ART. 95] SINKING FUND. 2075

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 treas-
urer 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 described 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.

1888, art. 95, sec. 26. 1872, ch. 276, sec 5. 1890, ch. 571.

26. All money remaining in the treasury of the State at the
close of each fiscal year in excess of one hundred and fifty
thousand dollars and of the- sums required to meet the interest
due or accruing upon the public debt of the State and the
expenses of the State government as defined by law shall be
held by the treasurer of the State to the credit of the general
sinking fund of the State and shall be invested by the treasurer
in the overdue bonds and stocks of the State and when such
overdue bonds and stocks of the State are not procurable, then
in the obligations of the State not yet matured at the best pos-
sible rates for the State, or in the securities issued by the
United States, or in such other productive stocks or bonds as
the treasurer, the governor and comptroller concurring may
consider safe and reliable at the best possible rates for the
State, and the sum of one hundred thousand dollars which is
directed by section 8 of this article to be set apart in each
year for the augumentation of the sinking fund may be invested
in the same manner and under the same conditions by the
treasurer; every bond, certificate of stock or other security pur-
chased for the sinking fund under the provisions of this article,
and every coupon attached thereto shall at once be distinguished
and identified by the treasurer in the presence of the comp-
troller by stamping in red ink across the face thereof the
words "purchased for the sinking fund," and also, except in
case of coupons, by writing thereon in red ink the date of its
purchase and the signature of the treasurer; all securities
purchased for the sinking fund shall be held by the treasurer to
the credit of said fund in manner as prescribed by section 28 of