The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1868-06-11


incorporated association Of persons had ORIGINALLY
i Sec s And Is i enacted That any trustee Or
ss,,es man nave Been ads 10 and or the use
such unncorporated association pay Dc regnlrea e
sach oorporstion and All ne iia6itis. end
~ Rindns force Or eject Il sneh association bud
been S@ h sns Sc Il enacted d tie pto
vision Or tho f6roeoine anniiena tenn asqtion eIehiy
Su fo 20 seS spDOIiciste tofpotIons which
formed in this State. fer the pnrpoae. gf lpan.nGI
money real or personsa property sshali be held to
apR ss e And u Il saselsd. That any corr
pOratl0n To-, Cd md. q. he 81 she Asvs
where tie same. may "a leoatsd, faE IiehtIns rs
Other purposes. and sn@h coFporetiaa sbaA kaE.s
mower 70 lay conductors aor ~ sb.6hsh
the sss s tSs u s1S ~ as
Of said city or town. and undsz such FeasonahlefeRn1
lAS1s e i anS $sk Vs nsss
which may be formed upder the nresisieas O. nv
spy town W. Or sy IL 6is ats ske have power
acquire. possees and use All sseh landn watef nEnu
and Othss gscDs.y snd s nsys AZ Y, sSS BSHs
70 Iay pipes and eonflrucs al such other works II
e ss s.sSy Ou is r y ss e &
vided tho assent Of i tie mHnicipht an'hoFiu cs
such works. and The gzsrslSa q the powers hersb4
granted. shah atah has 10 slhleet p such reaaonf
abie reguatiops - ssia nunioipa Authorities MAJ
Ree sS And 81 Il ssnseled THAT IL Asy eorpcral
ton formed for tho PURPOSES msntionea Ia the ne
p pTTsSH u Any Lard or Sssss rhis which spe
porAtlon may have power y acquire fef Rqrposs
owner or owners. or any OF them DO a gesa6 ae4erd
without power 10 contract In relhtiop "a sKd hfcp
sy o Fl IDd sr, fss q G s e. r. ns
county OF cty IN which the said properly may Id
when The s.id lsnder sstsg rishb NAY bs nssee
qnirs the sams In The aaurer fOr u dsetonp
no III. l72. l7S Ia. l55 e thls Asl.els
Article shall not exceed tbs sum of two millions II
SSS saG sSs Sea g ens Sn
sand dollars. and Al Lee 81 OF the whole carl
i,al ,tSok shall b Paid q before ths asa
Fec ". Ard ). Il snaeisd, That as dprpotslloS
poses. except for he lnsprsrce 81 tha ives o. rrk
sons. Is hereby snthsriEsA % ineiu9g Ia iw cpFid
SSs 81 S9 soS "a S L
following that u 10 aayl 70 guerhntee ths payren
pusctqasl performaDcs. and ePlIessiog pi9mi5soT
SSdsnoc sa q DEBT and aTtSsstss Il srsDsfy .
s TSSi ss sas % si =
Directors Of said eoIapanyi e fenhgs ~ gtosagf
plate stock. bon "a. otss x XII
sndts lake The nsnsss1n:SE sns.ody I'd shss !
Savs sSs S @obsS S5sRs aps saa
property. real, personal % mixed, on saeh sfns
Es .n 81 ~ ss sSa R' !. i1ss B 81 81
laws Of such corporation; provided. that nv eorP4
Tsss ss t S s0S p @ ssD
siEnete the ssns Is Fseenfiv.Sas wen - an TO-
'A See. Is And be /. enacted, That cprporaHar
formed under the provisions of this Article fof -
suranoe purposes may be formed either a innini
Sies combinod, "a shaii Be dsterminsd spd declare
In the oertihoAts Of Incorporation Of aaid company
formed ssS II 1n 4Sa Rs psossS 's E
purposes 81 life Insurance hereby authorized aie
S 70 ess: GT SS.a y ss g
wise provided for 10 its ehafter or by.l&wH.
