Alexander v. Bankers Union of Chicago

Several grounds for a reversal of the judgment are here urged by counsel for the defendant. We shall consider two. They are: That the defendant, as a fraternal beneficiary society organized under the Act of June 22,1893, as amended, relating to such societies (Hurd’s St. 1912, ch. 73, secs. 258-272, J. & A. TTTT 6646-6662) was without power or authority to make or perform the so-called “reinsurance contract,” dated April 28, 1909, (1) because said act does not confer authority upon such society to assume and agree to pay benefits stipulated to be paid by another society; and (2) because at…