HARRY W. NICE, GOVERNOR. 361

that in case of the death or absence of the attorney so
appointed, service of process may be made upon the Deputy
Insurance Commissioner. Said power of attorney cannot
be revoked or modified so long as any policy or liability
remains outstanding against such company in the State.
The term process, used above, shall be held and deemed
to include any writ, summons, or orders whereby any
action, suit, or proceeding shall be commenced, or which
shall be issued in or upon any action, suit or proceeding
by any court, officer or magistrate; thirdly, a statement of
the condition of the company on the thirty-first day of
December next preceding, under path of the president or
vice-president of the company, with that of the secretary
or actuary, as hereinafter provided; fourthly, a certificate
by every company writing life, accident, health, liability
or compensation insurance, or fidelity or surety bonds,
which shall be renewed annually, from the Commissioner or
Superintendent of insurance, or proper financial officer
of the State in which such company is organised, or by
the Treasurer of the State of Maryland, or of some other
State of the United States, setting forth that such com-
pany has deposited with him the sum of one hundred
thousand dollars of its capital or assets, in bonds, coin or
treasury notes of the United States, or in bonds of the
State of Maryland or of the State in which such deposit
is made, or in bonds secured by mortgage or deeds of trust
on unencumbered real estate worth at least double the
amount loaned thereon, and that he holds the same in
trust and on deposit, under and by the laws of the State
in which he resides, for the benefit of all the policyholders
of such company in the United States, and that he is
satisfied that the securities so deposited by such company
and held by him are worth at least one hundred thousand
dollars ($100, 000).

SEC. 2. And be it further enacted, That this Act shall
take effect on June 1, 1935.

Approved: May 17, 1935.

CHAPTER 150.

AN ACT to repeal and re-enact, with amendments, Section
67 of Article 41 of the Annotated Code of Maryland
(1924 Edition), title "Governor—Executive and Ad-