't
is
Proposed
,
I.
THAT
12000
l.
per
Annum
,
to
be
divided
into
2000
Shares
,
at
6
l.
per
Annum
each
,
shall
be
subscribed
for
;
to
be
paid
by
each
Subscriber
during
the
respective
Lives
of
certain
Persons
to
be
nominated
,
as
herein
after
is
mentioned
.
II
.
That
any
Person
may
subscribe
for
as
many
Shares
as
he
pleases
,
Note
,
If
a
Subscriber
names
his
own
Life
,
then
his
Executor
,
or
Administrator
,
or
such
other
Person
as
he
shall
by
his
Will
,
or
other
Writing
appoint
,
will
be
intituled
to
the
Dividend
upon
his
Death
:
But
if
he
names
the
Life
of
any
other
Person
then
upon
the
Death
of
such
Person
,
the
Subscriber
himself
,
his
Executors
,
or
Administrators
,
or
such
other
Person
,
as
he
shall
by
his
Will
or
other
Writing
appoint
,
will
be
intituled
to
the
Dividend
.
and
may
nominate
either
his
own
,
or
any
other
Life
or
Lives
;
but
no
one
to
subscribe
for
more
than
5
Shares
on
one
Life
.
III
.
That
the
Person
or
Persons
for
whose
Life
or
Lives
any
one
subscribes
,
shall
be
healthful
,
and
be
above
the
Age
of
Twelve
Years
,
and
under
the
Age
of
Fifty
.
IV
.
That
so
soon
as
the
Subscriptions
shall
be
compleated
,
Twelve
Trustees
shall
be
chosen
out
of
the
Subscribers
for
the
Management
of
the
Affairs
of
this
Society
;
for
which
purpose
publick
Notice
shall
be
given
where
a
List
of
all
the
Subscribers
Names
may
be
seen
;
as
likewise
the
Time
and
Place
appointed
for
the
chusing
the
said
Trustees
,
and
each
Subscriber
shall
then
and
there
deliver
a
List
of
the
Twelve
Persons
he
votes
for
,
with
his
own
Hand
:
Which
List
shall
be
filed
and
registred
,
and
an
impartial
Scrutiny
made
at
the
same
time
and
Place
,
by
Four
Persons
to
be
chosen
out
of
the
Subscribers
there
present
.
V.
That
after
the
Trustees
are
chosen
,
they
,
or
the
major
Part
of
them
,
shall
,
as
soon
as
conveniently
may
be
,
make
choice
of
a
Place
for
keeping
the
Office
of
this
Society
,
and
likewise
of
a
Cashire
,
and
such
other
Officers
and
Servants
,
as
they
shall
judge
necessary
;
and
sufficient
Security
shall
be
taken
by
the
said
Trustees
for
the
Honesty
and
Integrity
of
such
Cashire
,
who
shall
from
time
to
time
receive
all
Monies
arising
by
this
Office
:
And
such
Money
,
when
it
amounts
to
One
hundred
Pounds
,
shall
be
immediately
delivered
over
to
the
said
Trustees
.
VI
.
That
the
first
Trustees
,
when
chosen
,
shall
continue
fifteen
Months
,
but
afterwards
Twelve
Trustees
shall
be
annually
chosen
,
as
in
Article
the
4th
.
and
in
every
List
to
be
delivered
in
for
chusing
new
Trustees
,
Four
of
the
old
Trustees
of
the
preceeding
Year
,
shall
be
incerted
,
and
Eight
new
ones
;
and
no
one
shall
continue
a
Trustee
above
Three
Years
successively
.
VII
.
That
any
Five
or
more
of
the
Trustees
shall
make
a
sufficient
Quorum
to
approve
the
Lives
,
and
no
Life
on
which
more
than
one
Share
is
subscribed
,
shall
be
allowed
,
unless
the
Person
whose
Life
is
nominated
,
do
personally
appear
before
the
Trustees
.
