1853.

LAWS OF MARYLAND.

CHAP. 123.

CHAPTER 123.

Passed April
7, 1852.

AN ACT entitled, an Act to authorise the Treasurer

of Maryland to appoint an Agent to pay the In-
terest upon the Public Debt.

Authorised to
appoint agent.

SECTION 1. Re it enacted by the General Assembly
of Maryland, That the Treasurer be, and he is hereby
authorised to appoint the President of an incorporated
Bank in the city of Baltimore, his agent, whose duty
it shall be, under such proper arrangements as the
Treasurer shall make, to pay the interest upon the
Public Debt; the interest on such portion thereof, as
consists of the currency stock, to be paid at the Bank

of which the said agent is president; and the said agent
shall take receipts for all such payments, and his ac-
counts shall, at all times, be subject to inspection by
the Treasurer, and copies thereof, shall be furnished,
whenever required by the Treasurer, Comptroller, or
either House of the General Assembly.

Stipulation.

SEC. 2. And be it enacted, That in any arrange-
ment the Treasurer may make with the said President,
for the purpose aforesaid, it shall be stipulated, that for
any or all the duties to be performed under this act,
or under such arrangement, the said agent shall receive
no compensation whatever, nor shall he be reimbursed
for any expenses whatever that may be incurred in the
performance of said duties, except the actual cost of
the necessary book, stationery and printing expenses.

Bond.

SEC. 3. And be it enacted. That it shall be the duty

of the Treasurer to require of any agent to be appoint-
ed by him under and pursuant to the provisions of this
act, to give bond to the State of Maryland, with securi-
ty or securities to be approved of by the Governor, in the
penal sum of two hundred thousand dollars, with condi-
tion, 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 ar-
rangement, 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, accord-
ing to the terms of such arrangement.

Oath of secu-
rity.

SEC. 4. And be it enacted, That each security on
said bond shall make oath that he is bona fide worth,
over and above his debts, not less than some specific
sum to be stated in said oath, which oath shall be en-
dorsed on said bond, and recorded therewith; and the
Governor shall not approve any bond of the said agent,