EMERSON C. HARRINGTON, GOVERNOR. 871

Commissioner a certified copy of its certificate of incorporation,
a written application to be authorized to do business under the
preceding section, and also with such application and each year
thereafter a statement verified under oath made up to December
31, preceding, stating the amount of its paid-up cash capital,
particularizing each item of investment; the amount of prem-
iums upon existing bonds, undertakings, recognizances and ob-
ligations of like character in force upon which it is surety; the
amount of liability for unearned portion thereof computed on
each respective risk from the date of the policy or estimated a.t
the rate of fifty per centum of the current annual premiums on
each such bond, undertaking, recognizance and obligation in
force, stating also the amount of its outstanding obligations of
all kinds, and such further facts as may be by the laws of this
State required of such company in transacting business therein;
and if such company be organized under the laws of any other
State than this State, it must have on deposit with a State
officer of one of the States of the United States, not less than
$100,000 in good securities, deposited with and held by such
officer for the benefit of the holders of its obligations; must also
appoint an attorney in this State upon whom process of law can
be served, which appointment shall continue until revoked, or
another attorney substituted, and must file with the State In-
surance Commissioner evidence of such appointment, which
shall state the residence and office address of such attorney.

380. The State Insurance Commissioner upon due
proof by any such company of its possessing the qualifications
in Section 370 specified shall issue to such company a certificate
setting forth that such company has qualified and is authorized
for the ensuing year to do business under Section 378, which
said certificate shall be evidence of such qualification of such
company and of its authorization to become and be accepted as
sole surety on all bonds, undertakings, recognizances and obliga-
tions required or permitted by law, or in the charter, ordi-
nances, rules or regulations of any municipality, board, body,
organization or public officer, and the solvency and credit of
such company for all purposes and its efficiency as such surety.

381. No corporation, which under the laws of this State
shall act as trustee, executor, administrator, guardian, commit-
tee or receiver, or in any one or more of those capacities, with-
out bond or security other than its own obligation, in any case
in which bond would be required from a natural person in the
like or similar capacity, shall incur the liability of a surety