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LAWS OF MARYLAND.
said Acts of Assembly of eighteen hundred and ninety-two,
chapter three hundred and ten. But the said Board of Public
Works may exchange any of the said State securities at their
actual market value, for an equal amount of the outstanding
bonds or certificates of indebtedness of the State of Maryland,
and full authority is hereby given them to exceute and deliver
such transfers or assignments as may be necessary to effect such
sale, exchange or transfer. And whenever there shall be any
sale or transfer of such State securities by the Board of Public
Works, the proceeds thereof shall be applied to the payment
and cancellation of a like amount of the outstanding bonds or
certificates of debt of the State of Maryland. And whenever
any of the outstanding bonds or certificates of debt of the
State shall be paid, the same shall be cancelled and entered by
designation and number by the Treasurer, in the book in his
office known as the "Treasurer's record of bonds paid and can-
celled." And the Treasurer and Comptroller are hereby
directed, during the month of September, and prior to the
close of the fiscal year next preceding the meeting of the Gen-
eral Assembly, to charge off, on their books of account, all
such State bonds and certificates of debt which have been
paid or redeemed, so as to reduce the accounts of such bonds
and certificates of debt to the amounts then actually outstand-
ing and unpaid, so that the said books, at the time the Comp-
troller's report is made, will show the actual outstanding debt
of the State. And the Treasurer shall report the same to the
next succeeding General Assembly, fully and in detail. And
the committee of finance of the Senate and the committee of
ways and means of the House of Delegates, shall examine
said books of the Treasurer during the first thirty days of the
session, and shall burn and destroy all the State bonds and cer-
tificates of debt which have been paid, redeemed and charged
off as aforesaid, and make report and certificate thereof to the
General Assembly, which report shall be printed in the journal
of the proceedings of the Senate or House of Delegates.
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