CHAP. 118.

An Act to incorporate the Protective Association of Canada.

[Assented to 12th April, 1907.]

HEREAS the persons hereinafter named have by their Preamble. petition prayed that it be enacted as hereinafter set forth, and it is expedient to grant the prayer of the said petition: Therefore His Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

1. Nelson Mitchell, Walter Drake Bradford, Daniel Key- Incorporaworth Cowley, Edward Eugene Gleason, Orvis Harrison Jackman tion. and James Turner Farish, all of Granby, in the county of Shefford, in the province of Quebec, together with such persons as become shareholders in the association, are incorporated under the name of "The Protective Association of Canada," herein- Corporate after called "the Association."

name.

2. The persons named in section 1 of this Act shall be the Provisional provisional directors of the Association, and a majority of them directors. shall form a quorum, and they shall open books for the subscription of stock.

2. So soon as not less than twenty-five thousand dollars of the First general capital stock has been subscribed, and not less than ten thousand meeting. dollars of the amount subscribed has been paid into some chartered bank in Canada, to be applied only for the purposes of the Association, the provisional directors shall call a meeting of the shareholders to be held in the said town of Granby, at which meeting the shareholders present or represented by proxy, who have paid not less than twenty per cent on the amount of shares subscribed by them, shall elect a board of seven directors, a majority of whom shall form a quorum.

3. No shareholder shall be a director unless he holds in his Qualification of directors. own name and for his own use at least ten shares of stock, and has paid all calls due thereon and all liability incurred by him to the Association.

Capital stock.

Head office.

Local boards.

Objects of
Association.

Annual meeting.

Special general meetings.

Notice of meeting.

3. The capital stock of the Association shall be fifty thousand dollars, divided into shares of one hundred dollars each.

4. The head office of the Association shall be in the town of Granby, in the county of Shefford, in the province of Quebec, but local advisory boards or agencies may be established and maintained elsewhere in such manner as the directors from time to time direct.

5. The object of the Association shall be to carry on a sick benefit and accident insurance business among members of the Masonic Order residing within Canada exclusively, in manner following:

(a) To pay a death claim not exceeding five hundred dollars in case of death due to accident;

(b) To pay a sick benefit in case of sickness arising from natural causes, according to classification to be made by the by-laws of the Association, but in no case exceeding ten dollars per week, for a period limited to twenty-six weeks, of which the full rate shall be paid for the first fifteen weeks, and the half rate paid for the remaining eleven weeks;

(c) To pay a sick benefit for sickness or disability arising from accident, according to a classification to be made by the by-laws of the Association, but in no case exceeding twentyfive dollars per week, or less than two dollars and fifty cents per week, and limited to a period not exceeding fifty-two weeks, except in cases where the insured (i) is riding as a passenger in any public passenger conveyance propelled by steam, cable, or electricity (motor carriages excepted), and in consequence of the wrecking thereof receives bodily injuries; or, (ii) is a guest in any public hotel, or a spectator in any theatre, or one of the congregation in any church, and, in consequence of the burning thereof, and while attempting to escape therefrom, receives bodily injuries, in both of which cases the Association may pay any sum not exceeding fifty dollars per week, or less than five dollars per week, limited to a period not exceeding fifty-two weeks; provided that, in order to recover such increased indemnity, such injuries leave external marks of fracture or dislocation upon the body of the insured, and alone totally disable him from the date of accident for not less than the next seven days.

6. A general meeting of the Association shall be called at its head office once in each year after the organization of the Association and commencement of business, and at such meeting a statement of the affairs of the Association shall be submitted; and special general or extraordinary meetings may at any time be called by any five of the directors, or by requisition of any twenty-five shareholders, specifying in the notice the object of such meeting.

2. Notice of each such meeting shall be sufficiently given by printed or written notice to each of the shareholders mailed at

least twenty days before the day for which the meeting is called, and addressed to the addresses of the shareholders respectively given in the books of the Association.

of calls.

7. The shares shall be paid by such instalments and at such Payment times and places as the directors appoint; the first instalment shall not exceed forty per cent, and no subsequent instalment shall exceed ten per cent, and not less than thirty days' notice of any such call shall be given.

8. The Association shall not commence the business of in- When' business surance until the whole capital stock has been subscribed, and may be the sum of not less than twenty thousand dollars has actually commenced. been paid thereon in cash into the funds of the Association, to be appropriated only for the purposes of the Association under this Act; provided that the amount paid by any shareholder Proviso. shall not be less than twenty per cent of the amount subscribed by such shareholder.

9. Notwithstanding anything in Part II. of The Companies R.S., o. 79. Act, the said 'Part, except sections 141 and 165 thereof, shall apply to the Association in so far as the said Part is not inconsistent with any of the provisions of this Act or of The Insurance Act.

10. This Act, and the Association, and the exercise of the R.S., c. 34. powers hereby conferred, shall be subject to the provisions of The Insurance Act.

OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the King's most Excellent Majesty.