The Birmingham age-herald., 1915-10-23

 from the endowment fund of the Uni versity of Alabama, by authority or the executive committee of the univer- sity of Alabama; and,
 Whereas. the committee voted unani- mously that this investment was in substantia1 conformity with the spirit of sthe statute of Alabama which per nits investment of this fund in state securities; therefore,
 Be it enacted by the legislature of Ala
 bama:
 That the sum of $27.5OO and interest thereon at per cent since July i, 1914 be and is hereby appropriated out of any fund in the state treasury not otherwise appropriated. for the purpose of paying certain certificate of in debtedness issued by the governor Of Alabama. January F. 1915, which cer- tificate was given by the governor of Alabama for the purpose of paying in- terest on state warrants carried at cer- tain banks during the years 1914 and 1915.
 Sec. ?. That with the twenty-seven thousand five hundred dollars ($27,500) and interest thereon at per cent since July l, 1914, herein appropriated the governor is authorized to pay the sum Tor which certificate of indebtedness was issued on January 12. 1915, to the endowment fund of the University of Alabama.
 Sec 3. That the state auditor is di- rected and authorized to draw his war rant on the treasurer of the state of Alabama for the sum of $27,500 and interest thereon at per cent since July l.. 1914, on the order of the governor or Alabama, for the purpose of paying the certificate of indebtedness hereto iore issued by the governor of Ala bama. for the purpose of paying inter est on state warrants carried at cer- tain banks during the years 1914 and 1915.
 Approved September 10, 1915.
 JOHN puR1FoY.
 Secretary of State
 AN ACT
 No. 796.) fH. 1881. Carmichael. To amend an act entitled An act to
 amend section 4546 of the Code of
 Alabama of 1907.' approved April 24, Be it enacted by the legislature of Ala
 bama:
 Section 1. That an act entitled "An act to amend section 4546 of the Code of Alabama of 1907," approved April 24, 1911, be amended so as to read as fol lows: Before granting certificates of authority to any insurance company to issue policies or make contracts of insurance, the insurance commissioner shall be satisfied, by such examination and evidence as he Sees fit to make and require, that such company is duly qualified under the laws of the state to transact such business therein. As often as once in two years the insurance com missioner shall personally, or by his deputy or by some competent person appointed by him for that purpose. visit each domestic insurance company and examine it's affairs, especially as to its financial condition and ability to fulfill its obligations, and whether it has com piled with the law. He shall make also an examination of any such company whenever he deems it prudent to do so. He shall also make an examination of any such company upon the request of five or more stockholders or five or more persons pecuniarily interested therein, who shall make affidavit Of their belief, with specifications of their reasons therefor, that such company is in unsound condition, if in the opinion of the insurance commissioner such ex- animation is necessary. Whichever he deems it prudent for the protection of policyholders in this state, and believes that any company authorized to do bus mess in this state has violated any of the provisions of this article, he shall. in like manner, visit and examine, or cause to be visited and examined, by some competent person or persons he may appoint for that purpose any for eign insurance company applying for admission or already authorized to do business by agencies in this state.
 Sec 2. That all laws and parts of laws in conflict with the provisions of this act be and the same are hereby repealed.
 Approved September 2s. 1915. Official
 JOHN PURIFOY,
 Secretary of State.