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Proceedings of the Senate, 1900
Volume 96, Page 78   View pdf image (33K)
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78 JOURNAL OF PROCEEDINGS [Jan. 17

Which was read the first time, and referred to the
Committee on Corporations.

JOINT RESOLUTION.
By Mr. Crothers.
Joint resolution authorizing the destruction of so many
of the bonds or certificates of indebtedness of the State
of Maryland, consisting of the Maryland Defense Re-
demption loan, issued under chapter 289 of the Acts of
188 2, of the exchange loan of 1886, issued under chapter
449, of 1886, of the exchange loan of 1889, issued under
chapter 201, of 1888, and of the exchange loan of 1891,
issued under chapter 305, of 1890, as were exchanged on
the first day of January, 1899, for a like amount, of
"The Consolidated Loan of 1899," as per chapter 219, of
the Acts of 1898.
Whereas,Thè Board of Public Works,by virtue of author-
ity contained in chapter 219, of the Acts of the General
Assembly of 1898, providing for the refunding and exten-
sion of certain debts of the State, did, on the 1st day of
January, 1899, exchange $4,501,926.13 of the "Consoli-
dated loan of 1899," for a like amount of the debt of the
State, to-wit: $1,143,317 of the Maryland Defense Re-
demption loan, $791,879.70 of the exchange loan of
1886, $2,514,200 of the exchange loan of 1889, and
$52,529.43 of the exchange loan of 1891, aggregating
$4,501,926.13, which cancelled bonds or certificates of in-
debtedness are now in the custody of the State Treas-
urer, and it is eminently right and proper that said bonds
or certificates of indebtedness should be destroyed and
his responsibility tlierefor cease.
Therefore, be it resolved by the General Assembly of
Maryland, That the Treasurer of the State be, and he is
hereby, authorized to destroy the bonds or certificates of
indebtedness as aforesaid, viz:
Maryland Defense Redemption Loan,
amounting to . . . $1,134,317 00
Exchange Loan of 1886, amounting to . 791,879 70
Exchange Loan of 1899, amounting to . 2,514,200 00
Exchange Loan of 1891, amounting to . 52,529 43
Aggregating, . . .$4,501,926 13


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Proceedings of the Senate, 1900
Volume 96, Page 78   View pdf image (33K)
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