110

LAWS OF MARYLAND.

Authorized
to sell.

19. The said Comptroller is hereby authorized,
by and with the approval and concurrence of the
Governor and Treasurer of the State, from time to
time, as he may deem proper, to sell such land
scrip, or any part thereof, for cash, or for stocks of
the United States, or of the States, or some other
safe stocks, yielding not less than five per centum
upon the par value of said stocks, and to execute
all necessary and proper transfers thereof; but no
scrip shall be transferred and delivered to any pur-
chaser thereof until the same shall have been fully
paid for, or until payment shall have been fully
secured by collaterals of such stocks as above
specified.

Comptroller
to employ
agents.

20. The Comptroller shall make all such ar-
rangements, employ such agents and adopt such
measures in all respects as he may deem most ex-
pedient for effecting a judicious sale of the said
land scrip; and the Treasurer, on the warrant of
the Comptroller, shall from time to time pay out
of any moneys in the Treasury, not otherwise ap-
propriated, all the expenses of management and
superintendance, and taxes, if any, for the
selection of said lands previous to their sale,
and all expenses incurred in the management
and disbursement of the moneys which may
be received therefrom, and of all incidental mat-
ters connected with or arising out of the manage-
ment and sale of said lands, so that the entire
proceeds of the sale of said lands shall be applied
without any diminution whatever, to the purposes
mentioned in said act of Congress.

Moneys to be
invested.

21. The moneys which may be received in the
sale of said land or scrip, shall from time to time,
and as often as there shall be a sufficient accumu-
lation for that purpose, be invested by the Comp-
troller in stocks of the United States, or of this
State, or in some other safe stocks, yielding not
less than five per centum per annum on the par
value of said stocks, and the money so invested
shall constitute a perpetual fund, the capital of
which shall remain forever undiminished, except
as provided for in and by said act of Congress.

Comptroller
to keep sepa-
rate books.

22. The Comptroller shall keep separate books
of accounts in his office, of all matters relating to
the said land scrip and lands, and the care, man-