Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1868-07-23

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disposition and exchange of said securities, to
either or all of said securities above named in
this section; and the interest and profits accru-
ing and made on said securities, and the sale
or exchange thereof shall be collected by and
paid to said company.
Sec 10l. And be it enacted, That any mar
ried woman, by herself and in her name, or in
the name of any other person, with his as
sent, as her trustee may insure, in any life
insurance company formed under the provi-
sions of this article for her sole use, the
life of her husband, for any definite period, or
for the term of his natural life, and in case she
shall survive her husband, the sum or net a.
mount of the insurance becoming due, and pay
able by the terms of the insurance, shall be
payable to her. and for her own use, free from
the claims of the representatives of the husband,
or of any of his creditors; and in case of the
death of the wife before the decease of the hus-
band, the amount of the insurance may be made
PAYABLE after death to- her children for their
use and to their guardian if under age.
Sec 1O2. And be it enacted, That it shall
not be lawful for any insurance company incor-
porated under the laws of any other State of
the United States, or by any foreign govern
ment, directly or indirectly, to take risks, or
transact any business of insurance in this State,
unless possessed of the amount of actual capital
required of similar companies formed under the
provisions of this article; and any such COM
pany desiring to transact any such business as
aforesaid, by an agent or agents in this State,
shall appoint such agent or agents, who shall
reside in this State, and shall file in the Office
of the Clerk of the Superior Court of Baltimore
city, certified copy of the vote or resolution
of the Directors appointing such agent, to be
recorded at the cost of such agent, in book to
be specially procured for that purpose, which
appointment shall continue until some other
agent shall be in like manner appointed in his
place, and the appointment certified and recOr-
ded as aforesaid.
Sec. 103. And be it enacted, That said COM
[pany shall also file in said clerks Office, to be
recorded as aforesaid, certified copy OF its
charter, together with a statement under the
oath of the president or vice-president and sec
rotary, and to be renewed annually in the
month of January of each year, setting forth
the name of the company, and the place where
located, the amount of capital, and the amount
actually paid in, with a detail statement of its
assets and its Indebtedness, the amount of loss
es adjusted and unpaid, the amount inquired
and in process of adjustment, and any other
claims existing against the company; and in
the case of life insurance companies, the said
certificate shall contain statement under the
oaths of said certifying officers, that the said
company has invested in good securities, NAM
ing them, an amount equal to that required of
similar companies authorized to be incorpora-
ted under this article, and that such securities
are held in trust, and by whom, for the benefit
of persons who may effect insurance in said
company. The first certificate herein required
shall be filed by all companies doing business
in this State, on or before the first day OF July,
eighteen hundred and sixty-eight, and any per-
son who shall after the first day of July, eigh-
teen hundred and sixty-eight, act as agent OF
any insurance company which has not complied
with the provisions in this section contained,
shall be subject to a penalty OF i've hundred
dollars for every day he shall so act, to be re-
covered as other fines and penalties are recov-
cred in this State, one-half to the use of the in
former, and one-half to the use of the State.
Sec. 1O4. And be it enacted, That any cor
, ton formed under this article, may insure
the property, real, personal or mixed, which
any married woman may own, jointly or in
severalty, in the same manner as it she was a
feme sole, and any guardian may, with the as
sent of the orphans court, by which he shall
have been appointed, insure in any company
formed under this article, any property which
the ward or wards of such guardian may own,
either jointly or in seyeralty, and such insur-
ance shall have the same effect in all respects as
if the minor whose property is thus insured
were of full age, and had made such insurance
himself
Sec los. And be it enacted, That every in
surance company formed under the provisions
of this article, shall annually in the month of
January, cause to be made and certified to be
true under the oath or affirmation of the presi-
dent or other chief officer thereof, full state
ment of its affairs, showing its assets and liabi-
lities, and of what each consists, which state
ment shall be published once a week for three
successive weeks, in at least one newspaper
published in the city of Baltimore, if said COM
pany shall be incorporated therein, and in one
newspaper in the county where the said COM
pany is incorporated, incorporated elsewhere
than in the city of Baltimore.
Sec. LOG. And be it enacted, That any in.
surance company not incorporated in this State
but doing business and having an agent
therein, shall annually in the month of Janua'
~, publish in at least one newspaper in the city
| of Baltimore, for the period above mentioned
a statement made and certified as above pro-
yided
| Sec. 1O7. And be it enacted, That corpora
tons for making turnpike or plank roads OF
passenger railways. outside of the limits of tn
city of Baltimore, and not exceeding twelve
miles in length for any one road in this State
may be formed as hereinbefore provided. Turn
| pike OF pld1k IOduS OT pdSScuRcT railway Ao)
be constructed on the bed of any county road
or on part of the bed thereof, the consent of tn,
! county commissioners of the county in which
said road may lie having been first given il
writing, and recorded among the proceeding
of said county commissioners, and also record
ed in the book or journal of proceedings of sale
corporation. The location Of the bed of an,
part of said county road may be changed b.
said corporation for the purpose of q better con
struction of said turnpike or plank road or pas
senger railway, provided the land to be occu
| pied be obtained by agreements with the own
ers thereof, or by condemnation; at least ffteel
feet in width of the bed of any turnpike roat
shall be covered with broken stone or gravel
or other hard or durable material, to the deptl
of at least twelve inches, unless the natural bet
be hard, and the bed of any plank road shall b.
well and securely laid, and covered with planl
or wood for the same width.
Sec. 1O8. And be it enacted, That when an
! turnpike or plank road or passenger railwa.
shall have finished one mile in length, the pre-
sident and directors shall report to the count.
commissioners of the county in which it ma.
| lie, under the oath of the president and ma
1 jority of the directors and of the treasurer o
the corporation, the actual cost of said road, 81
far as finished, and thereupon the county com
missioners shall appoint three citizens OF tn
county to examine said road, and determin
whether the same is constructed in such man
ner as will subserve the public interests for tn
uses to which said road is applicable, who shall
i report to said county commissioners in writing