SEVENTY-FIRST CONGRESS . SEss. II . C$. 135. 1930 .
159 (d ) That the supreme legislativ e body, at a regula r or duly ingthori t yforamend- called special convention thereof, had, by a majority vote, author- ized the division and separation of its activities and the amendment of its charter, under this Act . (e) That the name under which the fraternal activities of such ac Namee for fraternal corporation shall be hereafter carried on shall be " (f) That the name under which the insurance activities of such Name for insurance act ivitie s. corporation shall be hereafter carried on shall be 13 (g) That until otherwise designated by its directors, its principal 0 Place of principal office shall be at (h) That until otherwise provided the number of its directors Directors . shall be nine, and that until their successors shall be elected the names of such directors shall be SEC . 3 . The Superintendent of Insurance of the District of App roval and Superintend- C olumb ia
by auperintend- Columbia shall examine such certificate, and if satisfied of the truth ent of insurance . of the matters set forth in such certificate the Superintendent of Insurance may approve the same and may issue his certificates show- ing compliance herewith, which certificates shall be recorded in the office of the recorder of deeds for the District of Columbia, and reco rder of, in office of such certificates when so issued shall be conclusive evidence that such corporation has complied with all of the requirements of this Act as conditions pre cedent to the separation and division of its activities as herein provided . SEC. 4. That from and after the issuance of such certificates by Division of activities. the Superintendent of Insurance the fraternal activities and the fraternal beneficial insurance activities of such corporation shall be divided and separated ; and (a) All of the fraternal activities of said corporation shall con- continuance of fra- time unchanged under the name chosen therefor in such certificate, ternalcorporatep owers . which may be the name of the original corporation or any other name chosen therefor, and in it shall remain vested, without the necessity for any further act or deed, all of the fraternal powers, activities, and functions, as well as the title, ownership, possession, and control of all property, both real and personal, and all rights, claims, contracts, and privileges connected with and belonging to such fraternal activities ; and it shall be subject to and assume, carry out, fulfill, and pay all liabilities, obligations, responsibilities, and c ontrac ts co nnecte d the rewit h . (b) All of the insurance activities of said corporation shall Insurance activities continued as a mutual continue, under the name chosen therefor in such certificate, as a lega l rese rve l ife in sur- mutual legal reserve life insurance corporation, and in it shall ante corporation . remain vested without the necessity for any further act or deed al l of the fra ternal bene ficial insu rance power s, activiti es, and fun c- tions thereof as well as the title, ownership, possession, and control of all property, both real and personal, and all rights, claims, con- tracts, and privileges connected with and belonging to such insurance activities ; it shall be absolved and relieved from any and all reshon Absolved from fra sibility obligations, and liabilities connected with the fraternal tern ai act iviti es . activities of the mother corporation, and shall be subject to and assume, carry out, fu lfill, and pay all liabilities, obligations . responsibilities, and contracts connected with and arising from such in surance acti vities
- it shall have authority to make all and ever
General insurance y
y powers conferred for insurance and reinsurance appertaining to or connected with life, benefit of members . accident, health, and disability risks of whatever kind or nature and to grant, purchase, or dispose of annuities and to furnish any aid or service to promote the health or safety of its members or their beneficiaries ; such activities to be carried on and conducted for the mutual benefit of its members and their beneficiaries and not for profit, subject to the supervisions imposed by the law of the District of Columbia relating to mutual legal reserve life insurance corpora-
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