572 CORPORATIONS. [ART. 23

benefit of all the holders of policies or guarantees of said cor-
poration, as above set forth, and a certificate thereof under the
hand and official seal of said proper officer shall have been
filed with said treasurer; and all other corporations mentioned
in section 94, not transacting as part of their business the
security or guarantee business shall, within six months from
the 2d of April, 1896, and from time to time thereafter, if need
be, transfer and assign to the said treasurer, registered public
stock of the United States, or of the State of Maryland, or of
Baltimore city, or the bonds of any county or municipal corpo-
ration of this State which shall be approved by said treasurer
to the amount in value of fifteen per centum of the paid-up
capital stock of such corporation, and said amount shall be at
all times maintained by said corporation, so that the amount
of such stock in the hands of said treasurer shall at all times
be equivalent, at its par value, to fifteen per centum of the
paid-up capital stock of such corporation, but not less in any
case than thirty thousand dollars; which stocks must be regis-
tered in the name of the said treasurer, officially, as held in
trust under and pursuant to this section, and the same shall
be held by the said treasurer in trust as security for the deposi-
tors with, or creditors of said corporation; and all of the said
stocks so held in trust by the said treasurer and deposited by
any of the corporations above named, either transacting the
security or any other class of business, shall be held by said
treasurer subject to sale and transfer, and to the application of
the proceeds of such sale by the said treasurer only on the
order of any court of competent jurisdiction, and until the
order of such court authorizing such sale or transfer, or other-
wise to the contrary, said treasurer shall pay over to such
corporation the interest which may be received on the said
securities, or he may authorize the said corporation to collect
and receive the same for its own benefit. Should any such
corporation at any time have deposited with said treasurer
more than the amount hereby required, such excess may be
refunded.

1892, ch. 109, sec. 85 F.

99. In case any such corporation, now or hereafter doing
business in this State, not chartered under the authority of
this State, shall refuse or neglect to make the deposit herein-
before provided, the fact shall be reported by the said treasurer
to the attorney-general, who shall thereupon, without delay,
institute such proceedings as may be necessary to enjoin and