EDWIN WARFIELD, ESQ., GOVERNOR.

219

resentative of the member in the event no designated bene-
ficiary be living, or to a charitable institution; provided,
that a certificate may be made payable to a subordinate
council of this order, or to a bank, trust company or other
corporation, authorized to accept and execute trusts, as trus-
tees, duly appointed in writing by the member, with a
witness thereto; and the. benefits, in the event of death
of the member, may be paid to such subordinate council,
bank, trust company or other- corporation as trustee, to
be paid and applied as directed in said instrument of
writing; provided, said benefits shall not be made appli-
cable for any pnrpose contrary to the constitution and
laws of this corporation. But nothing herein shall be con-
strued as making it obligatory upon this corporation to see
that the said benefits are applied by the said trustee in
accordance with the directions of the member, except where
they are made payable to a subordinate council of the order,
in which case this corporation shall be responsible for the
proper application of such benefits. Benefit certificates may
be assigned, surrendered and re-issued in accordance with

CHAP. 164

the constitution and laws of this corporation; and a person
not answering the description of any of the above benefici-
aries, who in good faith shall pay for a member, dues and
assessments payable by him, may be secured to the extent
of such actual payments, with interest, by an assignment of
the certificate made with the consent of this corporation.

6. That separate accounts shall be kept of all moneys
received or paid on account of every particular fund or dis-

Assignment of
benefit cer-
tificates.

tinct benefit assured by this corporation, for which a sepa-
rate table of contributions payable is adopted. A separate
account shall also be kept of the expenses of management,
and all moneys or contributions on account thereof. The
contributions to the mortuary, old age or annuity funds of
this corporation shall be the net premiums based on the
national fraternal congress table of mortality and 4 per
cent, interest, or some higher mortality and lower interest
assumption, and those to the disability funds shall be the
net premiums based on the Manchester Unity (1897) Experi-
ence and 4 per cent., or lower interest assumption. The net
premiums may be computed on the basis of preliminary
term for the first year of protection, and on the basis of a
probationary period of six months for disability benefits

Separate
accounts
shall be kept
of benefits.