Establishment of the Society

(1) It shall be lawful for any society already established to be enrolled under the provisions of this Act, or for any number of persons to establish a society under the provisions of this Act, hereinafter called a friendly society, for the purpose of raising by voluntary subscriptions of the members thereof, with or without the aid of donations, a fund for any of the following objects, Common Law of England and certain Acts ex- tended to Belize. (a) insuring a sum of money to be paid on the death of a member to his widow, children or executors, administrators, nominee or assigns, or for defraying the expenses of his burial or his wife’s burial, child or kindred subject as hereinafter enacted; (b) the relief, maintenance or endowment of members, their wives, children or kindred, in infirmity, old age, sickness, widowhood or 6 any other natural state of which the probability may be calculated by way of average; or (c) for any other purpose which shall be certified to be legal by the Attorney General, as a purpose to which the powers and facilities of this Act ought to be extended. (2) No friendly society may assure the payment to, or on the death of, any member, or on any contingency, or for any of the purposes for which the payment of sums may be assured under this Act, of any sum exceeding one thousand dollars, or any annuity exceeding five hundred dollars per annum, or any sum in sickness exceeding twenty dollars per week.