88

TREASURER. [ART. 10.

the sum so due and claimed, deduct the sum so due the State from
the amount demanded, and pay the difference only; and if the
amount due to the State shall be equal to or exceed the sum so de-
manded, the treasurer shall withhold the entire amount.

Id a 17
1845, c 145, s 2
Assignee.

11. If the demand is made by any assignee of a party having
a claim against the State, the same right to withhold or deduct as
the case may be, shall exist as if the demand were made by the as-
signor.

Id s 18
1856, c 149
To issue dupli-
cates for bonds
or coupons last.

1 2, The treasurer may issue new evidences of debt, or coupons
of interest, showing on their face that they are duplicates of bonds
or coupons alleged to be lost, and corresponding in amount with the
said lost bonds or coupons; Provided, the owner of such bonds or
coupons, before such renewal, shall, by legal and competent evi-
dence, prove to the satisfaction of the treasurer the loss of said
bonds or coupons, and shall give him satisfactory security to indem-
nify the State against any other claim or demand on account of
said bonds or coupons alleged to be lost.

PUBLIC DEBT.

Id s 19
1834, c 279, 3 1,
1833, c 336, 1852,
c 123, 8 1
To appoint
agent to pay
interest.

13, The treasurer is authorized to appoint the president of an
incorporated bank in the city of Baltimore his agent, whose duty it
shall be, under such proper arrangements as the treasurer shall make,
to pay the interest upon the public debt; the interest on such portion
thereof as consists of the currency stock to be paid at the bank of
which the said agent is president; the said agent shall take receipts
for all such payments, and his accounts shall at all times be subject
to inspection by the treasurer, and copies thereof shall be furnished
whenever required by the treasurer, comptroller, or either house of
the General Assembly.

Id s 20
1834, c 279, s 1,
1852, c. 123, s 2
Agent not to be
paid

14. In any arrangement the treasurer may make with the said
president, for the purpose aforesaid, it shall be stipulated that for
any or all the duties to be performed, the said agent shall receive
no compensation whatever, nor shall he be reimbursed for any ex-
penses whatever that may be incurred in the performance of said
duties, except the actual cost of the necessary books, stationery, and
printing expenses

Id s 21
1834, c 279, s 3,
1852, c 123, s 3
To give bond

15. It shall be the duty of the treasurer to require of any agent
to be appointed by him, to give bond to the State of Maryland, with
security or securities to be approved of by the governor, in the penal

Condition

sum of two hundred thousand dollars, with condition that the
said agent shall diligently and faithfully discharge and execute all
and singular the duties required to be performed by him, under and
pursuant to such arrangement, and that he will well and truly dis-
burse, pay out, and account for all moneys that may be placed in
his hands, or deposited with him for the payment of the interest on
the public debt of this State, according to the terms of such ar-
rangement.