1140 LAWS OF MARYLAND. [CH. 402

ment, custody and charge of real or personal estate or property,
and to advance money, securities and credits upon any
property, real, personal or mixed, on such terms and with
all such powers of sale and other disposition thereof as shall
be established by the charter or by-laws of such corporation;
provided that the corporate title of any company having among
its other purposes those enumerated in this section, shall des-
ignate the same as a security, as well as an insurance company,
and provided further, that no company incorporated for the
purpose of insuring the lives of persons may include in its
certificate of incorporation any other class of business than the
insurance of persons against disability from accident or sickness,
and any insurance appertaining to life insurance, including
endowments, and the grant, purchase or disposition of annuities.

SEC. 18. Capital Stock. The capital stock of any insurance
company incorporated under the laws of this state, except
companies writing fidelity or surety bonds, or liability, work-
men's compensation or any class of casualty insurance, shall
not exceed the sum of two millions of dollars, and, with the ex-
ception of mutual insurance companies, and industrial life in-
surance companies falling within the class of companies em-
braced within the provisions of sections 95, 96 and 97, shall not
be less than one hundred thousand dollars, or in the case of
companies writing fidelity or surety bonds, or liability and work-
men ?s compensation insurance, shall not be less than two hun-
dred and fifty thousand dollars.

SEC. 19. Cancellation and Re-issue of Capital Slock. It
shall be lawful for the stockholders of any insurance company,
in general meeting assembled, from time to time, to provide for
calling in and cancelling the whole or any part of the capital
stock and issuing other stock instead thereof at such par value
as they may decide on, to an amount not exceeding the true
value of such stock, in such manner as to provide such con-
tingent fund or surplus not represented by stock as they may
decide to be necessary; provided, that notice of every such
meeting of stockholders shall be given in the manner required
by sections 15 and 16 of Article 23, and the proceedings there-
after shall be similar to those prescribed in sections 26 and.28
(both inclusive) of said Article 23.

SEC. 20. Deposit of Securities h-j Domestic Companies.
Every domestic company writing life, health, accident, liability.