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Session Laws, 1929
Volume 572, Page 722   View pdf image (33K)
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722 LAWS OF MARYLAND. [CH. 226

the county boards of education, and their successors in office.
The county boards of education are authorized, empowered,
directed and required to maintain a uniform and effective
system of public schools throughout their respective counties.
Real and personal estate granted, conveyed, devised or be-
queathed for the use of any particular county or school
district shall be held in trust by the county board of education
for the benefit of such county or school district.

SEC. 10. And be it enacted, That Section 205 of Article
81 of the Code of Public General Laws of Maryland (1924),
title "Revenue and Taxes, " sub-title "Sinking Fund, " be and
it is hereby re-enacted without change as an additional section
to be known as Section 38 of Article 95 of said Code of Public
General Laws, title "Treasurer, " to read as follows (such re-
enactment to have the effect of a mere continuation in force
of said repealed section):

38. All monies remaining in the treasury of the State at the
close of each fiscal year, in excess of one hundred and fifty
thousand dollars, and of the sums required to meet the interest
accruing due upon the public debt, and the expenses of the State
government 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 obligations
of the State; and when the same are not procurable in - the
obligations of the State not yet matured, or in the securities
issued by the United States, or in such other productive stocks
or bonds as the treasurer, the governor and comptroller con-
curring may consider safe and reliable; and the sum of one
hundred thousand dollars, which is directed 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 said treasurer; and the investment so made shall be
passed to the credit of the sinking fund.

SEC. 11. And be it enacted, That Section 149 of Article
81 of the Code of Public General Laws (1924), be and it is
hereby re-enacted without change as Section 51 of Article 9
of said Code, title "Attachments, " sub-title "Lien of State, "
to read as follows:

51. All lands and tenements belonging to any person in-
debted to this State, after the commencement of a suit therefor


 

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Session Laws, 1929
Volume 572, Page 722   View pdf image (33K)
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