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710 TREASURER. [ART. XCV
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ARTICLE XCV,
TREASURER.
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19. Agent of, to give bond ; collateral
security.
28. Securities, how to be kept; access
to.
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33-37. Deposit to be received from bank
or trust company ; lien therefor ;
power of sale; sale. Return of
deposit. Debt not created.
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1904, art. 95, sec. 19. 1888, art. 95, sec. 19. 1860, art. 94, sec. 21. 1834, ch. 279,
sec. 3. 1852, ch. 123, sec. 3. 1916, ch. 583.
19. It shall be the duty of the treasurer to require any agent to be
appointed by him to give bond to the State of Maryland with security
or securities to be approved of by the governor in the penal sum of two
hundred thousand dollars, with condition that the said agent shall dili-
gently and faithfully discharge and execute all and singular the duties
required to be performed by him under and pursuant to such arrange-
ment and that he will well and truly disburse, pay out, and account for
all monies that may be placed in his hands or deposited with him for the
payment of the interest on the public debt of this State according to the
terms of such arrangement. It shall be lawful for the State Treasurer
to receive as surety, collateral to the said bond instead of personal cor-
porate security, registered public stock of the United States, of State of
Maryland, of Baltimore City, or bonds of any County or municipal cor-
poration of this state, which shall be approved by the State Treasurer
to the amount, in value, of $200,000.00, which stock must be registered
in the name of the said Treasurer, officially, as held in trust under and
pursuant to this section, and same shall be held in trust by said Treas-
urer to secure the performance of the conditions of the said bond.
1904. art. 95. sec. 28. 1890, ch. 571, sec. 28. 1916, ch. 601.
28. All bonds, certificates of stock and other securities purchased or
obtained by the treasurer for the use of the sinking fund, or trans-
ferred and assigned to or deposited with the treasurer, in trust or other-
wise, by any corporation of this or any other State, or by any individ-
ual, pursuant to any law or laws of this State, and all bonds, certificates
of stock and other securities belonging to the State shall be deposited
and kept in some safe deposit company in the City of Baltimore to be
selected by the Treasurer with the approval of the Board of Public
Works; the Treasurer alone shall not be entitled to have access to the
box, boxes, vault or vaults, where such securities shall be kept, but on
all occasions 'when access to the same is to be had by him he shall be
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