TREASURER 3511

one of his clerks or assistants as Chief Deputy Treasurer, and not exceeding
two other clerks or assistants as Deputy Treasurers. Before any person
shall act as Chief Deputy Treasurer or Deputy Treasurer, such person
shall give a bond to the State of Maryland, with security or securities ap-
proved by the Governor in the penalty of two hundred thousand dollars
($200,000), with condition that he will truly and faithfully discharge,
execute and perform, all and singular, the powers and duties of Chief
Deputy Treasurer or Deputy Treasurer, as the case may be. The Chief
Deputy Treasurer and each Deputy Treasurer upon his designation and
qualification, as above provided, shall have power to disburse the moneys
of the State for the purposes of the State, according to law, including the
power to sign or countersign checks, upon warrants drawn by the Comp-
troller, or his duly authorized deputy, and on checks countersigned by the
Comptroller or his duly authorized deputy. The Chief Deputy Treasurer,
and each other Deputy Treasurer, 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 acknowledgment of money received in the Treasury shall be valid. The
exercise of the powers conferred upon the Chief Deputy Treasurer, and
each other Deputy Treasurer by this section, shall be subject to all of the
limitations imposed by law upon the Treasurer in the performance of such
powers. The Chief Deputy Treasurer and each other Deputy Treasurer
shall act as such only during the pleasure of the Treasurer, and the power
to act as such Chief Deputy Treasurer or Deputy Treasurer, may be ter-
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. 8. 1912, sec. 8. 1904, sec. 8. 1888, sec. 8. 1853, ch. 360, sec. 2.

1854, ch. 216.

8. All parts of the funded debts of this State redeemed shall be can-
celled and all parts purchased shall be also cancelled, except one hundred
thousand dollars of said funded debt so purchased in each year which
shall be carried to the credit of the sinking fund.

An. Code, 1924, sec. 9. 1912, sec. 9. 1904, sec. 9. 1888, sec. 9. 1853, ch. 360, sec. 3.

9. All such parts of the funded debts of this State created for the bene-
fit of works of internal improvements or on account of the tobacco debt
as may be redeemed or purchased, as herein provided, shall continue to
be a charge against the works of internal improvements, or against the
tobacco fund, as the case may be, and shall be carried to the credit of the
sinking fund for that purpose and no other.