TREASURER 3517

authority and cause of such disposition; one of said books shall be kept at
the comptroller's office and the other at the office of the treasurer, and
shall each be duly and promptly posted in the manner as aforesaid under
the direction of the said respective officers, and they shall at all proper
times be accessible to the governor and the finance committee of the senate
and the ways and means committee of the house of delegates.

An. Code, 1924, sec. 30. 1912, sec. 30. 1904, sec. 30. 1892, ch. 228, sec. 30.

30. The treasurer is authorized on the order of the board of public
works to obtain duplicate certificates for any bank stock owned and held
by the State when the original certificates have been lost or misplaced; and
when any duplicate certificates have heretofore been issued to said treasurer
on his application in pursuance of an order of said board or may hereafter
be issued to him in pursuance of the order of said board, the State does
hereby agree and undertake to indemnify and save harmless and free from
loss the said banks so issuing or having issued said duplicate certificates
as aforesaid.

An. Code, 1924, sec. 31. 1912, sec. 31. 1906, ch. 186.

31. Whenever, in the judgment of the board of public works, the pub-
lic interests will be subserved thereby, the said board of public works shall
direct the treasurer to sell any of the securities constituting a part of any
of the sinking funds of the State. If the proceeds of such sale be not
required to pay a debt of the State due or about to become due, then the
treasurer shall invest such proceeds of sale in such other securities for the
sinking fund as the board of public works may direct and approve. Both
in selling the securities directed to be disposed of, and in purchasing the
securities directed to be substituted therefor in the sinking fund, the trea-
surer shall proceed in the manner and subject to the regulations and direc-
tions which the board of public works may from time to time prescribe.
If any of the securities so sold by the treasurer shall have words "pur-
chased for the sinking fund" written or stamped upon them, the treasurer,
before delivering the same to the purchaser thereof, shall cause the words
"sold by order of the board of public works, dated this ———— day of
————," to be written or stamped on said securities. And the said securi-
ties when so delivered to the purchaser, shall be negotiable to the same
extent as if there had never been written or stamped upon them the words
"purchased for the sinking fund."

An. Code, 1924, sec. 32. 1912, sec. 32. 1914, ch. 202.

32. The Treasurer may deposit the moneys of the State in such bank
or banks as he may so select, or in such Trust Company or Trust Com-
panies, incorporated under the laws of this State and doing business
therein, as he may, from time to time, with the approval of the Governor,
select; such depositories giving security, satisfactory to the Governor, for
the safe-keeping and forthcoming, when required, of said deposits.

This section referred to in construing sec. 12 of art. 11 of the Code. Public Indemnity
Co. y. Page, 161 Md. 247.

Cited but not construed in Ghingher v. Pearson, 165 Md. 294.

An. Code, 1924, sec. 33. 1912, sec. 33. 1916, ch. 127, sec. 1.

33. The Treasurer of this State is hereby authorized to receive from
any Banking Institution or Trust Company of this State, which may be