ART. 12. ] LICENSES.

ness of insurance broker, and any individual, copartnership or firm
who shall carry on the business of an insurance broker without a

133

license shall be subject to the penalties imposed upon other brokers
by section nineteen of this article

Penalty.

12. Any person applying for the same, and paying the sum of
one hundred dollars, may obtain a license for carrying on the busi-
ness of exchange broker.

Art 56, s 9
1841, c 282, s 1,
1842, c 257, s 2
Exchange
broker

13. Any person applying for the same, and paying the sum of
seventy-five dollars, may obtain a license for carrying on the busi-
ness of stock broker.

Art 56, s 10
1842, c 257, s 2
Stock broker

14. Any person applying for the same, and paying the sum of
fifty dollars, may obtain a license for carrying on the business of
bill broker.

Art 66, s 11
1842, c 257, s 2
Bill broker

15. Any person applying for the same, and paying the sum of
fifty dollars, may obtain a license for carrying on the business of
real estate broker, and any individual, copartnership, or firm who
shall carry on the business of a real estate broker without a license,
shall be subject to the penalties imposed upon other brokers by sec-
tion nineteen of this article.

1868, c 448
Real estate
broker.

16. Any person who shall offer to act as real estate broker, by
advertisement, sign, or otherwise, shall be required to take out a
real estate broker's license, as required by the last preceding section,
before he shall so act or advertise.

Sub sec 1876, c
288
Who required to
take out a real
estate broker's
license

1 7. Any person or partnership applying for the same, and paying
the sum of seventy-five dollars for each individual or representative
of such firm or partnership, may obtain a license for carrying on the
business of a merchandise broker.

1878, c 337
Merchandise
broker

18. Any person applying for the same, and paying the sum of
one hundred dollars, may obtain a license to carry on the business
of pawn broker.

1874, c 256.
Pawn broker.

19. If any individual, copartnership, or firm shall use or exercise
the business or occupation of a stock broker, or an exchange broker,
or a bill broker, or a pawn broker, or a merchandise broker, without
having procured a license, as required by this act, he shall be subject

1874, c 256,
1878, c 270.

to a penalty of five hundred dollars for each offence, one-half for the
use of the State, and the other half to the informer.

Penalty

20. Any person who shall make it a business to deal in any man-
ner upon his own account, or for others, in the purchase or sale of
stocks, bills, notes, bank-notes, or other obligations, shall be deemed
and taken to be a broker; Provided, that no person having a license
himself, shall be obliged to pay a license for the clerks or agents em-
ployed by him.

Art 56, s 13
1842, c 257, s 3
Who deemed a
broker

21. If any person who has obtained such license shall die, or
shall remove from and cease to use and exercise the business of a
broker thereunder in the county or city therein named, before the
expiration of the term therein specified, the benefit of said license
for the unexpired term shall inure to and be continued in his legal
representative or assignee, upon application to the proper clerk for

Id s 14
1841, c 282, s 4
In case of death
of party who
has taken out
license as
broker, legal
representative
or assignee may
continue