HARRY W. NICE, GOVERNOR. 791

CHAPTER 355.

AN ACT to add a new sub-title and three new sections to
Article 31 of the Code of Public General Laws of Mary-
land, 1924 Edition, title "Debt-Public, " said new sub-title
to be known as "Statements of Financial Condition, " and
said new sections to be known as Sections 6, 7 and 8, to
require the Treasurer or other authorized financial of-
ficer of every county, municipal or public corporation,
special district and/or political sub-division of this State,
to file annually, under oath, with the Board of Public
Works of this State, a statement of the financial condi-
tion of said county, municipal or public corporation, spe-
cial district and/or political sub-division, in such form
as may be prescribed by said Board of Public Works, and
providing a penalty for failure to comply with said re-
quirement.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That a new sub-title and three new sections be
and they hereby are added to Article 31 of the Code of Pub-
lic General Laws of Maryland, 1924 Edition, title "Debt-
Public, " said new sub-title to be known as "Statements of
Financial Condition" and said new sections to be known as
Sections 6, 7 and 8, and said new sub-title and sections to
read as follows:

STATEMENTS OF FINANCIAL CONDITION

6. It shall be the duty of every Treasurer, or, if there
be no Treasurer, of every other authorized financial officer
of every county, municipal or public corporation, special
district and/or political sub-division of this State, which
has heretofore been or shall hereafter be authorized by any
law or laws of this State to incur any indebtedness redeem-
able from the proceeds of any general or special tax or
other levy, to file with the Board of Public Works of the
State of Maryland, at least once in each and every year, a
comprehensive statement of the financial condition of said
county, municipal or public corporation, special district
and/or political sub-division, said statement to be in such
form as may be prescribed by said Board and to disclose so
much of the following information with regard to the finan-
cial condition of said county, municipal or public corpora-
tion, special district and/or political sub-division, as shall
be applicable thereto: (a) The assessed valuation of all tax-
able, tangible and intangible property; (b) The total in-
debtedness, which shall be sub-divided into (I) bonded in-
debtedness redeemable from the proceeds of general ad va-