The Orangeburg news. [volume] (Orangeburg, S.C.) 1867-1875, 1871-03-18

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IL y coinPiro,'er ueneral Shall hold such
oohas or STOCKS as security for policy holders
IN inc company or Associationi hut, so long
us any Iompan or Association 80 depositing
snstl continue solvent the Comptroller Gen
gre, u'oy pertait such Company 10 collect
ahu receife nestnterest ON snch bonus or
stocNs 80 dSI,Ss,ssis
o.ps :. nnenevef auy Company or Assc-
cia,ion Is, or small become fully organized,
Sna 1the sit. Iesensny or Ass citation have
ucPosreu WIN thc Comptroiicr 6enorui tho
isYm's'e upiouia OF SIa'e oonds or stocks, II
snHii uecohle ms duty 10 lurnishfhe Corpora
ION AssociaHoh win q ccrtihcatefof such
ueposi., wpieh certncate or duplicatc Thereon
cefi,nea by the Comptroller General, may bc
nscu IN anu pe evidence Tor anu against the
sospofaaion,
ohe' o. II shaii Hot DC Tor any per-
sun or persons, corporation OF corporations,
associauon4o or hrsoctahpiis 10 act within this
oiate ~ agent, or o~therwise, IN receiving or
P.osurinS hPphca'issis Tor insurance CT any
hihd or hihos,' or IN any manner TO ala IN
,ralsao.ihg INC business OF reinsurance OF any
kihu or hlnds Tor any company or Associa
uoh Incorporates %, or orgnn'sc'i under the
laws OF this or any other State Goscrnmeni,
ahy ioreiSn government. unit! such loiu-
p"ny " association haye acposi'ea WIN inc
Io"P,ro'ier oeherhl ofthis State, Tor fEe
o.nope '" .hf Pohey hoiueTs oil such Ipm-
PanS,or ASSOCIATION, cliiacns or res;dcuts oil
shc united states. bonds or stocks of this
S'n'e ef"h, 'othe sum OF nifty ifo:satd dol
.uis P"r 'alue ior eash L'ie insurance Com
pamS u association, anu twenty thousand
uoiiars par Vaiie Tor each otiisr Insurance
oonPah OF ASSOCIATION but. SC long hs amy
company OF ASSOCIATION so dciitsitinS shall
continue solvent the Comp'.:,'er General
mny peFh'i s"ch company or ASscclhiiun TO
oo''ec' an" receive me interest on suci' bonds.
VI s.osNs ~ aePe''tcu' aii'' nave aff"i"'.i
VI attorney IN TINS state on whom process OF
Ia" eau DC served; anu said Attorney shall
na,c h,e'. WIN INC comptroller General n
YIN coPy .. nc char'er oil sala Com
Peny OF hssocia'lon, ma also u ccriined copy
~ ~ t"e No'e OF resolutions oil inc trustees or
Di:e..ors y sueh company or ASSOCIATION ap-
ponhs MN the A'torhey OF s"cn company.
mn,oh "Ppoin.nhent shai. continue un'il
"nem a',orhey DC substitutes" wh:ch
SINH ce uonc upon ihe dca,h, removal OF M
.nP'c,.y 20 aea Vi aueh attorney, OF MAJ be
uone " sueh company OF tNssocih'ioh al any
'nhe nheh tue foregoing requirements,
"nu '|on o'ner requirements as now are, or
may nerea!.ef DC required ny law, shall be
comPl'eu Win inc e9hr'roii.r General shat
hIse I" cerl,aeh'e u ina. chec': ana also stare
II meme o. .he attorney, winch certificate.
Wheh nleo In inc County Clerks Cii'ce OF the
No"ntS whcrc inc agency Is TO be located.
shS.. DC the authority to oinmenceb business;
sec. =. Every violation OF THIS Act shall
s"'yect inc company or ASSOCIATION or agent
of aseh.a' 'to.h''hg' JOINTLY ana sevcrai!y, to
Il penalty 0, I'VE hundred dollars FOR each
Nlot".ioh' "nich sna'i DC spec Tor ana recov-
crco IL yoin. or several nisi! action IN the
:. 'se o,atoo OF so",H sIronhn' by the
oonci'or OF inc Circuit In wh'ca the Gem
pany.or ASSOCIATION or agent or agents 50
violating. shali be situated one,h"'t OF such
80 1911 iefe" s"at, oc P''h mo