ART. 23.] CORPORATIONS—INSURANCE. 319

authorized and empowered to lay conductors or pipes, for the
transmission of gas, in any city, town or county, under the streets,
squares, lanes, alleys and roads thereof, paved or unpaved, and to
connect the same with any manufactory, public or private build-
ing, lamp or otlier structure or object, and with the place of sup-
ply, subject, however, to any law or ordinance that may be passed
by the municipal authorities of the city or town, or the county
commissioners having jurisdiction, for the filling up and repaving
any street, square, lane, or alley or road, under which the said
pipes may be laid.

1886, ch. 306.

111. Any electric light company, formed under this section,
shall have full power to manufacture and sell, and to furnish such
quantities of electric light or electric power, as may be required
or desired in any city or town of Kent or Talbot counties of this
State, in which, or adjoining which, the same may be located, for
lighting the streets, roads, public or private buildings, or for
motive power or other purposes; and such corporation is hereby

authorized and empowered to lay, construct or build lines or con-

ductors under, along, upon or over the streets, squares, lanes,
alleys and roads, paved or unpaved, and connect the same with
any manufactory, public or private buildings, lamps, or other
structure or object, and with the place of supply; subject, how-
ever, to any law or ordinance that may be passed by the munici-
pal authorities of the city or town, or the county commissioners
having jurisdiction, for the filling up, repairing or restoring such
streets or roads to their normal condition; but nothing in this
article shall authorize the incorporation of electric light companies
for the purpose of carrying on business or conducting operations
in Baltimore city.

Insurance Companies.

1868, ch. 471, sec 96.

112. The capital stock of any insurance company incorporated

under this article shall not exceed the sum of two millions 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