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1929 Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 376, Page 9   View pdf image (33K)
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TREASURY DEPARTMENT. 9
ARTICLE VI.

TREASURY DEPARTMENT.

Sec. 2. The Comptroller shall have the general superintendence of the
fiscal affairs of the State; he shall digest and prepare plans for the im-
provement and management of the revenue, and for the support of the
public credit; prepare and report estimates of the revenue and expenditures
of the State; superintend and enforce the prompt collection of all taxes and
revenue; adjust and settle, on terms prescribed by law, with delinquent
collectors and receivers of taxes and State revenue; preserve all public
accounts; and decide on the forms of keeping and stating accounts. 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 General 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.

See footnote on page 10.

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 authorized deputy, and not otherwise. The
Treasurer or such of his deputies as may be authorized to do so by the
Legislature shall take receipts for all moneys paid from the Treasury
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, without which warrants, so signed, no acknowl-
edgment 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 purchase 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", and countersigned by the Comptroller;
and no new certificate or other evidence intended to replace another shall
be issued until the old one shall be delivered to the Treasurer, and author-
ity executed in due form for the transfer of the same filed in his office, and


 

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1929 Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 376, Page 9   View pdf image (33K)
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