CHAP. 131.—An ACT to remove the political disabilities of A. H.
Christian, junior, Frank Lee, R. H. Lee, W, E. Owen, James
E. Andrews, and H. W. Booker.

Approved February 28, 1890.

1. Be it enacted by the general assembly of Virginia
(two-thirds of both houses concurring), That the disabili-
ties of A. H. Christian, junior, Frank Lee, R. H. Lee, W.
E. Owen, James E. Andrews, and H. W. Booker incurred
under clause three of section one of article three of the
constitution of Virginia, with reference to duelling, be,
and the same are hereby, removed.

2. This act shall be in force from its passage.

CHAP. 182 —An ACT to amend and re-enact section 1271 of the
code of 1887, in relation to securities to be deposited with the
treasurer by foreign and home insurance companies.

Approved February 28, 1890.

1. Be it enacted by the general assembly of Virginia,
That section twelve hundred and seventy-one of the code,
in relation to securities to be deposited with the treasurer
by foreign insurance companies, be amended and re-
enacted so as to read as follows:
81271. Securities to be deposited with the treasurer.—
nvery such company shall, by an agent employed to super-
ntend or manage the business in this state, deliver under
ath to the treasurer of this state a statement of the
mount of capital stock of said company, and deposit
vith him bonds of the state of Virginia or of the United
states, or bonds of the cities of Richmond, Petersburg,
uynchburg, Norfolk, Alexandria, Danville, Portsmouth,
Vinchester, or Staunton, to an amount equal to five per
entum on the said capital stock, and the treasurer shall
hereupon give the agent a receipt for the same: provided,
hat the cash value of the securities so deposited need not
be more than fifty thousand dollars, nor shall it be less
than ten thousand dollars, and no single bond so deposited
shall exceed in amount the sum of ten thousand dollars.
And upon the face value of such deposits the treasurer of the
commonwealth shall be authorized to make an annual assess-
ment of one-twentieth of one per centum, to be by him collected
of the yeneral agent of such company for the state of Virginia ;
or, if there be no such general agent, then of any local agent
dying business for said company in the state, to defray the er-
penses of his office, in the safe-keeping and handling of such
sccurities ; and after the payment of said expenses, whatever
remains shall be retained asa compensation to himself for his
care aud labor in connection with said securities, a detailed
statement of which shall be furnished by him to each session of
the qenvral assembly. The treasurer shall collect for the year
eighteen hundred and ninety in July, eighteen hundred and
mnety, and annually thereafter in the month of July. If the
bonds so deposited be registered bonds, the company shal]
at the same time deliver to the treasurer a power of attor-
nev authorizing him to transfer said bonds, or any part
thereof, for the purpose of paying any of the liabilities
provided for in this chapter. Upon the exhibition of the
sald receipt to a commissioner of the revenue of the
county, district, or city in which an office of the said
company in this state is or is intended to be located, and
the payment of the specific license tax which may he
imposed thereon, a license shall be issued in the man-
her prescribed by law to said company to carry on its
business; and if at the end of the period for which a
license is given the said company desire another license,
it shall only be given on the certificate of the treasurer
that the bonds required by this section to be deposited
with him are in his possession. -The treasurer shall re-
quire any such company to make good any depreciation
or reduction in value of the said securities; and he shall
in the month of December in every year examine all
securities so deposited with him for the purpose of ascer-
taming whether any of them have depreciated or been
ACTS OF ASSEMBLY.

reduced in value. Any insurance company incorporated
by this state making a deposit of bonds with the treasurer,
shall be required to pay the assessment required by this
act.

2. This act shall be in force from its passage.