ART. 23.] CORPORATIONS—INSURANCE DEPARTMENT. 339

security, when the value of the buildings so insured—to an

extent not exceeding the amount for which they are insured—
shall be taken into account as a part of the security for such
loan, in determining whether the security is worth double the

amount loaned thereon; or it may be loaned on pledges of any
security named in this section, or on the policies of the company
in force, provided, that each loan is less than the net reserve of
the policy on which the loan is made, according to the standard
of valuation prescribed in this article; and provided, that the

current market value of such pledged securities, other than the
bonds and stocks of this State, or of the United States, shall be at
all times during the continuance of such loans, at least ten per
cent. more than the sum loaned on them; and all such loans
shall be subject to the power of the company to terminate the
same in case ol the depreciation of the securities below that
limit; and provided, that in all investments made upon mortgage
securities, the evidence of the debt shall accompany the mortgage
or deed of trust; and the insurance commissioner shall have the
authority, when any of the securities mentioned in this section
and held by any insurance company reporting to him, are of

doubtful market value, or without any ascertainable value in the
exchanges, to cause the same to be appraised by two disinterested
and competent persons, whose estimate of the value of such
securities shall be taken to be the value thereof, unless the com-
pany, by placing some of them upon the market, and obtaining a
bona fide offer therefor, shall so establish for them a different
value.

P. G. L., (1860,) art. 56, sec. 35. 1858, ch 432, sec 8. 1872, ch. 888. 1874, ch.
400. 1876, ch. 248. 1878, ch. 106.

137. Whenever the attorney general of the State or the State's
attorney for the city of Baltimore or for any county of this State
shall be required by the insurance commissioner to institute pro-
ceedings against any insurance company, incorporated under the
laws of this State, to ascertain whether such corporation has been
guilty of such misuse, abuse or non-user of its corporate powers
and franchises, as by law would authorize and make proper the
forfeiture of its charter, corporate powers and franchises, the said
attorney general, or State's attorney, as the case may be, so re-
quired, shall file with the superior court of Baltimore city, or the