Page:United States Statutes at Large Volume 46 Part 1.djvu/201

 158 SEVENTY-FIRST CONGRESS. SEss. II. CHs. 134, 135. 1930 . April 12, 1930. CHAP. 134 .-A n Act To app rov e act num be red 55 of the s ess ion la ws of [H. R.4289.1 - 1929 of the Territory of Hawaii, entitled "An act to authorize and provide for [Public, No . 114 .1 the manufacture, maintenance, distribution, and supply of electric current for light and power within the district of Hamakua, island and county of Hawaii ." Be it enacted by the Senate and House o f Representatives o f the Hawaii. ofelectricfran- United States of America in Congress assembled, T hat act n umbered Hawaii Hawaii, county 'If 55 of the session laws of 1929 of the Territory of Hawaii, entitled "An act to authorize and provide for the manufacture, maintenance, distribution, and supply of electric current for light and power within the distri ct of Ham akua, isla nd and cou nty of Ha waii," passed by the Legislature of the Territory of Hawaii and approved by the Governor of the Territory of Hawaii on April 19, 1929, is hereby approved : Provided, That the authority in section 16 of said act for the amending or repeal of said act shall not be held to authorize such action by the Legislature of Hawaii except upon approval by Congress in accordance with the Organic Act : Provided further, That nothing herein shall be construed as an approval by Congress of the theory of establishing value on the actual cost of reproducing or replacing property as contained in section 18 of the said act. Approved, April 12, 1930. Provisos. Amendment subject to approval of Con- gress. No approval of es- tablishing cost of re- p roducing property. April i2, is [H. R . 7701 .1 CHAP. 135 .-A n Act To auth orize fratern al and benevo lent co rporat ions [Public, No. 115 .1 ' heretofore created by special Act of Congress to divide and separate the insurance activities from the fraternal activities by an act of its supreme legis- lative body, subject to the approval of the Superintendent of Insurance of the District of Columbia. District of Columbia. Fratern al and benev- olent corporations, may separate their fraternal and insurance activi- ties. Separate corporations to be formed. Certificate to be filed. Original org anization. Detailed statement of ac tiviti es. Insurance reserves maintained. Be it enacted by the Senate and House of R epresentatives of the United States o f America in Congress assembled, That any corpora- ti on heretofore organized by a special Act of Congress and vested with the powers, rights, and privileges of fraternal and benevolent corporations under the laws of the District of Columbia and engaged in carrying on fraternal activities and fraternal beneficial insurance activities in which are maintained reserves not lower than the reserves required by the American Experience Table of Mor- t ality with 3 1/2 per centum interest per annum, be, and the same hereby is, authorized and empowered, by a majority vote of its supreme legislative body and with the approval of the Superin- tendent of Insurance of the District of Columbia as hereinafter pro- vided, to divide and separate such activities and continue the same as separate and distinct corporations in the manner set forth in the following sections thereof SEC. 2. A certificate under the seal of said corporation shall be filed in the office of the Superintendent of Insurance of the District o f Columbia and which c ertificate shall set f orth the fac ts as follo ws (a) That said corporation is organized under special Act of Con- gress giving appropriate reference thereto. (b) That said corporation is engaged in carrying on fraternal activities and fraternal beneficial-insurance activities, with appro- priate detailed information touching each of such activities, includ- ing the name of the corporation, its officers, numbers, and classes of membership, benefits carried, and other similar appropriate infor- mation. (c) That the fraternal beneficial-insurance activities of said cor- poration maintain reserves not lower than the reserves required by the American Experience Table of Mortality with 31/2 pe r centum interest per annum.

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