THOMAS SWANN, ESQUIRE, GOVERNOR. 935

said municipal authorities may from time to time prescribe.
Sec. 95. And be it enacted. That if any corpora- tion formed for the purposes mentioned in the next preceding Section, cannot agree with the owner or owners of any land or water rights, which such corporation may have power to acquire for the pur- pose of laying pipes or constructing its works, or if such owner or owners, or any of them be a feme covert, without power to contract in relation to said property, or under age or non compus mentis, or under any other legal disability, or be absent from the county or city in which the said property may lie, when the said land or water rights may be needed, the corporation may proceed to condemn and acquire the same in the manner provided for in Sections one hundred and seventy, one hundred and seventy-one, one hundred and seventy-two, one hundred and seventy-three, one hundred and seventy-four, one hundred and seventy -five of this Article.	Condemn property.
Sec. 96. And be it enacted, That the capital stock of any insurance company incorporated under this Article shall not exceed the sum of two mil- lions of dollars, and except in the case of mutual insurance companies shall not be less than one hundred thousand dollars ; and at least one-fifth of the whole capital stock shall be paid in before the said company shall be competent to transact the business for which it shall have been incorpo- rated.	Insurance cornp'y — capi- tal paid in.
Sec, 97. And be it enacted, That any corpora- tion incorporated under this Article for insurance purposes, except for the insurance of the lives of persons, is hereby authorized to include in its cer- tificate of Incorporation as among the other ob- jects and purposes for which said corporation is formed, the following, that is to say: to guaran- tee the payment, punctual performance, and col-	Except life.
lection of promissory notes, bills of exchange, con- tracts, bonds, accounts, claims, rents, annuities, mortgages, choses in action, evidences of debt, and certificates of property or value, and the titles to property, real or personal, on such terms as maybe established by the Board of Directors of said com- pany ; to receive on storage, deposit or otherwise,	Powers.