1238 ARTICLE 95.

minated at any time by the Treasurer for any cause which he may deem
sufficient. In the event of sickness or absence of the Treasurer, the power

of the Chief Deputy Treasurer or any other Deputy Treasurer to act as
. such may be terminated by the Board of Public Works or a majority
of its members for any cause which they may deem sufficient. The termi-
nation of the power of the Chief Deputy Treasurer or any other Deputy
Treasurer to act as such shall not of itself operate to terminate his employ-
ment as clerk, assistant or other employee. Whenever the powers of any
person to act as Chief Deputy Treasurer or Deputy Treasurer are termi-
nated, as herein provided, the Treasurer may designate some other clerk or
assistant to act as such Chief Deputy Treasurer or Deputy Treasurer, sub-
ject to the limitations and conditions above prescribed.

An. Code, 1924, sec. 17. 1912. sec. 17. 1904. sec. 17. 1888, sec. 17. 1834, ch. 279,
sec. 1 1852, ch. 123. sec. 1. 1933. ch. 315, sec. 17.

17. The treasurer is authorized to appoint the president of an incor-
porated bank in the city of Baltimore his agent, whose duty it shall be,
under such proper arrangements as the treasurer shall make, to pay the
interest upon the public debt, and so much of the principal of the public
debt as, from time to time, may mature; the principal and 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.

An. Code, 1924. sec. 19. 1912. sec. 19. 1904. sec. 19. 1888, sec. 19. 1834, ch. 279,
sec. 3. 1852, ch. 123, sec. 3. 1916. ch. 583. 1933, ch. 315, sec. 19.

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 arrangement
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 principal and 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 corporate
security, registered public stock of the United States, of State of Mary-
land, of Baltimore City, or bonds of any county or municipal corporation

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 Treasurer to secure the
performance of the conditions of the said bond.