But
as
to
the
Dispatch
of
all
other
Business
relating
to
this
Office
,
any
Three
of
the
Trustees
shall
make
a
sufficient
Quorum
to
do
the
same
,
(
Except
where
it
is
otherwise
provided
for
by
these
Articles
)
and
no
Trustee
to
have
a
Vote
in
his
own
Case
,
but
to
withdraw
during
the
Debate
.
VIII
.
That
within
Two
Months
after
the
Trustees
are
chosen
,
each
Subscriber
shall
nominate
his
Life
,
and
at
the
same
time
shall
make
his
first
yearly
Payment
,
for
which
the
Cashire
shall
then
give
a
Receipt
;
and
in
Four
Days
afterwards
such
Person
shall
receive
a
Policy
under
the
Hands
and
Seals
of
Three
of
the
Trustees
upon
Delivery
up
of
his
said
Receipt
.
And
in
Case
any
Person
,
whose
Life
is
nominated
,
shall
happen
to
die
before
the
Policy
is
delivered
,
then
the
Subscriber
,
or
such
as
claim
under
him
,
shall
notwithstanding
,
in
such
Case
,
be
intituled
to
the
Dividend
of
that
Year
.
And
all
Policies
shall
bear
date
upon
the
Day
of
chusing
the
Trustees
.
IX
.
That
in
Case
any
Person
shall
neglect
or
refuse
to
nominate
such
Life
as
shall
be
approved
of
by
the
Trustees
,
within
the
time
limited
by
Article
the
8th
.
the
Trustees
shall
have
Power
to
admit
a
new
Subscriber
in
his
Room
;
and
such
Person
so
refusing
or
neglecting
,
to
be
excluded
all
Benefit
of
this
Proposal
.
X.
That
no
Person's
Life
shall
be
nominated
,
but
who
shall
be
resident
in
England
or
Wales
;
and
if
any
Person
,
whose
Life
is
nominated
,
shall
die
in
any
other
Place
,
or
is
sentenced
to
Death
,
and
suffer
,
no
Person
shall
be
intituled
to
any
part
of
that
years
Dividend
on
such
Death
;
but
nevertheless
,
such
Person
as
would
have
been
intituled
,
in
Case
the
Nominee
had
died
a
natural
Death
in
England
or
Wales
,
shall
,
within
one
Month
afterwards
,
name
another
Life
,
to
be
approved
of
,
as
in
Article
the
7th
.
And
in
Default
of
such
Nomination
,
the
Trustees
shall
be
at
liberty
to
admit
another
Subscriber
in
his
Room
.
XI
.
That
Six-pence
per
share
be
paid
by
every
Subscriber
,
when
he
nominates
his
Life
for
each
share
he
subscribes
for
,
which
is
to
be
applied
by
the
Trustees
towards
the
Charges
of
Printing
and
Publishing
this
Proposal
,
and
the
Residue
(
if
any
be
)
to
be
put
into
the
publick
Stock
:
Besides
which
,
each
Subscriber
shall
at
the
same
time
pay
7
s
.
for
each
share
he
subscribes
for
,
towards
the
Charges
of
Policies
,
providing
Books
,
and
other
necessary
Expences
;
and
every
Year
after
the
first
,
each
Subscriber
shall
also
pay
12
d
.
per
Annum
for
each
share
he
subscribes
for
,
over
and
above
his
yearly
Payment
of
6
l.
towards
the
annual
Charges
of
this
Office
.
XII
.
That
all
succeeding
yearly
Payments
shall
be
made
on
the
first
Monday
after
the
end
of
each
respective
Year
(
reckoning
the
Year
from
the
Day
on
which
the
first
Trustees
are
chosen
.
)
And
in
Case
any
Subscriber
shall
not
make
his
said
yearly
Payments
till
a
Month
after
they
respectively
become
due
,
such
Subscriber
shall
forfeit
Ten
shillings
for
every
Kalendar
Month
in
which
he
shall
so
make
Default
.
