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Session Laws, 1927
Volume 569, Page 917   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 917

SEC. 4. And be it further enacted as aforesaid, That the cap-
ital stock of said corporation shall be ten thousand dollars, di-
vided into ten thousand shares of the par value of one dollar a
share. Said corporation shall not issue any certificates or con-
tracts of insurance until the full amount of the authorized cap-
ital stock shall have been subscribed and paid for in cash, at not
less than par, and shall have been invested in securities ap-
proved by the State Insurance Commissioner and actually de-
posited with said Commissioner for the protection of the policy
holders of said Company. No policy or certificate shall be is-
sued for more than one thousand dollars ($1, 000) death benefits.

SEC. 2. And be it further enacted. That two amendments
made, and adopted by the Stockholders and Directors of the Cor-
poration to the Charter of said Corporation under the provisions
of the 'Code of Public General Laws of Maryland, one to change
the name of the said Corporation from the Imperial Life In-
surance Company of Baltimore to the name of Fidelity Life In-
surance Company of America, and one to increase the capital
stock of the said Corporation from 10, 000 shares of the par value
of one dollar each to 12, 000 shares of the par value of one dol-
lar each, be and the same are Hereby ratified and sanctioned.

Approved April 5, 1927.

CHAPTER 478.

AN ACT to repeal and re-enact with amendments Section 2
of Article 38 of the Annotated Code of Maryland, title
"Fines and Forfeitures, " so as to prohibit the payment of
informers fees.

(Vetoed. )

CHAPTER 479.

AN ACT to authorize and empower the Mayor and City
Council of Cumberland to provide for the establishment of
an area within, or partly within and partly without, the
limits of the City of Cumberland, to be known as the Will's
Creek Flood District, to adopt and put into effect a plan to
prevent or lessen the danger from floods from Will's Creek

 

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Session Laws, 1927
Volume 569, Page 917   View pdf image (33K)
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