SEQ. 100. And be 4 snaeted. That sysv ~ iasS
hsvs ruarantee espilal of nol lees Tran one Euh
dred thousand dolisrs which shaJl beinysstod ithS
sssS's q r. x. g N. 4 ssss & ~
policies be Deposited n he TrNfary q mis- SIS Y
sursnss iSiasd ~ ssid sonpsnyl AID Ss sad cob
pany from tine o .itns, e thsy shaii asss pr9ps
change and rsdsposit sAs sans with fss said re
urer, under such rules and Lexnlatons for said ~
SIrse ths snia Sonpans esnpiss ttsssd Snss
70 either or ali q sad sssgriia. aIe.s named int
msao % ssid ssouriiies. md tks sale q
thereof hall bs cOlIsctsd s.. sad paid 70 Ssd scs
Sec Sc. lol. And DO H. enacted. Thai any .narrsr
woman. By hersff and II he nasas. or Il ~. nsto
may insure IN any lilo IpgaIHses sqinpsay lcrnls
under the provisions Of THE Article fer her vqc '
he life q her husband foF any Ssni,. ps'ipd q Z
survive her husband. the san or INST Rnoupt Of II
insaranee becoming due and ppyabis BY he tsrtr
own uso free from the csims Of he representative
the husband q any Of tis er.dlters and y cass ,
band the amount Of ihs insnyance may DO mao
payable after death 10 her eharen Tor fhefy so II
- their guardian II under aEe. - sT{ssR |
Sec. ll2. And be IL enacted. That Il shal not b
lawful for any insurance company Incorporated On
der the laws Of any other State % the Uni "a State
or BY any foresn government directly Or pdirsclll
tnai capital required q similar eompsnsss for1ss
under the provisions Of this Article. and any sac
company desiring TO tsansast any saaA husines} /
Aforesaid BIZ an agent or agents 10 this ,sts ess
this State and shall Ie IN the ef6es Of fha SisrI
the Superior Court Of baltimore city . certified GOV
Of The vote Or resolution % The directors apPgints
such agent 70 be recorded at the oest 81 snah acE
in n book 10 be specially procured for that purpbsl
which eppointment shall continue nntIl some obs
agent shall be In like manner appointsd IN bis plk
and the appointment certified and recorded As
&c., l0s. And be Il enacted, THAT sasd eompan
shall also &c in Faid clerks once to be rcsordeA
aforesaid, certified COPY OF Its charter, togeths
with statement under The oath Of he Prssidsnf :
Vice President aud Secretary and 10 be reneEe
annually In tho month Of January Of each year bof
ting forth the name Of the company and the pkae
where located. tho amount Of capital and the a0uF
actually paid In, with detailed eAsenlant Oh Il
assets and lie Indebtedness. the amount ~ losse al
iugted and unpaid. tho amount inourred and III bro
cess Of adjustment. and any other cEsims exislin
Aaaips1 the comphn and 10 The case on life theu
rance compan les the said cersihnate shan contain,
eatement, under the oatha Of said eerifyne an 1er
that the said company has invested Ia good secnfi
ties. naming them. an amount egpaltn that foquirs
OF similar companies authorized 10 be tDcorporkte
under this Article, and that such Securities arc kel
In trust, and By whom, for the beaaGt or y
may effect insurance In said COMPANY. The dV,
certificate herein required shall be dlsd nv Ali c
panies doing busina this State. On ~ bsr ~
hrst day Of July eighteen hundred aud eixty
and any person who shall after the fret day az li,
eighteen hundred and sixtyseiEht, act ns aesIit Z
any insurance company which has not conn ils
With ne provisions n this section conlaIneL aha
be subject 20 a. penalty OF i've hundred doflArS II
every day he shall act. 70 DO recovered a okhs
Mines and penalties are recovered 10 this State onl
half % the use Of theinformer and ons-half Ia h
use Of the Etate. ss tjtl- NJ I :
Sec. 104. And be II enacted, That any eorporatlo
formed under this Article nay, inauneg thr propkrt
real. personal or mixed. which any married Woins
may own Jointly or in seveTnlty. Ia the sama rbar
ner as n she we're JeHe sole. and any guardian ma
With tho assent Of tho 0rphans' Court, By which 1
ghan hars been appointed. insure In any eombar
formed under this Attic o, any property which n
ward OK wards Of such guardian nav own eth
Jointly or IN egernly. and such insurance all haf
the sane sast 10 ni resi- rs as II the minor W.
property Is thus insured were Of full azD and he
made such Insurance himself. ffs sat5n n 1 n