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Session Laws, 1890
Volume 396, Page 708   View pdf image (33K)
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708

LAWS OF MARYLAND.


securities, maturing at a future day shall accrue to and be regu-


ularly and promptly collected for and credited to the sinking


fund, until such time as such securities shall mature and be re-


deemed respectively, or until the general assembly shall dispose


of the same, or, in case of over due securities of this State, until


the same shall be burned by the finance committee and the ways


and means committee as prescribed by section twenty-three of
this article.


SEC. 2. And be it enacted, That the following additional sec-

To add

tions be and the same hereby are added to said article ninety-five,


to be designated as " Sections twenty-eight and twenty-nine" re-


spectively.


28. All bonds, certificates of stock and other securities pur-


chased or obtained by the treasurer- for the use of the sinking


fund, and all bonds, certificates of stock and other securities be-


longing to the State shall be deposited and kept in some safe de-


posit company in the city of Baltimore, to be selected by the treas-


urer with the approval of the board of public works; the treas-


urer alone shall not be entitled to have access to the box, boxes,

Securities,

vault or vaults where such securities shall be kept, but on all oc-

bow kept

casions when access to the same is to be had by him he shall be


accompanied by the comptroller or by some other member of the


board of public works, designated by the governor for that pur-


pose, in case the comptroller be unable to attend in any particular
case, the box or boxes, vault or vaults where such securities shall


be kept, shall be so constructed that two entirely different keys


shall be required to gain access to said securities, one of which


keys for each such box or vault shall be in the custody of the


treasurer, and the other in that of the comptroller.


29. The treasurer of the State and the comptroller of the


treasury shall each forthwith procure a properly bound book, to


be used for the sinking fund account, in each of which shall be


properly and regularly entered a registry of all bonds, certificates
of stock and other securities belonging to the sinking funds, said


books shall be ruled in columns appropriately headed, in which


said several columns shall be entered the number, kind, class,

To keep

character, value, denomination or other proper description of all

record

bonds, certificates of stock or other securities now held and be-


longing to the sinking fund of the State, and in all cases of future
purchases or acquisitions for said funds, the kind or class of se-


curity so purchased or acquired, the proper number borne by each


such bond, certificate of stock or other security so purchased or


acquired, the number of shares of stock represented by each such


certificate, the par value of each bond, share of stock or other se-


curity, the price paid for the same, the name of the person, firm


or corporation from whom or through whom the same was or were
purchased or acquired, the date of each such purchase or acqui-



 
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Session Laws, 1890
Volume 396, Page 708   View pdf image (33K)
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