154

LAWS OF MARYLAND.

What re-
port shall

such payments respectively ; the cost, par value, and esti-

state

mated market value of all stock investments, designating

each particular kind of stock ; the amount loaned upon the

pledge of securities of whatsoever kind, with a statement of

the securities so pledged and held as collateral for such

loans ; the amount invested in real estate, giving the cost

of the same ; the amount of cash on hand and on deposit in

bank, or wheresoever else, with the name of such banks, or

places of deposit, and the amount deposited in each, and

such other information as the said treasurer may require,

such report shall also state all the liabilities of such corpor-

ation ; the amount due depositors, which shall include any

dividend to be credited to them and any other debts or

claims against such corporation which are or may be a charge

upon its assets. And the said treasurer may require that a

like report, either wholly or in part, as to the particulars

aforesaid be made to him at any other time by any such

corporation aforesaid within such period as he may designate.

85 B. It shall be the duty of said treasurer, yearly,

Treasurer

either personally or by some competent person or persons,

to examine
such

to be appointed by him, to visit and examine every such

companies,

corporation having an office or place of business in this

State required by this act to report as aforesaid. The said

treasurer and every such examiner shall have power to ad-

minster an oath to any person whose testimony may be re-

quired in the prosecution of any such examination ; and all

books and papers which it may be deemed necessary to

examine by the treasurer or examiner by him appointed

shall be produced. The expenses of every such examination,

not to exceed twenty-five dollars, shall be paid by the cor-

poration so examined. Whenever such examination shall

be made by the treasurer personally, or by one or more of

the regular clerks in his office, no charge shall be made for

such examination, but only for necessary travelling and

other actual expenses incurred by such examination.

85 C. On every such examination, inquiry shall be made

as to the condition and resources of the corporation gen-

Inquiry to
be made in

erally, the mode of conducting and managing its affairs,

such ex-
amination.

the action of its officers, directors, managers, and those

having charge of its business conduct, the investments of

its funds, the safety and prudence of its management, the

security afforded to those by whom its engagements are

held and whether the requirements of its charter and of the

law have been complied with in the administration of

its affairs.

85 D. If it shall appear to the said treasurer from any

such examination, as is hereinbefore provided for, that any