Page:United States Statutes at Large Volume 29.djvu/663

 FIFTYFOURTH CONGRESS. Sess. II. Ch. 382. 1897. 633 and by that name and style shall have perpetual succession, and may have and use a common seal, and the same may alter and change at pleasure, and may make and alter at times or from to time time such laws, not inconsistent with the Constitution of the United States or the laws in force in said District, as they may deem necessary for the government of said association. And they and their successors by their P¤w<>¤- corporate name shall in law be capable of creating, maintaining, and disbursing a reserve or emergency fund in accord ance with its laws and the provisions of this Act, and of taking, receiving, purchasing, and holding real and personal estate necessary for the purpose of said association, and may let, place out at interest, or sell and convey the same as may seem most beneficial for said association. The association °m°°”· shall elect from its members trustees, directors, or managers, by whatever title known in its laws, at such time and place, and in such manner as may be specified in its laws, who shall have the control and management of the affairs and funds of said association, a majority of whom shall be a quorum for the transaction of business; and whenever any vacancy shall happen among such trustees, directors, or managers by death, resignation, or otherwise such vacancy shall be filled in such manner as shall be provided by the laws of said association. _ Sec. 8. That the officers, trustees, directors, or governing body of any i,,#§`Q’,,r{’°,,}`,,°i2{’f:`,,§’,€,°x` existing fraternal beneficial association may, by conforming to the requirements of the several provisions of this Act, reincorporate themselves or continue their existing corporate powers under this Act or change their name, stating in their certificate the original name of such corporation as well as their new name assumed, and all the property a11d etlects of such existing corporation shall vest in a11d belong to the corporation so rcincorporated or continued. _ Sec. 9. That any subordinate body of any fraternal beneficial associa- ,,,,{,'f,§,‘f,§,§’_3f,“,f,j,§§S Qf tion incorporated under the provisions of this Act, or of such association associations. now doing business or which may hereafter be admitted to do business in this District under this Act, where the laws of the governing body of said association do not prohibit the incorporation of their subordinate bodies, may become a body corporate in the manner following: At some regular meeting of such subordinate body a resolution, expressing the desire of such subordinate body to be incorporated and directing its officers to perfect such incorporation, shall be submitted to a vote of the members present, and if two-thirds of the members present vote therefor, the president and secretary of such subordinate body, or the officers holding relative offices therein, shall prepare articles of associa· ,,,;”;,f“°1°° °' ‘”""“" tion under their hands and the seal of such subordinate body, setting iorth, iirst, the number of members of such subordinate body then in good standing; second, the name by which said subordinate body is known; third, the date of its organization and the period for which it is to be incorporated, not exceeding thirty years. A copy of such *`*l*¤¤· articles of association shall he filed with the recorder of deeds, and shall by him be recorded, together with the affidavit hereafter named, in a book to be kept for that purpose. On the execution of said articles of memdevit of MM association, and before the filin g thereof with the recorder, the secretary ry' of such subordinate body shall annex thereto his aihdavit, stating that he is a member in good standing in such subordinate body and occupies the position of secretary, or the office corresponding therewith, and that the resolution, a copy of which shall be set forth at length, was regularly passed at a regular meeting of said subordinate body and received the vote of two-thirds of the members present and voting, and that, to the best of his knowledge and belief, the statements made in the articles of association are true, and that such subordinate body is organized and acting under the laws of its respective association, giving the name by _ which such association is known. WVhen the foregoing requirements I“°°'p°"‘"““‘ are complied with, such subordinate body shall be a body corporate by the name expressed in such articles. and by that name shall be a person in law capable of suing and being sued in the courts, and taking and