The Orangeburg news. [volume] (Orangeburg, S.C.) 1867-1875, 1871-02-18

T% NfUNScuf teS-
pftssstd, auih1rlrieE Frcesss Of law "a s.
saved Oh said agsnt-ar aiielasy for all. la
niiitles ar every estnf ineurrc,tin This State
by sald company, sahdfiat such setyi ice qaulp
on such lgeFt or attorney IN the manner re-
qrired by the laws of this State shall be-
deemed legal md biniing on the coinpany or
companies, in all cases Whatsoever. and Thar
every Judgements 50 recovered shall DO con :
elusive evidence Of tie indebtedness OF the
company; snd ia addition TO said warrant o.
appointment, there shall be filed and pub-
ltstiri n statement, made under oath OF IFS
President or Secretary, showing its assets
u liabilities, and distinctly showing ihe
! amount or capital stock, and how the same
has been paid, aud Of what the assets OF the
company CONSISTS, the amount of losses due
an9 unpaid, and all other Claims against the
company, or other indebtedness, whether due
ornot dug Mt the time OF the fling of the
statement above. and shah further Show
ISL. That said companies have fulfilled the
provisions OF their respective charters. and
al the extensions and amendmcnts thereto in
every particular, Sand whether there has been
any cnange OF charters since last statement.
"a. The amount of policies outstanding as
near as cali be ascertained.
ID. The character of the risks. and the
rule governing companies and their agents
In taxing the same, Doth as 10 locality and
amount
9TH. The particular character of the as
sets, specifying The amount of cash and pub
lte, oank, manufacturing or other stocks and
bonds, or other securities, held by the com
pan,es. with the evidence that thu, are held
by t,cW, the rule OF investment in real as
tate, securities. andfthe general localities OF
real estate secured TO companies.
nh. The amount received from premiums.
and whether sufficient to pay losses, &c.
oth. Whether there have been any chan
gcs IN agencies during the preceding six
months.
Snc. o. That every agent or attorney OBJ
tanning such license shall also cause such IL
cense 10 DE published in some newspaper, 10
s'"aahvt the Gonnfroller General.
having circulation in the county in whicn ne
restdes. the company snail aise furnish inc
Comptroller General, through their agent.
an nnnual statement Of the affairs of the com
pany, as provided in the second Section OF
this Act, t.ad 1t shall be the duty ofthe agent |
or agents 10 publish the same.
SEQ. 4. That if the Comptroller shall he !
satisfied that any company ia i~nsolvcut
or unsafe, itshall be his duty to refuse Ii
ccnse to its agent or agents, and to withdraw
any license hat has been already issued.
SRo. s, That any person who shall deliver
any policy of insurance, or collect any pre-
OF insurance on transact any business /
OF insurance in this State, for any ompany
IN the United States, or foreign State, not
Incorporated by the laws of this State, with
out having first obtained liccnse as by this
act required, or after his license has been
Withdrawn, or who shall in any way violate
the provisions Of thisfAct, shall be fncd for
every such offence not less than one hundred
i~ollars, nor more han FIVE hundred dollars.
lttlic discretion of the Judge: Provided,
'urther, That nothing Contained in this Seq
lion shall release any company or companies
any policy Issued or delivered by it or
.Iem.
ssrs 9. That Fer ttery license is2ucd by
he Comptroller General under this Act. he
'bah be paid by the company taking out
Iitctl license the sum Of Ave dollars Tor his
use.
S;S. g.. aiihaS all Acts or parts Of ACTS IN
consistent with this Aot are hereby feptaled q.
In the Senats-Honse, the ffih day Of
March, in tbs year of aur Lord Que thou-
sand eight hundred atd sixty-niDe
ID. H. C0GBiY.
president pro ~ftmnoroof the Senate.
FHANkLIS u. MOSES, 81.
SRcaker cf Che u oiise of Representatives
Improved the sixth day OF Marcll, 1858.
RoBIET * ScoT4, Governor. =