680 CORPORATIONS. [ART. 23

amount of liability for unearned portion thereof estimated at
the rate of fifty per centum of the current annual premiums on
each such bond, undertaking, recognizances and obligations in
force, stating also the amount of its outstanding obligations of
all kinds, and such further facts as may be by the laws of this
State required of such company in transacting business therein;
and if such company be organized under the laws of any other
State than this State, it must have on deposit with a State
officer of one of the States of the United States, not less than
$100,000 in good securities, deposited with and held by such
officer for the benefit of the holders of its obligations; must
also appoint an attorney in this State upon whom process of
law can be served, which appointment shall continue until
revoked, or another attorney substituted, and must file with the
State tax commissioner evidence of such appointment, which
shall state the residence and office of such attorney.

1898, ch. 302, sec. 244 o.

341. The State tax commissioner upon due proof by any
such company of its possessing the qualification in section 340
specified shall issue to such company a certificate setting forth
that such company has qualified and is authorized for the ensu-
ing year to do business under section 339, which said certificate
shall be evidence of such qualification of such company and of
its authorization to become and be accepted as sole surety on
all bonds, undertakings, recognizances, obligations required or
permitted by law, or in the charter, ordinances, rules or regula-
tions of any municipality, board, body, organization or public
officer, and the solvency and credit of such company for all
purposes and its sufficiency as such surety.

1892, ch. 279.

342. No corporation, which under the laws of this State,
shall act as trustee, executor, administrator, guardian, com-
mittee or receiver, or in any one or more of those capacities
without bond or security other than its own obligation, in
any case in which bond would be required from a natural
person in the like or similar capacity, shall incur the liability
of a surety upon any bond of any sort or description, and all
acts and ports of acts whether general or special inconsistent
herewith are hereby repealed...