The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1872-05-11

company to terminate the same in case
ofthe depreciation of,hesecurities below
that limit aud provided, 10 all invest.
ments made upon mortgage1 securities
the evidence OF the debt shall accom-.
pany the mortgage or deed of trust
30. That whenever the Attorney
General Of the State, or States Attor.
ney for the City OF Baltimore, or for
any county 10 this State, shall be au
thorized by the Comptroller to institute
proceedings against any insurance com
pany incorporated under the laws of
this State, to ascertain whether such
corporation has been guilty of such
misuse, abuse or nou.uses Of its corpor.
ate powers and franchises, as by law
would authorize aud make proper the
forfeiture OF its charter, corporate pow.
ersand franchises, the Attorney General,
or States Attorney SO authorized, shall
file in the Superior Court Of Baltimore
city, or the Circuit Court Of the county
as the case may be, petition in the
name Of the State, setting forth fully
aud 10 detail, the alleged abuse, misuse,
or non uses, by reason whereof tho for.
fixture is sought, aud upon the filing of
such petition the Court in which it is
filed, or any Judge thereof, shall lay a
rule requiring the said company or cor.
poration to show cause within such time
as the said Judge may deem proper,
why decree Of forfeiture shall not DO
passed as prayed 10 said petition, copy
Of which rule aud the petition shall be
served on the President, Managers,
Secretary, or some other officer of the
said company or corporation, by a day
to be therein limited, not exceeding
twenty days, as other processes against
such corporation or companies are di.
rected to be served, aud further pro.
ceedings shall be had 10 said cause in
conformity with the Act passed at
January Session, eighteen hundred and
sixty eight, chapter four hundred aud
seventy-one.
80. Any person or persons, or any
company or association, violating any
of the provisions Of this Act shall be
subject to fne Of not less han one
hundred dollars nor more than one
thousand dollars, which fines shall be
sued for in tbs name OF the State Of
Maryland, aud collected as all other
ines, are imposed by the laws of this
State, are now colectable, aud any Act
or part Of an Act, inconsistent with the
provisions OF this Act, be, and the same
are hereby repealed; provided that no
right OF action accrued, or penalty in
Cured, under any existing law repealed
by this Act, shall be thereby waved or
anuulled in any way, but the same may
be enforced under said Acts, 10 the
same way us it the repeating clause had
not been passed aud PROV led further,
that when by the laws of any other
State, any taxes, fnes, penalties, depos.
its Of money, or securities, or other
obligations, or prohibitions, are imposed
upon insurance companies, Incorporated
VI VI HauiLtu uultE Alt laws OF tUlS
State, aud transacting business in such
other State, or upon the agent Of such
insurance companies, not imposed by
the laws Of this State, SO long as such
laws cOntionue in force, the same taxes
fines, penalties, deposits aud obligations
shall be impos d upon all insurance
companies doug business in this State,
which are incorporated or organized
under the laws Of such other State, aud
upon their agent or agents.
See 2 Aud DO it anactcd, That
this Act shall take effect from aud after
its passage
We hereby certify that the aforegcing
is true aud perfect copy Of an Act
passed the General Assembly OF
Maryland at the January Session.
1872.
AUGUSTUS GASSAWAY.
Secretary Of the Senate.
MILTON Y. KIDD,
Chief Clerk House of Delegates.
APproUei April LIST, lo72.
CHAPTER l72.
AN ACT