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The Maryland Code, Public General Laws, 1888
Volume 389, Preface 65   View pdf image
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ART. 6. ] TREASURY DEPARTMENT. 1XV

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 ho
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 forthcoming, when required,
of said Deposits, ) ond shall disburse the same for the purposes of
the State, according to Law, upon warrants drawn by the Comp-
troller, and on checks, countersigned by him, and not otherwise;
he shall take receipts for all moneys paid by him; and receipts
for moneys received by him shall be endorsed upon warrants,
signed by the comptroller; without which warrants, so signed, no
acknowledgment of money received into the Treasury shall be
valid; and upon warrants, issued by the Comptroller, he shall
make arrangements 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, shall be signed by the Treasurer, and countersigned
by the Comptroller; and no new 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 pro-
visions 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.

SEC. 4. The Treasurer shall render his Accounts quarterly to
the Comptroller, and shall publish monthly in such newspapers as
the Governor may direct an abstract thereof, showing the amount
of cash on hand, and the place or places of deposit thereof; and
on the third day of each regular session of the Legislature he shall
submit to the Senate and House of Delegates fair and accurate
copies of all Accounts by him, from time to time, rendered and
settled with the Comptroller. He shall at all times submit to the
Comptroller the inspection of the money in his hands, and per-
form all other duties that shall be prescribed by Law.

3*

 

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The Maryland Code, Public General Laws, 1888
Volume 389, Preface 65   View pdf image
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