1050

LAWS OF MARYLAND.

Preamble.

WHEREAS, Alexander Milner, on the eleventh day of Octo-
ber, eighteen hundred and ninety-eight, procured a license
from the Comptroller of the Treasury for the schooner L. M.
Bates to dredge for oysters for the season ending March fif-
teenth, eighteen hundred and ninety-nine.

WHEREAS, Said schooner L. M. Bates, wrecked and totally
lost on the fifth day of December, eighteen hundred and
ninety-eight, three months and ten days before the expiration
of said license, said license only having run up to the time of
the loss of said schooner one month and twenty days; there-
fore,

Refund a sum
of money to
Alex. Milner.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Comptroller of the Treasury be and he is hereby
authorized and directed to issue his warrant upon the Treas-
ury of the State in favor of Alexander Milner, of Baltimore
City, for the sum of forty-one dollars and seventy cents, as
hereinbefore recited, out of any money in the Treasury not
otherwise appropriated.

SEC. 2. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 10, 1900.

CHAPTER 660.
AN ACT to repeal Section one hundred and sixteen of Article
23 of the Code of Public General Laws of the State of Mary-
land, and to re-enact the same, with amendments.

Public General
Laws.
Amended.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section one hundred and sixteeen of Article 23 of
the Code of Public General Laws of the State of Maryland be
and the same is hereby repealed, amended and re-enacted so
as to read as follows:

Life and health
insurance
companies
doing business
in Maryland
shall deposit
with State
Treasurer a
sum of money
as guarantee,
etc.

116. Every life or health insurance company incorporated
under this Article, except organizations formed under the
provisions of Section one hundred and twenty-eight of this
Article, as amended by Chapter two hundred and fifty -six of
the Acts of eighteen hundred and ninety-four, shall have a
guaranteed capital of not less than one hundred thousand dol-
lars, which shall be invested either in securities of the United
States, of the State of Maryland, or of the City of Baltimore,
and the same shall, before said company shall commence
issuing policies, be deposited in the Treasury of this State as
a guarantee for the payment of the policies of insurance