Newspapers / The Kings Mountain Herald … / Nov. 12, 1964, edition 1 / Page 6
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This Is The Law SUPPORT OP OIILDRKN How Ion:: must a parent sup port tits child? Ordinarily until the child has reached !il or has become com - pletely emancipated. • • • • Are there any occasions when a pan-nt must support a child after the child has reached 21? Yes If a child at the time he reaches his majority is defective, either mentally or physically, and incapable of earning a liv ing, the law imposes upon the father a legal duty to continue to support tin* child. There is no legal • ligation on the part of a fathei t<> siipjiort .1 ehild during his majority if at the" lime* lie becomes ol age he is capable of maintaining himself, even thojgh lie later becomes mentally unbalanced or other wise* incapable of earning a live lihood. • * » • Is a father liable for the* sup port of his minor children if lie* has had Ins marriage dissolves! by a divorce decree? Yes. Divorce dissolves tin* re lationship of husband and wife, but not tin* relationship of par ent and child. The* father may be required to support his children less than twenty <».ie years of ag<* even when the custody of the children has be*en awarded to the mother. An order for the support of th** minor children is usually awarded in connection with the divorce proceeding. • • • • Wh.it can In* done if a father has disposed of his property hy will without leaving anything to his children or providing any thing for the support of his min or children’’ A father's obligation to sup port his child during the latter's minority cx-ose.i at the father's death. It eannoi he made the basis of a claim against the fa ther's estate. A parent may wholly ignore his children under the terms of his will. The only exception to this latter statement is the case of a child horn or adopted after the execution of the will and there is no provision therein for such child. Suh after-born or after-adopted child is entitled to 1 such share of the parent's es fate as it would he entitled to if the parent had died int«*s'ate. ' that is, without a will. The chil dren who were born before the will was executed, ar.d not given anything, take nothing. # • • • May a parent he required to support a ehild during his mi rtority if the child has inherited I considerable pi >perty? The general rule is that a par ent is required to support his child until the child reaches twenty one year, of a^e and it matters nut that the child has an estate of his own. This rule may he (pialified by the parent s ability. If the parent does not have means sufficient I i provide nert*ssary mainten ance in accordance with the child's fortune, the court may II low the parent a reasonable a mount from the child's estate for tills purpose. GIFTS Allen has a cheeking aecount and a savings account in a local bank. He delivers the pass books to both of these accounts to Bail ey. and tells him that everything STATEMENT MONUMENTAL LIFE INSURANCE COMPANY ASSETS Bonds .. Storks . MortgaKi" Loans on Rfal Estate. Real Estate . Policy Loans. Premium notes . Collateral Loans . Cash and bank deposits All other assets las detailed in annual statement I $116,851.672 96 8.542.739.08 133.622.943.95 616.436.36 12.836.789.54 148.539.37 1.823.754.20 11,018,808.02 Total Ass4*ts . $285,461,683.48 LIABILITIES. SURPLUS AND OTHER FUNDS Agprc '.ate reserve for life policies and contracts t231,ldl.li5'Mti Aggregate reserve for accident and health contracts 187,735.00 Supplementary contra ts without life continued' ics 956.656.15 Policy and contract claims . 4.1 i.ift.. 1.365.988.17 4.2 Accident and health ... . . 129,151.00 Policy hi Iders’ dividend accumulations . 126.131.00 Pol icy holder's dividends due and unpaid .. 1.270.48 Provision for policyholder's dividends payable the following calendar year . 21.550.00 Premiums and annuity consideration received in advance. 1,148,546.36 Commission to agents due or aimired. 175.721.32 General expense due or accured. 177.614.76 Taxes. licenses and hi-- due or accured 712.568.24 Remittances and items not all.) ated. 94.579.55 Dividends to stockholders declared and unpaid /Ul oilier liabilities i.is detailed in annual statement* 5.767.974.05 Total Liabilities (except Spci ial Surplus funds . Capital paid-up . Unassigncd surplus. Total . capital) .$241,913,445.08 $ 3.178.283.33 $10,000,000.00 S30.369.955.07 .$ 13.548.238.40 $285,461,683.48 BUSINESS IN THE STATE OF NORTH CAROLINA DURING 1963 POLICY EXHIBIT ORDIXARY Number Amount 1. In force December 31 of previous year .. IM 166.059 2. Issued during year. 17 117.303 3. Ceaseil lo be in force during year iXet* <||i 101.257 4. In force December 31 of current year .. 