiary or any other person, association or corporation shall have any property right whatsoever in any of these funds except as may he 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, 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 to one hundred thousand dollars ($100,000.00) between the ages of 16 and 65. Accidental death cer­tificate riders may be issued to the face amount of the certificate but in no event shall it exceed twenty- five thousand dollars ($25,000.00). 93. A member may have his plan or amount of insurance changed to any other plan or amount to the limits prescribed in these by-laws. Terms, con­ditions and new rates shall be requested from the Secretary. 94. The amount of dues payable under the vari­ous insurance plans, computed in one lump sum, are to be found in the Tables of Rates printed as a separate Appendix. These same tables also show the withdrawal equities as well as other non-forfeiture options. ARTICLE XII THE CERTIFICATES Issuance —■ Validity — Encumber ance Assignments Legal Action —- Restrictions — Valuation 95. Every certificate issued shall be accepted by the member upon the express condition that the cer­tificate and any riders and endorsements, the charter of articles of incorporation, the by-laws of the Fed­eration, the application for membership and the declaration of insurability signed by the applicant with all amendments to each thereof, shall constitute the entire contract between the Federation and the member. 13

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