into two divisions-one for males and the other for females; and the funds accruing from said divisions shall be kept sep.

arate.

§ 4. The affairs of the corporation shall be managed by a board of seven directors, a majority of whom shall reside in or near the city of Louisville. There shall also be fourteen advisory directors, who may reside in any part of the United States, and who will be expected to lend the board their counsel and influence in conducting the affairs of the corporation. The persons named in this charter, or a majority of them, may constitute a board to do business. They shall choose advisory directors, who, like themselves, shall act until the second Wednesday of January, 1881, when, after fifteen days' notice from the secretary of the board, published in two issues of any paper printed in the city of Louisville, the members of the corporation shall assemble in said city, and choose seven directors and fourteen advisory directors to act for the ensuing year; and the members of the corporation shall be convened in like manner annually thereafter to choose the same number of directors, who shall conduct the affairs of the corporation until the next stated monthly meeting after their election, when they shall turn over the records and assets of the corporation to their successors. Should there be, from any cause, a failure to elect directors on the day herein named, the president of the board shall, within thirty days thereafter, call another meeting of the members of the corporation for said purpose, to be held in fifteen days from the date of said call, which shall be published as above provided, in which case the directors shall continue to act until the next monthly meeting following said. election, or until their successors shall qualify. Should a vacancy occur in the board by reason of the non-acceptance, resignation, or death of a member, the same shall be filled by the board itself, and the person or persons so chosen shall act until the next annual meeting of the corporation.

§ 5. In choosing directors, all the members of the corporation whose dues shall have been paid shall be electors, and shall be eligible to the office of director; and if any are unable to attend the meetings of the corporation, they can vote by proxy; the proxies to be carefully written and dated and LOC. L, VOL. 1-8

Affairs to be

managed by board directors.

office.s.

acknowledged before a notary public or other officer before whom such acknowledgments may be legally made.

6. At their first meeting, the board shall choose a presiBoard shall elect dent, vice president, secretary, and treasurer; but two of these offices may be held by the same person, if the board so elect. The board shall have power to increase the number of officers should the business of the corporation demand it.

pay of officers.

§ 7. The board of directors shall adopt by-laws defining the duties of its officers and agents, and its own policy in the management of the corporation, which by-laws may be amended from time to time, after a month's notice has been given to each director of the proposed changes. Said bylaws shall be printed and circulated among the members of the corporation, and shall be strictly adhered to in the administration of its affairs.

§ 8. The board of directors shall fix the compensation of Board shall fix its officers, having reference to the responsibility and labor of each, and shall closely scrutinize their work and accounts, so as to satisfy themselves that the business of the corporation is honestly and efficiently performed. They shallrequire said officers to give such bond as they may deem reasonable and just to all concerned.

terms of admission.

9. The board of directors shall determine who shall be Board shall fix members, upon what terms they shall be received, may reject all applications for membership, fix and determine the sums to be paid by members, control and invest the funds as they may deem best, divide and prorate any permanent funds among the members according to their rights and equities, and perform such other acts as may be necessary to fully carry out the benevolent purpose of the corporation.

raised.

§ 10. The funds by which this purpose is to be carried out Funds-how shall be raised by admission fees and assessments upon the death of a member. The members of each division shall be arranged into six classes according to their ages: those from eighteen to thirty shall constitute one class; those from thirty to forty another; those from forty to fifty another; those from fifty to fifty-five another; those from fifty-five to sixty another; and those from sixty to sixty-five another. The admission fees shall be the same for each member, but the assessments upon the death of a member shall be made according to the ages of the members, reference being had to the average expectation of life of each class.

11. Upon receiving notice of the death of a member, the secretary shall send a notice to each surviving member, and demand, within thirty days, the assessment made upon each. If any member shall fail to pay his assessment within thirty days from the sending of his notice, he shall forfeit all rights in the corporation and all claims to its benefits, and can only be reinstated by a vote of the board of directors, and the payment of all arrearages. A notice addressed to the member at the post-office named in his application for membership, or other address subsequently entered on the books of the cor poration at his request, shall be considered a legal notice for the purposes herein mentioned.

-when p. id.