165 476,105 LOSSES AX'D CLAIMS 5. Unpaid December 31, previous year 6. Incurred during current year . 2 2,547.00 7. Settled during current year:. .. . a. By payment in full . 2 2.547.00 d. Totals . 2 2.547.00 POLICY EXHIBIT GROUP Nudber of Policies Amount 1. In force December 31 of previous year .. 2 330.101 2. Issued during year ... I 286.000 3. Ceased to be in force during year < .Net • 1 76.503 4. In force December 31 of current year 5 539.596 LOSSES AND CLAIMS 5. Unpaid December 31. previous year 138.51 6. Incurred during current year . 1138.5! I 7. Settled during current year: ... a. By payment in full (I. lot.I Is —11— polio exhibit INDUSTRIAL m 9i.9t7 1. lit fonv December 11 of previous year 2. Issued during year 3. Ceased to Ik- in tone during tear iNeti 4. In forte December 31 of current year .... 12 5.901 ISA 86.011 LOSSES \\l» CLAIMS 5. I'np.i'.tl De»emlH*r .11. p:e\ious year 6. Incurred die me current year . ... 7. Settled durin: current yi*ar: 10 4.068.1* a. B> payment in lull d. Totals . Id 10 1.068.01 4.068.01 Premium Income — Ordinary. $21,691.76: (Iroup. SI.298.66: In dustrial. $*>.127 64; Total. $2S.II8.tCi Consideration lor annuities. $—o—. A & II Prom. $8,262.41 Losso*. $9,232.09. President — Kredericl: 1.. Wehr: Secretary — Charles L. Hayes Treasurer — James T l.chane: \etuary — Dwight K. Bartlett. II Home Office — Charles & Chase Streets, Baltimore. Mary hint Attorney for service: Edwin S. Lanier. Commissioner of Insurance Raleigh. X. C. I. EDWIN S. LANIER. Commissioner of Insurance do hereto certify that the above is a true and correct abstract of the statemen j of the Monumental Life Insurance Company, of Baltimore. Mary land filed with this IV-pariment. showing the condition or said Com pany on the list day of December. 1961. Witness my hand and official seal the day and date ahoy. (SEAL > NORTH CAROLINA INSURANCE DEPARTMENT Raleigh. April 22. 196 EDWIN S. LANIER Commissioner of insuiuuo A on deposit in these account* arc his. I>oes Bailey thereby become the owner of the two bank ac counts? Bail.-y becomes the owner of the deposit in the savings ac count but not the owner of the depc.su iti the chc-cKing a count. The transfer of a pass book. Mi* 11 as is issued wh. 11 one opens an ordinary < hcck.ng a .-c ount in a commercial .lank, i» not a suf ficienl delivery to complete a gift of tiie deposit The reason usually Riven is that the bank is nto tequired at tin* time with drawals arc made and hence its delivery does not transfer con trol over the deposit. It is not a statement of the account between the dep is.t'n and the bank. A man and woman become en ga ’id to marry ea -h other. The woman is Riven an engagement ring. If the wuntan breaks the enRage-men’ may the man re cover the ring? Yes. An enRaRement nnR is a conditional g.ft a*id must he re turn »cl to the donor if tile marri age d ies n >t tick - place. An en gagement iing is given upi>n an implied condition that the ring •s’ returned if the maniage dues not lake place. If the engage.! -nt is e nded by mutual consent, the ri.ig may be recove reel. Tlie general rule seems to he that the donor is en titled to the return of the rin; in every < ase except where he- him self lias been at fault The donee may ki-ep the ririR if the donor refuses to carry out his promise without legal justification. The tale applies to other lie troihol gifts made in contempla tion of marriage. However, where gifts have been made merely for the purpose of advancing the donor in the lady's favor and have not been made in contem plation of marriage, they are hold to tie absolute and irrevoca ble. What is a gift "causa mortis”? It is a gift made in contempla tion of death from a present ill ness or some immediate fx-ril. Like* other present transfers of personal property, the object of th*= gift must he delivered to the doiuv with a donative irrten’. A gift "causa mortis”, however, may be revoked by the’ don >r READY. AIM. FIRE — Pvt. Everett C. Klitike (Minneapolis. Minn.) fires the M2A1-7 portable flame thrower with assistance from Staff Sgt. Charles C. Wilson (Kings Mountain. N. C.). CBR instructor at the Fort Hood NCO Academy. Klitske is one of S3 trainees currently undergoing Advanced Infantry Training (AIT) with the Regulars. Lt. Elwin P. Rosier (Gelena. Ohio) is in charge of the AIT and he conducted the class on familiarisa tion of the portable flame thrower that each trainee was re quired to attend before firing the weapon. prior to his death. and may hi defeated by the recovery of the donor from the contemplated death. It may also fail as the re sult of the donor outliving the donee or the occurrence of a de ficiency of assets necessary to pay the debts of the deceased donor. Dover On Duty Aft Pope AFB FAYKTTKVILLK. N. C. - Air man First Class Ronald II. Dov cr, son of Mr. and Mrs. Herbert P. D<.