280 MARYLAND MANUAL.
a longer period than five days and the amount due from each
employer, and it shall then be the duty of the Attorney-Gen-
eral forthwith to bring or cause to be brought against each
employer a civil action in the proper court for the collection
of such amount so due, and the same when collected, shall be
paid into the State Accident Fund, and each employer's com-
pliance with the provisions of this chapter requiring payments
to be made to the State Accident Fund shall date from the
time of the payment of said money so collected as aforesaid
to the said Commission for credit to the State Accident Fund.
SEC. 23. Ten per centum of the premiums collected from
employers insured in the State Accident Fund shall be set
aside by the Commission for the creation of a surplus until
such surplus shall amount to the sum of fifty thousand dol-
lars, and thereafter five per centum of such premiums until
such time as in the judgment of said Commission such sur-
plus shall be sufficiently large to cover the catastrophe hazard.
The Commission shall also set up and maintain a reserve ade-
quate to meet anticipated, losses and carry all claims and poli-
cies to maturity.
SEC. 24. The Treasurer of the State shall be the custodian
of the State Accident Fund and all disbursements therefrom
shall be paid by him upon order or voucher, approved and
signed by the chairman or acting chairman and secretary of
the Commission, and directed to the Comptroller of the State,
who shall draw his warrant therefor. It shall be the duty of
the Treasurer to keep and maintain the fund herein created.
separate and distinct from. other State funds. On and after
January 1st, 1915, the obligation in the bond of the State
Treasurer shall contain a provision securing the protection of
this fund.
SEC. 25. Whenever and as often as there shall be in the
hands of the Treasurer any sum belonging to the State Acci-
dent Fund. not likely, in the opinion of the Commission, to
be required for immediate use, it shall be the duty of the
Board of Public Works, when called upon by the Commis-
sion, to invest the same in interest-bearing securities, such as
are accepted by the equity courts of Baltimore City for the
investment of trust funds, and when and as it may become
necessary or expedient to use the moneys so loaned or invested
the Board of Public Works shall, when called upon by the
Commission, collect or sell or otherwise realize upon any such
loan or investment, and any interest accruing upon any such
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