HERBERT R. O'CONOR, GOVERNOR. 831

plus shall be sufficiently large to cover the catastrophe
hazard. The Commissioners shall also set up and main-
tain a reserve adequate to meet anticipated losses and
carry all claims and policies to maturity.

24. The Treasurer of the State shall be the custodian
of the State Accident Fund and all disbursements there-
from shall be paid by him upon order or voucher, approved
and signed by the chairman or vice-chairman of the Com-
missioners of the State Accident Fund and the Superin-
tendent thereof, and directed to the Comptroller of the
State, who shall draw his warrant therefor. It shall be
the duty of of the Treasurer to keep and maintain the
fund herein created separate and distinct from other State
funds. On and after January 1st, 1915, the obligation in
the bond of the State Treasurer shall contain a provision
securing the protection of this fund.

25. Whenever and as often as there shall be in the
hands of the Treasurer any sum belonging to the State Ac-
cident Fund not likely, in the opinion of the Commis-
sioners of the State Accident Fund, to be required for
immediate use, it shall be the duty of the Board of Pub-
lic Works, when called upon by the Commissioners, to
invest the same in interest-bearing securities of the type
that are eligible for public deposits in this State, and when
and as it may become necessary or expedient to use the
moneys so loaned or invested the Board of Public Works
shall, when called upon by the Commissioners,
collect or sell or otherwise realize upon any such loan
or investment, and any interest accruing upon any such
loan or investment, as well as any interest received upon
the deposit of moneys belonging to said fund shall be
credited to said fund.

The State Treasurer may deposit any portion of the
State fund not needed for immediate use, in the manner
and subject to all provisions of law respecting the deposit
of other State funds by him. Interest earned by such por-
tion of the State Accident Fund deposited by the State
Treasurer shall be collected by him and placed to the credit
of the fund.

29. In the administration of the State Accident Fund,
the Commissioners of the State Accident Fund shall
have full power and authority to make any and all rules
and regulations not inconsistent with law, for the conduct
of the business. of the State Accident Fund.

SEC. 4 And be it further enacted, That Sections 16 and
17 of Article 101 of the Annotated Code of Maryland (1939