ELIHU E. JACKSON, ESQUIBE, GOVERNOR.

707

shall be filed in the office of the comptroller within one week

after each such count and cancellation; and the committee on

finance of the senate and the committee on ways and means of the

house of delegates shall jointly during each session of the legis-

lature and within the first month of such session, examine and

count all such bonds and certificates of stock so purchased or

obtained up to the close of the fiscal year next preceding such

session, and cancelled or stamped purchased for the sinking fund,

as required by the provisions of this act, and shall burn all such

bonds and certificates of stock as belong to the over-due debt of

the State, and shall examine carefully all bonds or certificates of

stock maturing at some future day for the purpose of ascertain-

ing that the same have been endorsed or marked, cancelled or

stamped purchased for the sinking fund as required by section

twenty-six of this article, and that the accruing coupons and

interest thereon have been collected and credited to said sinking

fund, and shall make a joint report of their proceedings therein

to both houses of the legislature, within two weeks after they

shall have finished their said duties as prescribed by this section.

26. All money remaining in the treasury of the State at the

close of each fiscal year in excess of one hundred and fifty thou-

sand 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 possible rates for the State,

Money in

or in the securities issued by the United States or in such other

excess to
general

productive stocks or bonds as the treasurer, the governor and
comptroller concurring, may consider safe and reliable at the best

sinking
fund.

possible rates for the State, and the sum of one hundred thou-

sand dollars, which is directed by section eight of this article to

be set apart in each year for the augmentation of the sinking

fund, may be invested in the same manner and under the same

conditions by the treasury; every bond, certificate of stock or

other security, purchased for the sinking fund under the provis-

ions of this article, and every coupon attached thereto shall at

once be distinguished and identified by the treasurer in the pres-

ence of the comptroller, 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 twenty-

eight of this article, and the interest and coupons on all such