338 CORPORATIONS—INSURANCE DEPARTMENT. [ART. 23.

from any of its officers or agents, on such points as he may deem
necessary and proper to eh'cit a full exhibit of its business and
standing, all of which statements herein required must be certi-
fied by the signatures and oath of the president or vice-president
of the company, with that of the secretary or actuary. No com-
pany having neglected to file a. statement required of it within
the time and manner prescribed shall do any new business, after
notification by the insurance commissioner, whlle such neglect
continues; and any company or association neglecting for thirty
days to make and transmit any statement required, shall forfeit
one hundred dollars for each day's neglect; and any person or
company wilfully making a false statement in any report to the
insurance commissioner, shall be liable to the fines imposed by
section 138 of this article.

P G L , (1860,) art 56, sec. 34. 1858, ch 432, sec. 7. 1878, ch. 388. 1874,
ch. 400. 1876, ch. 248. 1878, ch, 106.

136. The capital stock of no insurance company, mutual in-
surance companies excepted, incorporated by this State, or incor-
porated by the laws of any other State or nation, and doing busi-
ness in this State, whether life, fire, marine or inland insurance,
shall be less than one hundred thousand dollars; and every insur-
ance company authorized to do business in this State must have
and continually keep an amount equal to its entire re-insurance
reserve, and all other debts and claims against it, exclusive of
capital stock invested in the bonds, coin or treasury notes of the
United States, or bonds or stocks of this or any other State of the
United States, or of any county, incorporated city or other corpo-
ration of this or any other State having legal authority to issue
the same, not only bearing but paying interest, or it may be
invested in real estate for their office or business purpose only;
provided, however, that they shall have the right to purchase and
hold real estate under a foreclosure of their own mortgages for a
period of not more than five years; and for five years longer if,
in the judgment of the insurance commissioner, it is advisable so
to do; or it may be invested in ground rents, or loaned upon
mortgages of unincumbered real estate, in this or any other State
of the United States, worth at least double the amount loaned
thereon, exclusive of buildings, except where such buildings are
insured against fire, and the policies duly assigned as additional