WILLIAM GRASON, ESQUIRE, GOVERNOR.

1838.

CHAPTER 390.

CHAP. 390.

An act relating to the several Funds of the State.

Passed April 5,
1839.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Treasurer of the Western Shore,
cause so much of the capital stocks of banking and oth-
er incorporated companies as properly belong to this
State, to be placed in the books of the said companies.

Treasurer to depo-

sit State's funds

to the credit of one

State.

to the credit of the State of Maryland; and so much of
the said stocks, or of the stocks of this State, as are or
shall be held by the said treasurer for the use of the
several funds which now are, or shall be hereafter in-
stituted, to be placed to the credit of the Treasurer of
the Western Shore.

Other funds to cre-

dit of Treasurer

W. W.

Sec. 2. And be it enacted, That for his diligence,
care and labor, in collecting, augmenting, distributing
and disbursing, or accumulating the said funds, ac
cording to law, and in taking and keeping proper ac-

counts and vouchers thereof, the said Treasurer be al-

lowed a commission of one half of one per centum of
said funds; to be charged to the said funds respectively

His compensation.

and ratably; provided, that his said commission for
the current and future years, shall not average more
than five hundred dollars a year.

Limit $500

Sec. 5. And be it enacted, That for the current year
and thereafter, his clerk's compensation shall be such
as is now allowed by law, to a single clerk in the ser-

vice of the State's Tobacco Inspection in Baltimore.

His clerk's com-

pensation.

Sec. 4. And be it enacted, That the thirteenth sec-
tion of the act of eighteen hundred and thirty-five,
chapter three hundred and ninety-five, shall be and

Sec. 13. of Act of

1835, chapter 395,

repealed.

the same is hereby repealed; provided nevertheless, that

the revenue of every description annually to be receiv-
ed into the Treasury, from all or either of the compa-
nies charged with the construction of the works, for
the execution of which the debt by the said act was in-

Proviso.

tended to be incurred, shall be applied by the Treas-
urer to the payment, first of the interest payable upon
the whole debt of the State, and that the excess of such
revenue in any year, above the interest for the year
upon the said public debt, shall be carried by the
Treasurer to the State's sinking fund, if in the judg-

Application direct-

ed.