Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1878-05-03
[CHAPrER LOG. |
LICENSES.
AN ACT

To repeal Sections twenty-seven, twenty-eight,
twenty-nine, thirty, thirty-one, thirty-two,
thirty-three thirty-four, thirty-fve and thir-
tysix, of Article ffty-six, of the Code Of
Public General Laws, entitled Licenses"
subtitle "Foreign Corporations and Com
panes, and the amendments thereto, made
by chapter three hundred and eighty
eight, of the Acts of the General Assem-
bly,, passed at the January session, eighteen
hundred and seventy-two, chapter four hun
dred Of the Acts of the General Assembly
passed at the January session, eighteen hundred
and seventy-four, and chapter two hundred and
forty-eight of the Acts of the General Assem-
bly,, passed at the January session, eighteen
hundred and seventy six and to repeal sec
tion one hundred and five of article twenty
six, of the Code of Public General Laws, title
Corporations, subtitle 'Insurance Com
panies, and the amendments made thereto by
chapter nine of the Acts of the General As.
sembly, passed at the January session, eigh-
teen hundred and seventy -four; and to re-
enact said sections twenty seven, twenty
eight, twenty-nine, thirty, thirty-one thirty
two, thirty-three, thirty-four, thirty-fve and
thirty-six, of said article fif1y-six of the Code
Of Public General Laws title "Licenses, -
subtitle Foreign Corporations and Com
panies :" and also to re-enact section one
hundred and five of said article twenty-six, of
the Code Of Pubic General Laws, title "Col-
porations, " subtitle "Insurance Companies !"
with amendments.
Section |. BE it enacted by the General AS
sembly of Maryland, That sections twenty-seyen.
nty-eight, iwenty-nne, thirty, thirty-one,
thlriy-two, thirty-three, thirty -four, thirty-fve
ana thirly-siX, OF article hity-six, of the Code of
Inbic General Laws, title Licenses subtitle
Foreign Corporations and Companies" and the
amendments made thereto by chapter three hun
dred and eight, -eight, of the Acts of the Gene
raj Assembly, passed at the January session,
eighteen hundred and seventy-two, by CHAPTER
Tour hundred OF the acts of the General Assem-
ply, passed at the January session, eighteen hun
urea ana seventy-our and chapter two hun
dred and iorty-eght, of the acts of the General
Assembly, passed at the January session. eiob
teen hundred and seveuly-six, and section one
hundred and hve, of article twenty. six, of the
Code oil Public General Laws, title Corpora
lions, subtitle Insurance Companies, - and the
amendments made thereto by chapter nine. of
the acts of the General Assembly, passed at The
January session, eighteen hundred and seventy.
four, be, and the same are hereby repealed and
mat said sections twenty-seven. twenty-eight
tweniy'nine thirty, thirty-one, thirty-two, thir.
ty-three, thirty four, thirty-fve and thrty-six
OF article hfly-six, of the Code of Public Gene.
raj Laws, title Licenses subtitle "Foreign
Corporations and Companies and section one
hundred ana five of article twenty-six. of the
Code of Public General Laws. title "Corpora.
lions, subtitle 'Insurance Companies be
and the same are hereby repealed, amended and
re-ehac'ed, SO as TO read as follows:
p. There is hereby established distinct de-
paflmeni, TO be known ms The Insurance Denar,-
ment, the office FOR which shall ne in the civ of
Annapolis, which shall be charged with the exo-
ution oi The laws Of this State Ia relation 10 insn
rance, the ehiefoicer of which shall be annointcd
Dy The Governor, Treasurer and ComntroiIer ,or
we Term OF four years, and shall be known AZ
'ne Insurance Commissioner, aud shall receive
an annual salary OF twenty-five hundred dollars
payable only out oil the fees Of said department
su'nor1.d oy TINS act and shall hold his office
during the term for which he 4 annoin,eS os
uniil ms successor is appointed and qualified
unless sooner removed by the Goyernor Treasl
nrtr aud Comptroller; and the said Insurance
commissioner shall give bond 10 the state Of
Maryland In the sum OF twenty thousand dol
lars, Tor The faithful discharge OF his duties ana
nc person who is director. officer. or agent ~
or directly or Indirectly interested In ann man
rance company, except as insured, shall be an.
pointed as such Insurance Commissioner. ana
the said Insurance Commissioner Is authorized
TO appoint an actuaTy for his said Insurance De.
par'ment and also to employ such clerical as
sS'Ahoe as be may deem necessary 10 the proper