Chap. 405.—An ACT for the relief of the Orient company, of Hartford, Con-
necticut.

Approved February 20, 1896.

Whereas the Orient insurance company, of Hartford, Connecticut,
a foreign insurance company doing business in this state, has on
deposit with the state treasurer bonds amounting to fifty thousand dol-
lars, as required by section twelve hundred and seventy-one of the
code of Virginia; and

Whereas the said Orient insurance company has reduced its capi-
tal stock from one million dollars to five hundred thousand dol-
lars, and should therefore only be required to deposit twenty-five
thousand dollars in bonds with the state treasurer: therefore,

1. Be it enacted by the general assembly of Virginia, That upon
satisfactory evidence to the state treasurer that the said Orient
insurance company has reduced its capital stock as aforesaid, the
treasurer shall allow the said company to withdraw such part of its
deposit as will leave in the hands of the treasurér bonds amounting
to not less than five per centum on its present capital stock of the
five hundred thousand dollars, as now required by section twelve
hundred and seventy-one of the code of Virginia: provided, how-
ever, that the treasurer shall take care that the bonds retained in his
possession shall be equal in value to the liabilities of said company
upon its policies to persons residing in this state, both fixed aud
contingent.
2. This act shall be in force from its passage.