And
in
Case
any
Subscriber
shall
not
within
one
Kalendar
Month
after
Notice
in
Writing
signed
by
any
Three
of
the
Trustees
for
the
time
being
,
given
to
such
Subscriber
or
his
Agent
,
to
be
appointed
,
as
in
Article
the
21st
.
pay
all
Arrears
of
his
said
yearly
Payments
,
and
all
Forfeitures
incurred
due
for
the
same
,
such
Subscriber
,
and
all
claiming
by
or
under
him
,
shall
from
thenceforth
be
excluded
all
Benefit
and
Advantage
arising
by
these
Proposals
,
and
then
,
and
in
such
Case
the
Trustees
,
or
any
Three
of
them
,
shall
admit
a
new
Subscriber
in
his
Room
.
XIII
.
That
after
the
Sum
of
12000
l.
is
paid
into
the
Hands
of
the
Trustees
,
10000
l.
thereof
shall
(
as
soon
as
conveniently
may
be
)
be
laid
out
into
a
Purchase
of
Land
,
Ground-Rents
,
Fee-Farm
Rents
,
Bankers
Assignments
,
or
other
sufficient
Security
,
to
be
settled
on
the
Trustees
,
as
Counsel
shall
advise
,
for
a
Fund
to
answer
all
Claims
that
shall
be
made
upon
this
Office
.
And
till
such
Purchase
can
be
found
out
,
the
said
10000
l.
shall
be
lodg'd
in
the
Bank
of
England
,
on
their
sealed
Bills
.
XIV
.
That
2000
l.
(
part
of
the
12000
l.
in
Article
the
13th
)
shall
be
divided
the
first
Year
(
reckoning
the
Year
from
the
Day
the
Trustees
are
chosen
)
among
the
Nominors
,
or
those
intituled
by
or
under
them
,
of
such
Lives
as
shall
die
within
that
Year
;
and
10000
l.
every
Year
afterwards
.
XV
.
That
every
Person
,
upon
Receipt
of
his
share
or
shares
of
the
yearly
Dividend
of
10000
l.
shall
nominate
another
Life
or
Lives
to
supply
the
Place
of
the
Person
or
Persons
deceased
;
and
at
the
time
of
Payment
of
such
yearly
Dividend
,
12
l.
and
no
more
,
shall
be
deducted
out
of
each
share
thereof
;
which
12
l.
shall
be
stopped
to
answer
the
two
first
yearly
Payments
of
the
Person
nominating
a
new
Life
or
Lives
;
and
when
such
Person
nominates
a
new
Life
,
he
shall
receive
a
new
Policy
or
Policies
,
Note
,
All
new
Policies
to
be
given
,
shall
be
dated
the
same
Day
,
on
which
the
last
yearly
Payment
preceeding
the
time
of
making
such
Policy
,
became
due
;
to
the
end
that
all
the
yearly
Payments
,
as
well
of
the
old
as
new
Subscribers
,
may
become
due
,
and
be
paid
at
one
and
the
same
time
.
paying
for
each
Policy
Six
shillings
,
or
proportionably
for
so
many
shares
as
the
said
Policy
shall
be
for
.
And
in
Case
any
Person
,
upon
his
Receipt
of
his
said
Dividend
,
shall
refuse
to
nominate
another
Life
or
Lives
,
or
shall
not
nominate
such
as
shall
be
approved
of
by
the
said
Trustees
,
such
Person
shall
forfeit
the
said
Money
deducted
out
of
his
Dividend
,
as
aforesaid
,
and
shall
from
thenceforth
be
excluded
all
further
Benefit
of
this
Proposal
,
and
the
Trustees
shall
admit
any
other
Person
in
his
Room
.
XVI
.
