Bylaws of The Masonic Benefit Fund
For the purpose of providing a fund to defray funeral expenses of deceased members and relieve the immediate distress of their widows and orphans, the members hereof associate themselves together, for the establishment and maintenance of said fund, subject to the following conditions, privileges and rights.
The name of the Association shall be “The Masonic Benefit Fund.”
The Vice-Chairman shall perform all duties of the Chairman during his absence, or during a temporary vacancy in the office.
The Secretary-Treasurer shall be responsible for the collection of assessments, the custody of all funds, the payment of benefits, and the keeping of proper records, rendering a complete account of all financial transactions and other vital statistics at the annual meeting in March. He shall notify the membership, at least ten days in advance of the time and place of the annual meeting. He shall give bond in the amount satisfactory to the Executive Committee and at the cost of the association. He shall receive a benefit upon the payment of death benefits equal to the sum of 7.5 per cent of the amount paid. His books shall be audited annually by a committee appointed by the Chairman, and the report of the audit committee will be read at the March meeting.
The Executive Committee shall be responsible for determining those distressed worthy Master Masons eligible for assessment relief by having such assessment(s) paid from funds on deposit.
Applications must be on the prescribed form, accompanied with the initiation / administration fee of $10.00. Approval of the application by a majority of the Executive Committee shall constitute membership.
Any member in good standing who demits from his lodge shall be permitted to retain membership in the association and be entitled to its benefits upon compliance with these by-laws; provided, however, he shall affiliate with a Masonic Lodge within six months after date of demit, and shall notify the Secretary-Treasurer of such affiliation.
The Secretary-Treasurer shall pay the prescribed death benefit to the beneficiary of record promptly upon receipt of reliable information of the death of a member in good standing. In order to receive benefits a member must have been a member for a minimum of one year and current on his assessments. Any member has the right to change his beneficiary at any time upon written request. In the event of the death of the beneficiary, or if for any other reason payment cannot be made to the beneficiary of record, within the period of one year, the death benefit shall be paid to such person, or persons as the Executive Committee may decide to be lawful and proper.
(Amended April 29, 2003)
(Amended April 21, 2006) Administrative changes