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Supplement to the Maryland Code, Containing the Acts of the General Assembly Passed at the Session of 1864
Volume 382, Page 67   View pdf image (33K)
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ART. 94.] TREASURER. 67

2. Any person violating the provisions of the preceding
section shall be deemed guilty of a misdemeanor, and on con-
viction thereof in the Criminal Court of Baltimore city, or the
Circuit Court of Baltimore county, in which the offence was
committed, shall be sentenced to pay a fine of not less than one
hundred ($100) nor more than one thousand ($1,000) dollars, or
by imprisonment in jail not less than one month nor more than
six months, or by both fine and imprisonment, at the discretion
of the court, and by forfeiture of license, one-half the fine to be
paid to .the informer, and the other half to the State.

In force from March 10, 1864.

ARTICLE XCIV.

Treasurer

Chapter 370 amends and re-enacts sections 8, 9, as follows :

SEC. 1. The Treasurer shall invest the interest accruing on
the sinking fund, in the funded debt of this State, or in the
bonds and stocks issued, or to be issued by the Government of
the United States, as soon after receiving the same as he can do
so advantageously, and carry such investment to the credit of
said fund.

2. All surplus moneys which may at any time be in the
Treasury, not required in the judgment of the Comptroller and
Treasurer, to pay the ordinary expenses, and current interest
upon the funded debts of this State, or for the redemption of
such part or parts of said funded debts as may be due or become
due, or in case no part of said funded debt, not held by the
sinking fund, is then due, the said Treasurer may, with the
approval of the Comptroller and Governor, invest said surplus
moneys or any part thereof, in the bonds or stocks issued or to
be issued by the Government of the United States, and all in-
vestments of said fund or its increments, here before made by
the Treasurer, in any such bonds or stocks qf the United States,
are hereby approved and made valid.

In force from March 10,1864.


 

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Supplement to the Maryland Code, Containing the Acts of the General Assembly Passed at the Session of 1864
Volume 382, Page 67   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


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