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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 695   View pdf image (33K)
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ART. 94.] TREASURER. 695

shall make, to pay the interest upon the public debt; the interest
on such portion thereof as consists of the currency stock, to be
& paid at the bank of which the said agent is president; the said
agent shall take receipts for all such payments, and his accounts
shall at all times be subject to inspection by the Treasurer,
and copies thereof shall be furnished whenever required by
the Treasurer, Comptroller or either House of the General
Assembly.

20. In any arrangement the Treasurer may make with the
said president, for the purpose aforesaid, it shall be stipulated
that for any or all the duties to be performed, the said agent
shall receive no compensation whatever, nor shall he be reim-
bursed for any expenses whatever, that may be incurred in the
performance of said duties, except the actual cost of the neces-
sary books, stationery and printing-expenses.

21. It shall be, the duty of the Treasurer to require of any
agent to be appointed by him, to give bond to the State of Mary-
land, with security or securities to be approved of by the Gover-
nor, in the penal sum of two hundred thousand dollars, with con-
dition that the said agent shall diligently and faithfully discharge
and execute all and singular the duties required to be performed
by him under and pursuant to such arrangement, and that he
will well and truly disburse, pay out, and account for all moneys
that may be placed in his hands, or deposited with him for the
payment of the interest on the public debt of this State, accord-
ing to the terms of such arrangement.

22. Bach security on said bond shall make oath that he is
bona fide worth over and above his debts, not less than some
specific sum to be stated in said oath, which said oath shall be
endorsed on said bond, and recorded therewith; and the Gover-
nor shall not approve any bond of the said agent, unless the sum
or sums so sworn to shall, in the aggregate, at least equal the
amount of the penalty thereof, and shall be satisfied of the
availability of such security.

23. The bond of the said agent, when duly executed and
approved as hereinbefore provided, shall be recorded in the office
of the clerk of the Court of Appeals, and certified copies thereof,
under the seal of the said court, may be used in evidence in any
court of law in this State.

 

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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 695   View pdf image (33K)
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