ART. —.] DOMESTIC INSURANCE COMPANIES. 57
1870, c. 422, for the purpose of meeting the expense of erecting and furnishing
suitable buildings for the asylum for the deaf and dumb, creates a fund to bo called
the " Deaf and Dumb Asylum Loan," and directs the treasurer to issue bonds to an
amount not exceeding one hundred thousand dollars, exempt from state, county and
municipal taxation, redeemable in not less than ten nor more than fifteen years;
and provides for tho levying of a special tax to meet the interest on and create a
sinking fund for the redemption of said bonds.
1870, c. 280 appropriates the sum often thousand dollars to enable the directors of
the Maryland institution for the instruction of the blind, to pay off an indebtedness
existing against that institution.
ARTICLE —.
Domestic Insurance Companies.
1. Insurance companies to report annually
to comptroller.
1st. Capital stock.
2d. What to report as assets.
3d What to report as liabilities.
4th. What to report as income.
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6th What to report as expenditures
Penalty for failure to report comptroller
to furnish printed forms.
2. Statements to be published penalty
for failure.
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1870, c. 257 repeals 1868, c. 294 [Supplement 1868, Art. —, Domestic Insurance
Companies] and re-enacts the same with amendments as follows:
SEC. 1. It shall hereafter be the duty of the presi-
dent or vice president and secretary, or other proper
officer of each company or association organized under
the laws of this state, to transact the business of insu-
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1870, c 257.
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rance, annually, on the first day of February, or within
one month thereafter, to prepare, under their own oath,
and deposit in the office of the comptroller of the treas-
ury, a statement of the condition of such company or
association on the thirty-first day of December then
next preceding, exhibiting the following facts and
items, in the following form, namely :
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Insurance com-
panies to report
annually to
comptroller.
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First — The capital stock of the company.
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Capital stock.
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Second — The. property and assets held by the com-
pany or association, specifying, first, the value, or as
nearly as may be, of the real estate held by such com-
pany or association ; second, the amount of cash on
hand and deposited in banks to the credit of the com-
pany or association, specifying in what banks the same
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What to report
as assets.
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