1432 TREASURER—SINKING FUND. [ART. 95.

1872, ch. 276, sec 4.

25. Whenever in the judgment of the comptroller there shall
be a surplus in the treasury over and above the amount necessary
to meet the current expenses of the State, as provided by law, he
shall cause the same to be invested in the bonds or certificates of
debt of this State, purchased at par or less; and in all purchases
of bonds or certificates hereby directed to be made, the treasurer
shall give the preference to the overdue debt of the State, and
the comptroller and treasurer may at any time require the said
overdue debt or some class thereof, which can be regulated and
accurately described, to be presented at the place where made
payable for payment, by giving not less than thirty days' notice
to the holders of such overdue debt that on a day named in said
notice, interest on said overdue debt, or class thereof, will cease;
and if said bonds or certificates, so overdue and particularly de-
scribed in said published notice, be not presented for payment by
said day, the payment of interest on the same shall cease, and no
further payment of interest on the same shall be made.

Ibid. sec. 5.

26. If the overdue bonds or certificates of the State shall not
be procurable in sufficient amounts, the treasurer may invest the
sum or sums required by this article in any bonds or certificates
of the State which may be offered for sale at the best rates
possible for the State, and all such bonds or certificates maturing
at some future day, as may be purchased in pursuance of this
article, shall be cancelled by the treasurer in the presence of
the comptroller, by writing the word "cancelled" across the face
of said bonds or certificates, with the date of said cancellation in
red ink, and signing the name of the said treasurer thereto, also
in red ink; and said bonds or certificates shall then be held by
the treasurer to the credit of the sinking fund, and the interest
thereon shall accrue to said fund until such time as the general
assembly may dispose of the said bonds or certificates.

Ibid. sec. 6.

27. The comptroller is hereby directed to draw his warrant on
the treasurer for the payment of the bonds or certificates so taken
up or purchased under the provisions of this article.