ALBERT C. RITCHIE, GOVERNOR. 1153

sections 44, 45 and 46 of this article shall be guilty of a mis-
demeanor, and upon conviction thereof the offender or offenders
shall be sentenced to pay a fine of not less than two hundred
dollars or more than five hundred dollars for each and every
violation of either of said sections. Any agent or solicitor of
any insurance company, or any insurance broker, shall, upon
being convicted of a second offense under said sections, be dis-
qualified from acting as an insurance agent, solicitor or broker,
for the period of one year thereafter; and it shall be the duty
of the insurance commissioner, upon being satisfied that any
insurance company, or agent thereof, has violated .any of the
provisions of said sections 44, 45 and 46, to report the same
to the state's attorney for the county or city in which such
offense may have been committed.

SEC. 48. Consolidation of Companies. Any two corpor-
tions, one of which is created and existing under the laws of
this state, and one of which is created and existing under the
laws of any other state or territory of the United States, and
each of which is organized for the purpose of undertaking
the following classes of insurance: (1) Accident and health
insurance; (2) insurance against loss or damage by reason of
injuries to employee, or other persons, for which the insured
is liable, and loss or damage to property caused by horses or
vehicles for which the insured is liable; (3) fidelity and surety
insurance and bonding; (4) burglary and theft insurance;
(5) plate glass insurance; (6) steam boiler, flywheel and
machinery insurance, including the liability of the insured for
damage to persons or property of others; (7) loss or damage
to automobiles (except by fire or when being transported in
any conveyance by land or water) and legal liability for
damage to property caused thereby; (8) sprinkler leakage
insurance; or any two or more of said classes of insurance
may merge or consolidate such corporations into one corpora-
tion in the name of one or more corporations. The cor-
porations may enter into and make an agreement for such mer-
ger or consolidation under their respective corporate seals, pre-
scribing its terms and conditions, the amount of its capital,
which shall not exceed in amount the aggregate amount of cap-
ital of the merged or consolidated corporations, and the number
of shares into which it is to be divided. Such agreement must
be assented to by a vote of the majority of the number of
directors of each corporation prescribed in its charter, and
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