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Constitutional Revision Study Documents of the Constitutional Convention Commission, 1968
Volume 138, Page 996   View pdf image (33K)
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CONSTITUTIONAL REVISION STUDY DOCUMENTS

[STATE FINANCES]

COMPARISON

Headnotes

Present
Constitution

Constitution of
1867

Constitution of
1864

Constitution of
1851

Constitution of
1776

Amendments to
1776 Constitution

 

 

do so by the Legislature
shall disburse the same for
the purposes of the State
according to Law, upon
warrants drawn by the
Comptroller or his duly au-
thorized deputy, and on
checks countersigned by the
Comptroller, or his duly au-
thorized deputy, and not
otherwise. The Treasurer or
such of his deputies as may
be authorized to do so by
the Legislature shall take re-
ceipts for all moneys paid
from the Treasury Depart-
ment; and receipt for mon-
eys received by him shall be
endorsed upon warrants
signed, by the Comptroller,
or such deputy as may be
authorized to do so by Law,
without which warrants, so
signed, no acknowledgment
of money received into the
Treasury shall be valid; and
upon warrants issued by the
Comptroller, or his duly au-
thorized deputy, the Treas-
urer shall make arrange-
ments for the payment of
the interest of the public
debt, and for the purchase
thereof, on account of the
sinking fund. Every bond,
certificate, or other evidence
of the debt of the State shall
be signed by the Treasurer,
Chief Deputy Treasurer, or
a Deputy Treasurer, and
countersigned by the Comp-
troller, Chief Deputy Comp-
troller, or a Deputy Comp-
troller; and no new certifi-
cate or other evidence
intended to replace another
shall be issued until the old
one shall be delivered to the
Treasurer, and authority ex-
ecuted in due form for the
transfer of the same filed in
his office, and the transfer
accordingly made on the
books thereof, and the cer-
tificate or other evidence

according to Law, upon
warrants drawn by the
Comptroller, and on checks,
countersigned by him, and
not otherwise; he shall take
receipts for all moneys paid
by him; and receipts for
moneys received by him
shall be endorsed upon war-
rants, signed by the Comp-
troller; without which war-
rants, so signed, no acknowl-
edgment of money received
into the Treasury shall be
valid; and upon warrants,
issued by the Comptroller,
he shall make arrangements
for the payment of the in-
terest of the Public Debt,
and for the purchase there-
of on account of the Sinking
Fund. Every Bond, Certifi-
cate, or other evidence of
the debt of the State, shall
be signed by the Treasurer,
and countersigned by the
Comptroller; and no new
Certificate, or other Evi-
dence intended to replace
another, shall be issued until
the old one shall be deliv-
ered to the Treasurer, and
authority executed in due
form for the transfer of the
same filed in his office, and
the transfer accordingly
made on the books thereof,
and the certificate or other
evidence cancelled; but the
Legislature may make pro-
visions for the loss of certifi-
cates-, or other evidences of
the debt; and may prescribe
by Law, the manner in
which the Treasurer shall
receive and keep, the mon-
eys of the State.

Comptroller, he shall make
arrangements for the pay-
ment of the interest of the
public debt, and for the pur-
chase thereof, on account of
the sinking fund. Every
bond certificate or other
evidence of the debt of the
State shall be signed by the
Treasurer and counter-
signed by the Comptroller,
and no new certificate or
other evidence intended to
replace another shall be is-
sued until the old one shall
be delivered to the Treas-
urer, and authority executed
in due form for the transfer
of the same shall be filed
in his office, and the trans-
fer accordingly made on the
books thereof, and the cer-
tificate or other evidence
cancelled; but the General
Assembly may make provi-
sion for the loss of certifi-
cates or other evidence of
the debt.

 

Comptroller he shall make
arrangements for the pay-
ment of the interest of the
public debt, and for the pur-
chase thereof, on account oi
the sinking fund. Every
bond, certificate, or other
evidence of the debt of the
State, shall be signed by the
Treasurer and counter-
signed by the Comptroller,
and no new certificate or
other evidence intended to
replace another shall be is-
sued until the old one shall
be delivered to the Treas-
urer, and authority executed
in due form for the transfer
of the same shall be filed
in his office, and the trans-
fer accordingly made on the
books thereof, and the cer-
tificate or other evidence
cancelled; but the Legisla-
ture may make provision for
the loss of certificates or
other evidence of the debt.

 

 

 

 

996

 

 

 

 

 

 

 

 

 

 

997

 

 

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Constitutional Revision Study Documents of the Constitutional Convention Commission, 1968
Volume 138, Page 996   View pdf image (33K)
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