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Session Laws, 1839
Volume 600, Page 374   View pdf image
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INDEX TO THE PUBLIC LAWS.

Chap.

Sec.

FOREIGN

CORPORATIONS— Any person who shall
act as agent &c. within this State for any in-

dividuals, &c not incorporated by this State,

to make insurance, &c. shall pay to the trea-

surer Western Shore two dollars per cen-

tum upon the amount of all premiums re-
ceived by such agents, &c. such agents to

furnish annually on 1st Monday of January

on his affidavit, &c. a true list of all such

premiums to the treasurer aforesaid, and at

the same time pay over to said treasurer

the said sum of two dollars, &c.

24

1

Bond to be given by said agents before

acting with securities to be aproved by trea-

surer, &c. to render a true list of said pre-

miums, &c. and any agent offending against
the provisions of this section, to forfeit

$500 for every offence, &c. such agent, &c.

notwithstanding such forfeiture and payment

to be personally liable for the payment of

said sum of two dollars, &c.

The principals of such agents, &c and

their property, also responsible for pay-

ment of said tax,

Foreign corporations such as do not de-

rive their charter from the State, but from

some other one of the United States, &c.

"

3

Corporations as aforesaid which may in-

vest to the amount of $75, 000 in any of

the loans of this State, &c. upon having

the same certified by commissioner of

loans, &c. shall be permitted to make con-

tracts of insurance, £c. without making

the payments provided for in the 1st sec-

tion,

4

Before making contracts of insurance &c.

agents to give bond, #c. to be approved
by any judge, &c. for the continuance of

said investment, &c and for the payment

of all losses, &c. creditor to have right of

action on such bond, as if separate bond

were given for each creditor, &c.

"

5

The giving such bond not to prevent a

creditor from pursuing any remedy he may

have had if no such bond had been given;

such bond to be recorded by the clerk of



 
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Session Laws, 1839
Volume 600, Page 374   View pdf image
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