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Maryland Manual, 1963-64
Volume 171, Page 591   View pdf image (33K)
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[Art. 6, Sec. 3] MARYLAND MANUAL 591

ceivers of taxes and State revenue; preserve all public ac-
counts ; and decide on the forms of keeping and stating ac-
counts. He, or such of his deputies as may be authorized
to do so by the Legislature, shall grant, under regulations
prescribed by Law, all warrants for money to be paid out
of the Treasury, in pursuance of appropriations by law,
and countersign all checks drawn by the Treasurer upon
any bank or banks in which the moneys of the State, may,
from time to time, be deposited. He shall prescribe the
formalities of the transfer of stock, or other evidence of
the State debt, and countersign the same, without which
such evidence shall not be valid; he shall make to the Gen-
eral Assembly full reports of all his proceedings, and of
the state of the Treasury Department within ten days after
the commencement of each session; and perform such other
duties as shall be prescribed by law.^

SEC. 3. The Treasurer shall receive the moneys of the
State, and, until otherwise prescribed by law, deposit them,
as soon as received, to the credit of the State, in such bank
or banks as he may, from time to time, with the approval
of the Governor, select (the said bank or banks giving
security, satisfactory to the Governor, for the safekeeping
and forthcoming, when required of said deposits), and he
or such of his deputies as may be authorized to 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 authorized deputy, and on
checks countersigned by the Comptroller, or his duly author-
ized deputy, and not otherwise. The Treasurer or such of
his deputies as may be authorized to do so by the Legisla-
ture shall take receipts for all moneys paid from the Treas-
ury Department; and receipt for moneys received by him
shall be endorsed upon warrants signed by the Comptroller,
or such deputy as may be authorized to do so by law, with-
out which warrants, so signed, no acknowledgement of
money received into the Treasury shall be valid; and upon
warrants issued by the Comptroller, or his duly authorized
deputy, the Treasurer shall make arrangements for the
payment 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 or Chief Deputy Treasurer,
and countersigned by the Comptroller, or Chief Deputy
Comptroller; and no new certificate or other evidence in-
tended to replace another shall be issued until the old one
shall be delivered to the Treasurer, and authority executed

i Thus amended by Chapter 183, Acts of 1929, ratified November 4, 1930,

 

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Maryland Manual, 1963-64
Volume 171, Page 591   View pdf image (33K)
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