Section 3Part 0 —
Power to establish societies for benefit of members in sickness, etc.
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It shall be lawful —
for persons in the Islands to form themselves into and to establish a society for the purpose of raising, from time to time, by subscriptions of the members of every such society, by voluntary contributions or donations, a stock or fund for the mutual relief and maintenance of all the members thereof, their wives, children or other relations, in sickness, infancy, advanced age, widowhood or any other natural state or contingency, whereof the occurrence is susceptible of calculation by way of average; and
for the members of each society, from time to time, to assemble together to make such proper rules for the better government and guidance of the same as to the majority of the members of such society so assembled together shall seem meet, so as such rules shall not be repugnant to the Laws of England, or of the Islands nor any of the express provisions or regulations of this Law.
Such rules may provide for the imposition of such reasonable fines and forfeitures upon the members of any such society who shall offend against such rules, as shall be just and necessary for enforcing the same. Such fines and forfeitures shall be paid to such uses for the benefit of such society, as the society, by rules, shall direct.
A Society may also, from time to time, amend or repeal such rules as occasion shall require, and make new rules in lieu thereof, under such restrictions as are in this Law contained.