ART. 26.] CORPORATIONS.

61

state, and shall file in the office of the clerk of the
superior court of Baltimore city a certified copy of the
vote or resolution of the directors appointing such
agent, to be recorded at the cost of such agent in
a book to be specially procured for that purpose,
which appointment shall continue until some other
agent shall be in like manner appointed in his place,
and the appointment certified and recorded as afore-
said.

Certified copy
of appointment
to be recorded
in clerk's office,
superior court.

103. Said company shall also file in said clerk's
office, to be recorded as aforesaid, a certified copy of
its charter, together with a statement under the oath of
the president or vice-president and secretary, and to be
. renewed annually, in the month of January of each

Certified copy
of charier and
annual state-
ment, to be re-
corded.

year, setting forth the name of the company and the
place where located, the amount of capital and the
amount actually paid in, with a detailed statement of
its assets and its indebtedness, the amount of losses
adjusted and unpaid, the amount incurred and in pro-
cess of adjustment, and any other claims existing against

What to con-
tain.

the company; and in the case of life insurance com-
panies the said certificate shall contain a statement,
under the oaths of said certifying officers, that the said
company has invested in good securities, naming them,,
an amount equal to that required of similar companies
authorized to be incorporated under this article, and
that such securities are held in trust, and by whom,
for the benefit of persons who may effect insurance in

Life insurance.

said company. The first certificate herein required
shall be filed by all companies doing business in this
state, on or before the first day of July, eighteen hun-
dred and sixty-eight, and any person who shall, after
the first day of July, eighteen hundred and sixty-eight,
act as agent of any insurance company which has not
complied with the provisions in this section contained,

Certificate,
when to be
filed.

shall be subject to a penalty of five hundred dollars
for every day he shall so act, to be recovered as other
fines and penalties are recovered in this state, one-half
to the use of the informer, and one-half to the use of
the state.
5

Penalty
against agents.