William Penn Life, 1970 (5. évfolyam, 1-4. szám)
1970-08-01 / 3. szám
counsel fees by the William Penn in connection with this Merger. 15. It is further agreed by and between the parties that upon approval of the Merger Agreement by the respective Insurance Departments and acquisition of the American Fund the William Penn will receive credit on account of all expenditures, including legal, special American Life and William Penn Board Meetings incurred, and expenses of litigation in the Ohio and Federal Courts. 16. It is further covenanted and agreed by and between the parties that each respective officer and Board Member of both the American Life and William Penn will use their best efforts to facilitate ATTEST: (SEAL) approval of this Merger Agreement and subsequent acquisition of the American Life assets. 17. The Officers or Board of Directors are authorized and directed to make any changes in form or subject matter not substantive in nature and to give such notices to comply with recommendations or directives made by the Insurance Commissioners of either state. 18. It is agreed by and between the parties that the laws of the Commonwealth of Pennsylvania shall apply to the construction of every part of this Agreement and the meaning of words and phrases herein, whether this Agreement was executed within the Commonwealth William of Pennsylvania or any other jurisdiction. IN WITNESS WHEREOF, the WILLIAM PENN FRATERNAL ASSOCIATION of Pittsburgh, Pennsylvania, and the AMERICAN LIFE INSURANCE ASSOCIATION of Bridgeport, Connecticut, pursuant to resolutions duly adopted, authorized, empowered and directed, the National President, the National Secretary, the President and Vice President and Secretary, respectively, to execute this Agreement and affix the seals of the societies hereto, do hereby execute this Agreement and affix the seals of the said societies this day of , 1970, intending to be legally bound hereby. Fraternal Association National Secretary National President ATTEST: (SEAL) American Life Insurance Association Vice President and Secretary President Mailing of this issue oj our publication was held up one week, after printing, in order to insert the delayed Official Notice and Merger Agreement, for the conclusion of the procedure within sixty days required by law.
