LAWS OF MARYLAND.— 1834.

1181

missioner shall transfer said credits on said books, from time to
time as shall be requisite, and sign every certificate that shall
be hereafter issued of the stock of this state, each of which
certificates shall be countersigned by the cashier of said bank,
before the same shall be issued : he shall also receive, cancel,
and keep all certificates of the stock of this state, that shall be

Of transfers

transferred ; and sign, register and issue in lieu thereof, a certi-
ficate for the same, or certificates for an equal amount, to the
transferee or transferees of such stock ; and he shall set forth
in each certificate of the stock of this state which he shall

Of certi-
ficates.

issue, its amount, as well in the currency of Great Britain, or
Holland, or France, at their par or standard value, as in dollars
and cents, when thereto requested by the proprietor thereof;

Specifying,
&c.

and he shall pay at said bank, the interest on the stock of this
state, as the same shall become due, and take receipts therefor,
and he shall draw upon the said treasurer for, and the said trea-
surer is hereby authorized to pay to his order, such sums of
money as will be sufficient to pay said interest as the same

Pay in-
terest, &o.

shall become due ; and annually, or oftener, if required, trans-
mit to said treasurer, an account shewing the amount of stock
created by this state, and credited on said books ; also the
amount of interest paid, and interest unclaimed for more than
one year after the same became due, and to whom credited ;

Report
required.

and whose further duty it shall be, to negociate or contract for
such loans as may be hereafter created by this state, as and
when he shall be thereto required by law: and it is hereby-
provided, that in any agreement which the executive may
make with any bank for the purposes aforesaid, it shall be
stipulated, that for all the expenses incident to the discharge of
the duties hereby and thereunder charged on said commissioner,

Negotiate
loans.

such bank or any of its officers, no compensation whatever shall
be allowed by this state, except such as are herein before pro-
vided ; and except to be reimbursed, the actual cost of the
books, stationery, and printing expenses that shall be found
necessary in the performance of the duties herein assigned to
the commissioners of loans.

Proviso —
no compen-
Ration.

Except for
books, &c.

SEC. 2. And be it enacted, That it shall be deemed and taken
to be felony, to forge or counterfeit any certificate of the stock
of this state heretofore authorized, or that may be hereafter
created, or any letter of attorney for the transfer thereof, or to
create with the fraudulent intent of putting into circulation any

Forging
certificates,
felony.

other than a certificate, boria fide authorized ; and any person
so offending, shall be liable to the same penalties and forfeitures
as are at present attached to the forging or counterfeiting bank
notes in this state.

Penalty.

SEC. 3. And be it enacted. That the commissioner of loans
who may be appointed under and by virtue of this act, shall

Bond re-
quired.