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certificate or other evidence intended to replace another shall be issued until the
old one shall be delivered to the Treasurer, and authority executed in due form for
the transfer of the same filed in his office, and the transfer accordingly made on
the books thereof, and the certificate or other evidence cancelled; but the
Legislature may make provisions for the loss of certificates, or other evidences of
the debt; and may prescribe, by law, the manner in which the Treasurer shall
receive and keep the moneys of the State.
SECTION 2. AND BE IT FURTHER ENACTED, That the aforegoing
section hereby proposed as an amendment to the Constitution of Maryland, at the
next general election to be held in this State in November 1974, shall be submitted
to the legal and qualified voters thereof for their adoption or rejection in pursuance
of directions contained in Article XIV of the Constitution of this State; and at this
general election, the vote on this proposed amendment to the Constitution shall be
by ballot, and upon each ballot there shall be printed the words "For the
Constitutional Amendment" and "Against the Constitutional Amendment", as
now provided by law, and, immediately, after the election, all returns shall be
made to the Governor of the vote for and against the proposed amendment, as
directed by Article XIV of the Constitution, and further proceedings had in
accordance with Article XIV.
Approved May 21, 1973.
CHAPTER 633
(House Bill 1425)
AN ACT to add new Section 23 to Article 95 of the Annotated Code of Maryland
(1969 Replacement Volume and 1972 Supplement), title "Treasurer," to follow
immediately after Section 22 thereof, to authorize the State Treasurer to enter
into agreements with certain banks and trust companies relating to charges for
banking services or to place certain funds on deposit with respect to banking
services, and relating generally to the investment of State funds and banking
services for the State.
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That new Section 23 be and it is hereby added to Article 95 of the
Annotated Code of Maryland (1969 Replacement Volume and 1972 Supplement),
title "Treasurer," to follow immediately after Section 22 thereof, and to read as
follows:
23.
IN ADDITION TO ANY OTHER PROVISIONS OF THE CODE
RELATING TO THE MANAGEMENT OF STATE FUNDS, THE
TREASURER MAY ENTER INTO AGREEMENTS WITH BANKS AND
TRUST COMPANIES WHICH RENDER BANKING SERVICES TO THE
STATE FOR CHARGES TO BE MADE FOR THE BANKING SERVICES
WHICH THE BANK OR TRUST COMPANY PERFORMS ON BEHALF OF
THE STATE. THESE CHARGES SHALL BE UNIFORM FOR SIMILAR
SERVICES PERFORMED BY DIFFERENT BANKS AND TRUST
COMPANIES. IN LIEU OF SERVICE CHARGES THE TREASURER MAY
PLACE ON DEPOSIT WITH THE BANK OR TRUST COMPANY AN
AMOUNT OF FUNDS THAT WILL ENABLE THE BANK OR TRUST
COMPANY TO EARN AN AMOUNT SUFFICIENT TO COMPENSATE IT
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