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A50785 For the good of the publick. A true method, shewing all ranks and degrees of men, how to purchase an estate, or make provision for posterity, out of idle expences ... By John Middleton, Esq; Middleton, John, 17th/18th cent. 1720 (1720) Wing M1975; ESTC T174454 10,059 21

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given to the Subscribers to come to the Office and elect their Governors on the Day of who shall take Care of the Cash and inspect the Books once every Quarter and take an Account of what Money is paid into the Office and what is let out upon Interest and what paid out of the Office by the Secretary his Deputy or Clerk to the insured at the Death of their Nominee And a Note of what remains in the Office to pay Claims and to be let out on Interest shall be locked up in the Chest for which the Secretary shall be accountable and if he imbezel any of the Company's Money he shall make it good ART II. Every Person that insures in this Company shall pay for every Life that he or she insures upon the Stamp-Duty one Shilling for the Bond and two Shillings Entrance to the Secretary his Deputy or Clerk and five Shillings and Sixpence per Quarter to the Company and Sixpence per Quarter to the Secretary for defraying of Charges ART III. Every Person who insures shall for every Life that they insure upon pay 5 sh 6 d. per Quarter to the Company and Sixpence per Quarter to the Secretary for the defraying of Charges belonging to the Office which 5 sh and 6 d. shall ly as a Fund in the Stock of the Company to make all Claims good as they become due ART IV. Every Subscriber that insures upon the Life of any Person not exceeding the Age hereafter mentioned and shall pay 9 Months to the Office shall be entitled 20 Pounds in the Stock of this Company and shall at the Death of his or her Nominee receive the same within 15 Days after the next Quarter Day the Person insured upon shall die ART V. That every Subscriber at the Death of his or her Nominee shall give Notice to the Secretary his Depute or Clerk that they may acquaint the Governors of the same and if the Person insured upon die not in Town the Insurer shall bring a Certificate under the Hand of the Minister Church-wardens and Parish-clerk of the Parish where the Person insured upon died to satisfie the Governors that the Person insured upon is really dead To prevent any fraudulent Practice being put upon the Company he by whom it is committed shall be excluded from all Right or Interest in this Undertaking ART VI. That every Subscriber may insure upon the Life of any Person of any Age or Sex under not above 50 without their Knowledge or Consent giving an Account in writing of their Name and Place of Abode that he may enter them in the Office-book ART VII Any Person may insure upon as many Lives as they please paying upon each Life they insure upon the Stamp-Duty and one Shilling for the Bond and two Shillings Entrance to the Secretary his Deputy or Clerk and 5 sh 6 d. per Quarter to the Company and 6 d. per Quarter to the Secretary for defraying of Charges ART VIII Every Subscriber that insures upon ten Lives shall have five upon Interest and every one that insures upon eight shall have four upon Interest and every one that insures upon seven shall have three upon Interest and every one that insures upon six shall have two upon Interest and every one that insures upon five shall have one upon Interest and every one that insures upon one two three or more for every Life that they insure upon shall after have one upon Interest paying the Interest every Quarter and deducting the Principal as the Claims become due ART IX If any Person insured or any Person insured upon remove his or her Habitation the Person insured shall give Notice thereof to the Clerk and have their Bond indorsed at the Office paying one Shilling to the Clerk Also every Person insuring shall pay their Quarterage within 15 Days after every Quarter-Day upon the Forfeiture of his or her Bond And when any Person pays a Receipt shall be given for the same signed by the Secretary or the Clerk of the Company ART X. If any Person insured die before his or her Nominee the Interest of his or her Bond shall continue to his or her Heirs Executors Administrators and Assigns they taking out a new Bond in their own Name and paying for it according to the second Article at which Time they must return the old Bond to be filed in the Office ART XI That a general Court shall be held within 14 Days after every Quarter-Day at the Office where all Claims will be paid according to the exact Tenor of these Articles at the Receipt of which 5 per Cent shall be deducted and all such Deductions shall be paid back into the Stock of the Company to increase and augment the same and at all such Quarterly Courts Notice shall be given to the Subscribers to come and elect their Governors according to the first Article out of such of the senior Members as have not as yet served as Governors ART XII No Person insuring in this Office of Insurance upon Lives shall pay Quarterage above ten Years upon one Life for after ten Years are expired all Payments to this Company cease except two Shillings per Quarter to the first 500 Which two Shillings per Quarter will intitle them to L. 20 in the Stock of this Company for ever and at the Death of every new Nominee that they insure upon they shall receive L. 20 and the second 500 shall be intitled to L. 20 in the Stock of this Company as long as they live for paying one Shilling per Quarter at the Death of every new Nominee after ten Years are expired Sixpence per Quarter of which must go to the Secretary for defraying of Charges and the rest into the Stock of the Company so that they who enter young in the last 500 will be sure to be great Gainers for they will receive L. 20 at the Death of every new Nominee so long as they live and the last 1000 shall so long as they take out Bonds and pay their Quarterage be entitled to L. 20 in the Stock Company ART XIII No Person shall receive any Claim or Benefit before 9 Months are expired and then if the Person insured upon die in the 10th Month the insured shall receive L. 20 and if the Person insured upon die before 9 Months the Insurer shall if he pleases take out another Bond and at the End of 9 Months be intitled to L. 20 and at the Death of his Nominee receive the same ART XIV That if it should please God at any Time to afflict these Parts with the Plague Pestilence or Famine or any other violent and raging Distemper in such Case the Office shall be shut up and no Claims paid till such Contagion is over and no Subscriber insuring upon such who shall lay violent Hands to themselves or die by Duelling or suffer for Treason Rebellion or any other capital Crime or die any other than a