\er of Tls Alexander St.. Kin^s Mountain. X. C.. Mas .ir rivrd for duty ;>t Pone AFB. N. Lutheran Men Set Meeting Over fixe bundled delegates ami visitors are expected to at tc-nd the annual convention of the North Car dina Lutheran Church Men on Thursday. November 12. at St. John's Lutheran Church. Cherryville. The one day convention will begin with registration at 9:00 o'clock anti close with a banquet beginning at 6:30 p.m. The con ventio nprogram will tic built a round the theme "The Frozen Assets of the Church." Important items of business Mhedulcd for convention action .lidude the adoption of a budget, consideration of repot :•* of offi ■ers and committees, discussion jf the auxiliary's urogi mi if fi nancial support for new congre gations. and el<>ction of officers. The Rev. James R. Stephenson, regional evangelism secretary, of Atlanta. Ua., will he one of the rhief speakers. The Rex R'.chard C. Hoefler. professor at the Lu theran Theological Southei n Sem .nary, Columbia. S. C.. will be the banquet speaker. Others who will appear on the program are: Mr. Carl II. Jacob son. acting c\«s ative secretary of the nati< .ml organization of Lu theran Church Men. of New York City: the Rev. Douglas Fritz, of St. John's Lutheran Church. Salisbury; the Rev. Teor'p A. Keck, of St. Stephen's Lutheran Church. I enoir; the Rev. Paul L. Morgan, of First I Church, Greensboro; the Rex-. Hugh E. Baumgartner. Jr. of Ml. Olix-c Church. Hickory; Mr. H*r ry Arndt, of Claremont; and Mr. Paul Ritchie, of Salisbury. President Harry E. Faggart. Jr.. Charlotte attorney, xxill pre side at the business meetings. C., after a tour of service in Greenland. Airman Dover, an air police man. is assigned to a Tactical Air Command i TAC • unit at Pope, llis organization supports the TAC mission of providing firepower and other air support to U S. Army forces. The airman is a graduate of Kmes Mountain high school. New Low Sets New Time Limit Social security amendments, signed info law hv President Johnson on October 13. changed (he rule for setting the date on which a worker's “period of dis ability" started, according to Lex G. Balk icy. Manager of the Gas tonia Social Security District Of fice. The new law removes a time limit w hich went into effect in July 19H2 and peimits the begin ning of the "period of disability' for benefit purposes to be set at the time the worker actually he ! came disabled. The change does not liberalize the requirements of the law in any way except to per mit the actual date of disability 1 to be recognized. Barkley pointed i out. It affects only oeople who worked for at least five of flic ten years liefore they became dis abled and applied after July 2. 19112, or have not vet applied. “We have the names and ad ; Other officers are: W. A. Kl.ittz. [of Greensboro, vice president: Harry B. Fesperman. of Kannan 1 olis. secretary: and Leonard .Rhyne, of Gastonia, treasuier. Jack D. Davis, of Cherryville. president of thehost unit, will is sue the official welcome. D. R. Mnuney, Jr.. Gary L Allran. and Pasior Charles E. Bernhardt have b*>en in charge of prepara tions. The Lutheran Church Men is the official men's auxiliary of the Lutheran Church in America. Jresses of those who applied. nod we either have already written them or we will within a few , lays", Barkley said. Tliey do not t need t> take any action right a way. but if they do not hear from us within two weeks they should contact our office.'* _ C. L WARLICK INSURANCE AGENCY Insurance Protection # Business 0 Auto # Homo Dial 739-3611 110 W. Mountain SL 4:23-tin GET THE JUMP ON OLD MAN WINTER ORDER HEAT-PACKED PATSY COAL NOW CITY ICE & COAL COl Of Kings Mountain PRONE 739-4261 I I Chair Choice of Colors and Fabrics TODAY’S MOST VERSATILE WASHER! Only Model WA-S54Y M W ««ul FILTER-FLO WASHER with NEW MINI-BASKET* Wash a single garment or big family-size loads-truly clean! Custom Cart Features Include: • 3 Cycles-2 Speed • Water Saver Load Selection e 3 Wash. 2 Rinse Temperatures • Cold Wash-Cold Rinse HIGH SPEED DRYER Clothes Dry Soft ft Fluffy MODEL DA-920V Highly sensitive control automati cally measures and reacts to the moisture content of the fabric being dried. Compensated Drying means perfect time and temperature con trol—high speed drying at safe, low temperatures. No harsh over drying—no damp underdrying. • Automatic Economy & Damp Dry ing e 3 Fabric Cycles e Safety Start Switch • Family Size Ca pacity a Fluff Cycle • Synthetic De-Winkler. Price Shown Is For Model DA-420 (Similar to Illustra tion). TIMM’S FURNITURE COMPANY "Where Discount Is King" Grover Road Phono 739-5S5S
The Kings Mountain Herald (Kings Mountain, N.C.)
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Nov. 12, 1964, edition 1
6
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