1184 LAWS OF MARYLAND. [CH. 583

CHAPTER 583.

AN ACT to repeal and re-enact with amendments Section 19 of
Article 95 of the Annotated Code of the Public Civil Laws
of Maryland, title "Treasurer, " for the purpose of author-
izing the State Treasurer to accept collateral security on the
bond of the Agent of the said State Treasurer.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 19 of Article 95 of the Annotated Code of
Public Civil Laws of Maryland, be and the same is hereby re-
pealed and re-enacted with amendments, so as to read as
follows:

It shall be the duty of the treasurer to require any agent to be
appointed by him to give bond to the State of Maryland with
security or securities to be approved of by the governor in the
penal sum of two hundred thousand dollars, with condition that
the said agent shall diligently and faithfully discharge and
execute all and singular the duties required to be performed
by him under and pursuant to such arrangement and that he
will well and truly disburse, pay out, and account for all
monies that may be placed in his hands or deposited with him
for the payment of the interest on the public debt of this State
according to the terms of such arrangement. It shall be lawful
for the State Treasurer to receive as surety, collateral to the
said bond instead of personal corporate security, registered
public stock of the United States, of State of Maryland, of
Baltimore City, or bonds of any County or municipal corpora-
tion of this state, which shall be approved by the State Treas-
urer to the amount, in value, of $200, 000. 00, which stock must
be registered in the name of the said Treasurer, officially, as
held in trust under and pursuant to this section, and same
shall be held in trust by said Treasurer to secure the perform-
ance of the conditions of the said bond.

Approved April 18th, 1916.

CHAPTER 584.

AN ACT to empower the Mayor and City Council of Balti-
more to issue the stock of said corporation to an amount not
exceeding one million dollars, for the purpose of acquiring,
by purchase, condemnation or otherwise, land for public
school buildings, and of constructing or reconstructing pub-
lic school buildings.