$12. The fund due the beneficiaries of deceased members Beneficiary and shall be paid within sixty days after legal notice of the death of such member is given to the secretary or other officer of the corporation; and such legal notice shall be the written. claim of said beneficiaries, giving name, age, place, and circumstances of death of the member, accompanied by the sworn statements of the physician who attended him in his last illness, the minister, undertaker who officiated at his funeral, or other person cognizant of the fact of death. The amount paid the beneficiaries of a deceased member shall not exceed five thousand dollars for each division to which such member belonged, and shall not be less than one dollar for each member of said division. The claim of said beneficiaries must be asserted within one year from the period of the death of the member, otherwise the right of recovery shall be forfeited.

§13. The fund due deceased members shall not be subject to the claims of creditors, and shall not be reached by attachment, garnishment, or other process of law, so as to divert it from the beneficiaries named in the application for membership. Should said beneficiaries be other than the heirs of said member, and die intestate and without heirs before receiving the benefit of the fund due at his death, the proceeds of the fund then due shall go to the heirs of the member himself.

§ 14. After the adoption of by-laws for the government of the corporation, it shall be competent for the board of directors to empower an executive committee to conduct the ordinary routine of business: Provided, That cases concerning which the policy of the corporation has not been clearly

Board may aptive committee.

point an exec

Money when deposited.

monthly

defined, shall be referred to the board: And provided further, That no money shall be drawn from the treasury beyond the stipulated salaries or allowances of officers or agents, and the current expenses of the office except by order of the board.

15. The money of the corporation shall be deposited in some bank designated by the board of directors, and all demands against the corporation shall be paid by check on the bank, signed by the president, or, in his absence, by the vice president, and countersigned by the treasurer.

§ 16. The board of directors shall meet monthly, receive Board shall meet the report of the executive committee, audit the accounts, and transact whatever additional business the interests of the corporation may demand. Special meetings of the board. may be called at the discretion of the president, or upon the request of two of its members.

17. The officers of the corporation shall be bound by law to issue the notices to members to pay their dues and assessments; and should they fail to do so, legal process may be instituted to compel them to act in accordance with the requirements of the charter and by-laws. The members of the corporation shall be bound in law to pay their individual assessments; but they may withdraw from the corporation, after giving thirty days' notice to the secretary of such intention, having paid all dues and assessments to the end of said period of notice.

18. This corporation shall not be subject to the insurance. Shall not be sub- laws of this Commonwealth, shall not be required to make any deposit, or report to the State authorities, or pay any tax or charge required of insurance companies.

ject to the insurance laws.

19. The highest amount of indebtedness for which this Indebtedness corporation shall be liable, independent of death assessments, shall be one thousand dollars.

limited.

Principal office in Louisville.

20. The private property of the corporators shall not be liable for the corporate debts.

21. The principal place of business shall be in the city of Louisville, Jefferson county, Kentucky.

§22. The board of directors shall set apart any surplus, after paying the expenses of the corporation, and the amounts. due the beneficiaries of deceased members, as a permanent fund, said fund to be invested in the best securities, and to be used at the discretion of the board to lighten the burden of death assessments when the mortality of the members is

unusually great. Said fund shall not exceed one hundred thousand dollars.

§ 23. This act shall take effect from and after its passage. Approved February 6, 1880.

CHAPTER 150.

AN ACT authorizing the granting of tavern license in Vanceburg.

Be it enacted by the General Assembly of the Commonwealth of Kentucky:

1. That the Lewis county court shall have power and authority to grant licenses to keep tavern in the city of Vanceburg for one year from the date of the grant. The order granting the license shall state to whom the same is granted, and the place where the tavern is to be kept and the period for which the license is granted. The county court shall not grant a license to any person to keep a tavern who shall be of bad character, or who does not keep an orderly house, nor unless the court shall believe the applicant is possessed with houses, bedding, and provisions to keep an orderly, law-abiding tavern. The court must also be satisfied that the keeping of a tavern at the place proposed is necessary for the accommodation of the public. No license shall be granted until the applicant has taken the oath required by law and entered into an obligation in court to the Commonwealth as required by law. Before the license is granted, the applicant shall pay the State tax, and shall also pay to the treasurer of said town a sum to be fixed by the town council of Vanceburg under the provisions of its present charter and laws. The granting of tavern license shall authorize the applicant to sell in his tavern house spirituous, vinous, or malt liquors by the drink or in any quantity.

§ 2. All laws in force in this State in relation to taverns and the liability of tavern-keepers not inconsistent with this act are declared in full force and effect in Vanceburg from and after the passage of this act. The applicant shall give the notice now required by law of the intended application to the county court for license, and the county court shall, in all respects, be governed by the laws now in force in the State in regard to granting licenses to keep a tavern, suspending the same except as modified in this act.