Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1898-06-03
PUBLIC GENERAL LAWS.



An ACT TO ADD CERTAIN NEW SECTIONS
TO ARTICLE 20 OF THE CODE OF PUB
Lie GENERAL LAWS. TITLE CORPORA
TIoNs." UNDER THE NEW SUBTITLE,
SURETY AND FIDELITY coaPAN1Es.'
TO FOLLOW SECTION 244. TO Be DEsIa'
MATED AS SECTIONS 244A. 244B AND
244o.
Section l. BE it enacted BY the General Assembly,
Of Maryland. That three new sertlona be, end ths
same afe, hereby added q article 3 Of the Code Of
~ hem new subtitle surety and Fids.iiy COM
panles, e foloM section ~. to be designated a.
lcwsi
zliA-Whenever any bond. undertaking recog.
Dl1anes other obligation By law or the charter
uluinancaa rules or regulations Of any municipality
SVEN, rendered Or hled with the surety on sure
duty Of obligation, OF the isfrainine from any act
is required OF permitted to be guaranteed. such
snfy may Be executed ~ 4 surety company aaaIi.
ned Is hereinafter proyided and such execution ~
ion. fecogni1ance q guaranty shall be IN ali r.
lpects full and complete compliance with every
requirement Of every lsw charter, Gsqnsnse a IIe
cation, Tecoanfzance or guaranty shall be executed
by one surely OF By one % more sureties q that
irecholdera or either or BOTH possess any other
Qualification; and al courts Judges, heads Of Dc
IArtInents boards, bodies, municipalities and pub
"a oncefs Of every character shall accept and treat
such bond, undertaking. obligation, recognzance
"a eoniornihs 70 and fulis and completely comply
ing with every such requirement 81 every SUCH law
charter. ordinance, rule OF regulation.
sfB.-such company or companies to be 50 quail
hed a. 70 act ss such surety O. guAfHntor, must e.
comply with the requirements Of every law Of TINS
doing business therein, must b authorized under
the laws Of the STATE where Incorporated ana
s Saass i 70 Obligation or
gnarenty; must have July paidup and safely ~ M
Vested and unnpairsd capital Of a. Least ssog919
tiss which liabilities, for the purpose Of this act.
snail be taken to be ~ outstanding aeoLs. ana q
ine current annual premiums on eaen outstanding
bond. undertaking. recosnizance and ebhgauen o.
TAX Commissioner certified copy Of its certih-
cate Of incorporation, a written application 20 BE-
with such application and in each year thereafter
a statement. Vefined under oath. made up to De
paid-up cash capital particulariziEg each item Of
Investment, the amount OF premiums upon exlstins
81 lie character IN force upon which 1t is surety,
the amount OF liability for unearned portion there
e Annual premium on eacn such bond under
taking fecognizanees and obligations in force, stat
q all kinds and such further facts as may be by
me laws Of this State required OF such company in
y ofsanied I1 Under the laws Of any other STATE
tnan this state. it must have on deposit Hitn =
s. 1 not len q tS Sas ss good secu de-
posted with and held BY such oIncer Tor me oene-
q q the hGdss Ct ~ Dan s Won oloo p a
cess Of law be served, which appointment snail
continue qntl relsked Of another attorney sness,-
sioner evidence Of such appointment which snail
state the residence and ONCE OF such attorney.
~ Tr..
proof BY any such company Of lis possessing ths
qualifications Of tis act specified shall Issue to such
Ssa aa i sntborised for ne ensuing ysai
70 DO business under TINS Act which said ceftaneAte
snail BE- evidence Of suen quAlincaton q saen COM
accepted as sole surety on all bonds, undertAhnas,
recosnizanoes OBLIGATIONS required OF permlttea Dy
lations Of any municipality, board. body. ozAnlza.
lion or public officer, and the solEeney ana credit
Of such company Tor all purposes and us suneienly
Is such surety.
Section 2 And be it further enacted That all
acts or parts Of acts ineonsistent WIN the pro
Yiaious Of this act be, and the same are, hereby
repealed 20 lar as thus Inconsistent
6ection J And Dc II IuIthes enacted, That TINS
Approved April .. 1855
LLOYD LowNDEs. Governor.
JOHN WRIT RANDALL.
President OF the senate.
LOUIS scHAEFER,
spesIsr q Tue house q Delegates.
We hereby certify that the sfoFesoing is correct
CODY OF an act ot the Gencfat Assembly q Mary
land, passed at the January session. lsso.
MAETIN IL HIGGINS.
secretary Of the Senate
Chief CLERK q 1 tie ao houss q Gsisssate.-