That
within
a
Month
after
the
Death
of
every
Person
,
whose
Life
is
nominated
,
a
Certificate
shall
be
produced
to
,
and
left
with
the
Trustees
of
the
Death
of
such
Person
,
signed
by
the
Minister
and
Churchwardens
of
the
Parish
where
such
Person
died
,
together
with
an
Affidavit
in
Writing
,
of
its
being
duly
signed
by
the
said
Parties
;
but
before
such
Certificate
is
signed
,
Notice
shall
be
given
to
the
Trustees
of
the
Death
of
such
Person
,
and
where
and
when
he
died
;
to
the
Intent
that
the
Trustees
may
(
if
they
think
sit
)
appoint
some
Person
that
they
know
,
to
be
a
Witness
to
the
signing
of
the
Certificate
.
XVII
.
That
to
the
intent
,
no
Person
may
be
excluded
his
Dividend
of
that
Year
,
in
which
his
Life
drops
,
Note
,
This
will
prevent
all
Disputes
that
may
crise
after
a
Dividend
is
made
.
tho'
but
a
Day
before
the
end
of
the
Year
,
no
Dividend
shall
be
made
,
till
a
Month
after
the
end
of
each
Year
;
from
which
time
Warrants
shall
be
made
out
for
the
Payment
thereof
;
and
every
Person
shall
be
allowed
that
time
to
produce
his
Certificate
to
the
Trustees
;
in
Default
hereof
,
such
Person
shall
be
excluded
from
any
Benefit
of
this
Proposal
.
But
nevertheless
,
in
such
Case
,
such
Person
shall
have
a
Months
time
longer
to
name
a
new
Life
;
but
in
Default
thereof
,
the
Trustees
shall
have
Power
to
admit
a
new
Subscriber
in
his
Room
.
XVIII
.
That
the
Profits
arising
by
the
10000
l.
reserved
out
of
the
first
year's
Contributions
and
of
the
2000
l.
every
succeeding
year
,
the
Monies
paid
for
the
Policies
,
Change
of
Lives
,
the
Twelve
pences
mentioned
in
Article
the
11th
.
and
all
other
Profits
arising
by
this
Proposal
(
after
Deduction
of
the
Trustees
Salaries
,
and
all
other
Charges
incident
to
the
Support
and
Maintenance
of
this
Office
)
an
Account
of
which
shall
from
time
to
time
be
entred
in
a
Book
to
be
kept
for
that
Purpose
)
shall
be
divided
equally
amongst
the
Subscribers
,
as
often
as
shall
be
thought
convenient
by
the
said
Trustees
.
XIX
.
That
every
Subscriber
shall
,
with
the
Approbation
of
the
Trustees
,
change
his
Life
as
often
as
he
pleases
,
and
take
a
new
Policy
for
the
same
,
paying
for
every
Policy
for
one
Life
,
Twenty
Shillings
,
and
so
in
Proportion
,
if
for
two
or
more
Lives
:
And
in
like
manner
,
where
any
Person
has
more
shares
than
one
upon
a
Life
,
he
shall
be
at
Liberty
at
any
time
afterwards
to
change
his
Policy
,
and
to
nominate
as
many
Lives
as
he
has
shares
,
and
take
a
new
Policy
for
each
share
,
paying
for
each
Policy
Twenty
Shillings
:
So
likewise
any
Person
may
change
his
Life
depending
on
any
Number
of
shares
,
not
exceeding
Five
,
into
one
Life
,
paying
for
such
Policy
Twenty
Shillings
.
XX
.
That
all
Sums
of
Money
,
over
and
above
the
10000
l.
to
be
laid
out
in
a
Purchase
,
as
in
Article
the
13th
,
which
shall
come
into
the
Hands
of
the
Trustees
,
shall
from
time
to
time
be
placed
out
at
Interest
,
either
upon
any
publick
Fund
,
or
other
sufficient
Security
,
to
be
approved
of
by
the
Major
part
of
all
the
Trustees
;
and
till
Securities
can
be
had
,
the
Money
to
be
kept
in
an
Iron
Chest
with
three
Locks
,
(
the
Keys
whereof
shall
be
kept
by
the
three
Trustees
in
waiting
)
or
else
shall
be
lodged
in
the
Bank
of
England
,
as
the
Major
part
of
all
the
Trustees
shall
think
fitting
.
