ment as clerk, assistant, or other em-
ployee.35
The treasurer appoints the president of,
an incorporated bank in the City of Bal-
timore as his agent to pay the interest
upon the public debt and so much of
the principal of the public debt as may
mature.36 The treasurer counts, ex-
amines, and records redeemed bonds.37
All bonds, certificates of stock, etc., ob-
tained by the treasurer for the use of
the sinking fund, transferred or deposited
with the treasurer, in trust or otherwise,
by any corporation and all stocks, etc.,
belonging to the State, are to be deposited
and kept in a safe deposit company in
Baltimore which is selected by the treas-
urer with the approval of the Board of
Public Works.38 The treasurer cannot
have access to the deposit alone, but must
be accompanied by the comptroller or his
deputy. With the governor's approval,
the treasurer selects the banks in which
he deposits the moneys of the State.39
MISCELLANEOUS PROVISIONS
The comptroller keeps an account be-
tween the State and the treasurer, who
is charged with the balance in the treas-
ury at the time the account is com-
menced, and all moneys received by him
are credited with all warrants drawn or
paid by him.40 The treasurer, along with
the governor, must approve in writing
before an abatement of a claim can be
made by the comptroller.41
38 md. code ann. art. 95, § 7 (1957,
repl. vol. 1964).
36 md. code ann. art. 95, § 12 (1957,
repl. vol. 1964).
37 md. code ann. art. 95, § 17 (Supp.
1966).
38 md. code ann. art. 95, § 19 (1957,
repl. vol. 1964).
39 md. code ann. art. 95, § 21 (1957,
repl. vol. 1964).
40 md. code ann. art. 19, § 15 (1957,
repl. vol. 1966).
"Mo. code ann. art. 19, § 26 (1957,
repl. vol. 1966).
172
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The treasurer receives payment to the
absentee insurance fund and from time
to time prescribes the rate to be charged
for its insurance fund on the basis of
actuarial experience.42
He holds in trust deposits of securities
or funds by insurers certified to engage
in Maryland insurance business.43
He is the custodian of the several pen-
sion funds.44
He pays the publishers of newspapers
upon warrant of the comptroller in which
the public general laws have been pub-
lished.46
The treasurer is the custodian of the
Subsequent Inquiry Fund.46 He is the
custodian of the Unemployment Insur-
ance Fund;47 of the State Accident
Fund;48 and of the Vocational Rehabili-
tation Fund.49
The treasurer is a member of the fol-
lowing: Board of State Canvassers;60
Governor's Advisory Council;51 (ex of-
ficio) Industrial Development Financing
42 md. code ann. art. 16, § 210 (Supp.
1966).
43 md. code ann. art. 48A, § 108 (Supp.
1966).
44 md. code ann. art. 73B, § 13(3) (1957,
repl. vol. 1967).
45 md. code ann. art. 76, § 3 (1957,
repl. vol. 1965).
46 md. code ann. art. 101, § 66 (1957,
repl. vol. 1964).
47Mo. code ann. art. 95A, § 10 (1957,
repl. vol. 1964).
48 md. code ann. art. 101, § 79 (1957,
repl. vol. 1964) ; md. code ann. art. 101, §
80 (Supp. 1966).
49Mo. code ann. art. 77, § 297 (1957,
repl. vol. 1965).
50 md. code ann. art. 33, § 142 (Supp.
1966).
51 md. code ann. art. 41, § 44 (1957,
repl. vol. 1965).
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