ACT. 23. ] CORPORATIONS.. 65

institute proceedings to enjoin and restrain such corporation
if it be organized under the laws of this State from transacting
any business, and if it be organized under the laws of any
other State or of a foreign country from transacting business
in this State, and the court before which such proceedings shall
be begun shall be authorized to pass such order or decree and
to issue such process in the premises to enforce the compli-
ance of such corporation with the provisions of this article, or
to restrain the transaction of business by such corporation in
this State as it may deem proper. For each and every day that
such corporation attempts to transact business in this State
without having complied with the requirements of Section 98 of
this Article, it shall forfeit to the State of Maryland the sum of
one hundred dollars, said sum to be collected as any other debt
by an action of debt in the name of the State. Nothing in this
section shall apply to national banks.
Approved April 8, 1908.

CHAPTER 553.

AN ACT to add a new section to Article 23 of the Code of
Public General Laws of Maryland of 1904, entitled "Corpora-
tions, " sub-title "Insurance Department, " to come immedi-
ately after Section 159, and to be designated as Section 159A.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That a new section be added to Article 23 of the Code of
Public General Laws of Maryland of 1904, entitled "Corpora-
tions, " sub-title "Insurance Department, " to come immediately
after Section 159, and to be designated as Section 1S9A, provid-
ing for the appointment of an examiner in the State Insurance
Department:

SEC. 159A. The Insurance Commissioner is also authorized
to employ an examiner for the Insurance Department at an
annual compensation not exceeding fifteen hundred ($1, 500. 00)
dollars, which shall be paid out of the fees of said Insurance
Department. And it shall be the duty of said examiner so
appointed to thoroughly inspect and examine, under the direc-
tion of the Insurance Commissioner, the affairs of every insur-
ance company organized under the laws of this, or any other
State, and carrying on business in this State, especially as to
the financial condition of such insurance companies and their
ability to fulfill their obligations, in order that the Insurance
Commissioner may ascertain and determine whether or not
they have complied with the laws of this State.

Approved April 15, 1908.