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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 692   View pdf image (33K)
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692 TREASURER. [ART. 94.

dollars, with condition that he will truly and faithfully discharge,
execute and perform all and singular the duties of him required,
and which may be required by the Constitution and laws.

3. Each security on the bond of the Treasurer, shall make
oath that he is bona fide worth, over and above his debts, not
less than some specified sum to be stated in said oath, which oath
shall be endorsed on said bond and recorded therewith.

4. The Governor shall not approve any bond of the Treasurer,
unless the sums so sworn to and endorsed on said bond shall in the
aggregate at least equal the amount of the penalty thereof, and
he shall be satisfied of the availability of such security.

5. The bond of the Treasurer, when duly executed and ap-
proved, shall be recorded in the office of the clerk of the Court
of Appeals, and certified copies, under seal of said court, may be
used in evidence in any court of law in this State.

6. It shall be the duty of the Governor at all times, when in
his opinion the security or securities of any Treasurer have or
are likely to become invalid or insufficient, to demand and re-
quire such Treasurer forthwith to renew his bond to the State
of Maryland, with security or securities to be approved by the
Governor, in the penalty and according to the form prescribed
in this article; and in case of neglect or refusal by any Trea-
surer to give bond with security or securities as aforesaid within
twenty days after the same shall be demanded and required by
the Governor, sueh neglect or refusal shall bo, and it is hereby
declared to be, a disqualification within the meaning of the Con-
stitution ; and the Governor is hereby required to proceed forth-
with to appoint a fit and proper person to fill the vacancy oc-
casioned thereby, according to the provisions of the Constitu-
tion.

7*. The Treasurer of Maryland shall appoint a clerk to assist in
the discharge of his duties, who shall receive an annual salary of
twelve hundred dollars.

8. The Treasurer shall invest the interest accruing on the
sinking fund in the funded debt of this State, as soon after re-
ceiving the same as he can do so advantageously, and carry
such investment to the credit of said fund.

 

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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 692   View pdf image (33K)
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