XXI
.
That
publick
Notice
shall
be
given
in
the
Gazette
,
or
other
publick
Paper
,
of
all
General
Meetings
:
And
to
the
intent
that
no
Subscriber
shall
at
any
time
be
excluded
the
Benefit
of
this
Proposal
,
for
making
any
Default
contrary
to
Article
the
12th
,
without
reasonable
Notice
,
a
Register
shall
be
kept
of
all
the
Subscribers
Names
,
and
Places
of
their
Abode
;
and
such
Persons
who
live
out
of
the
Bills
of
Mortality
,
shall
,
when
they
receive
their
Policy
,
name
some
Person
living
within
the
same
,
to
whom
Notice
may
from
time
to
time
be
given
,
as
Occasion
shall
require
;
and
such
Notice
shall
be
deemed
as
good
to
all
Intents
,
as
tho'
the
Party
himself
had
been
personally
served
therewith
.
XXII
.
That
the
Major
part
of
the
Trustees
shall
have
Power
to
set
the
Salaries
of
all
their
Officers
,
and
from
time
to
time
to
remove
such
as
do
not
their
Duty
,
and
to
regulate
all
Matters
relating
to
their
own
Attendance
for
the
Dispatch
of
Business
;
but
the
constant
Attendance
of
the
Trustees
shall
not
be
seldomer
than
once
a
Week
;
and
each
Trustee
shall
have
30
l.
a
year
for
his
Care
and
Pains
in
attending
the
Business
of
this
Society
.
XXIII
.
That
a
General
Meeting
of
the
Subscribers
shall
be
always
held
on
the
last
Thursday
before
the
old
Trustees
go
out
,
for
the
Choice
of
new
ones
;
at
which
time
the
Trustees
shall
give
an
Account
to
the
Subscribers
there
present
,
of
all
material
Transactions
of
the
preceeding
Year
,
relating
to
this
Society
.
XXIV
.
That
every
Subscriber
shall
have
Liberty
from
time
to
time
to
peruse
all
the
Books
of
the
Office
gratis
.
XXV
.
That
these
Articles
shall
be
ingrossed
and
signed
by
every
Subscriber
;
and
each
Subscriber
at
the
time
of
receiving
his
Policy
,
shall
enter
into
a
Covenant
with
the
Trustees
for
the
yearly
Payment
of
Six
Pounds
One
Shilling
for
every
Share
he
subscribes
for
,
during
the
Life
of
the
Person
,
whose
Life
he
nominates
,
and
of
all
Forfeitures
that
he
may
incur
for
Non-payment
thereof
,
as
in
Article
the
12th
.
XXVI
.
That
in
Case
any
Suit
shall
happen
to
be
commenced
against
the
Trustees
,
or
any
of
them
,
for
any
thing
that
they
shall
do
in
pursuance
of
these
Articles
,
the
Charges
of
defending
such
Suit
,
shall
be
paid
out
of
the
publick
Stock
.
XXVII
.
That
in
Case
any
Monies
that
shall
be
placed
out
at
Interest
,
according
to
Article
the
20th
,
shall
happen
to
be
lost
,
the
Trustees
shall
not
be
answerable
for
such
Money
;
and
no
Trustee
to
be
charged
or
chargeable
for
the
Act
of
any
other
of
the
Trustees
,
but
for
his
own
Act
and
Deed
only
.
XXVIII
.
That
any
Alterations
or
Additions
may
be
made
in
or
to
these
Articles
by
a
General
Meeting
,
but
not
otherwise
.