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CHAPTER 56
(Senate Bill 150)
AN ACT to propose an amendment to Section 3 of Article 6
of the Constitution of Maryland, title "Treasury Depart-
ment'-, relating to the signing of state bonds, certificates or
other evidences of indebtedness, and providing for the sub-
mission of said amendment to the qualified voters of the
State for adoption or rejection.
SECTION 1. Be it enacted by the General Assembly of Mary-
land (three-fifths of all members elected to each of the two
Houses concurring), That the following be and is hereby pro-
posed as an amendment to Section 3 of Article 6 of the Con-
stitution of Maryland, title "Treasury Department", the
same, if adopted by the legal and qualified voters of the State,
as herein provided, to become Section 3 of Article 6 of the
Constitution of Maryland:
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 safe-keeping and forth-
coming, 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 accord-
ing 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 other-
wise. The Treasurer or such of his deputies as may be author-
ized 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 author-
ized to do so by law, without which warrants, so signed, no
acknowledgment 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 arrange-
ments 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
EXPLANATION: Italics indicate new matter added to existing law.
[Brackets] indicate matter stricken from existing law
CAPITALS indicate amendments to bill.
Strike-out indicates matter stricken out of bill.
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