J. MILLARD TAWES, Governor                      751

rants; signed by the Comptroller, or such deputy as may be author-
ized to do so by law, without which warrants so signed no acknowl-
edgment of money received in the treasury shall be valid. The
exercise of the powers conferred upon the chief deputy treasurer,
and each other deputy treasurer by this section, shall be subject
to all of the limitations imposed by law upon the Treasurer in the
performance of such powers. The chief deputy treasurer and each
other deputy treasurer shall act as such only during the pleasure of
the Treasurer, and the power to act as such chief deputy treasurer
or deputy treasurer, may be terminated at any time by the treasurer
for any cause which he may deem sufficient. In the event of sickness
or absence of the treasurer, the power of the chief deputy treasurer
or any other deputy treasurer to act as such may be terminated by
the Board of Public Works or a majority of its members for any
cause which they may deem sufficient. The termination of the power
of the chief deputy treasurer or any other deputy treasurer to act
as such shall not of itself operate to terminate his employment as
clerk, assistant or other employee. Whenever the powers of any
person to act as chief deputy treasurer or deputy treasurer are termi-
nated, as herein provided, the Treasurer may designate some other
clerk or assistant to act as such chief deputy treasurer or deputy
treasurer, subject to the limitations and conditions above prescribed.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1963.

Approved April 17, 1963.

CHAPTER 505
(House Bill 754)

AN ACT to repeal and re-enact, with amendments, Section 19 of
Article 95 of the Annotated Code of Maryland (1957 Edition),
title "Treasurer," authorizing, under certain conditions, a deputy
comptroller and deputy treasurer of the State of Maryland to have
access to securities belonging to or kept by the State in safe deposit
boxes or vaults within this State.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 19 of Article 95 of the Annotated Code of Maryland
(1957 Edition), title "Treasurer," be and the same is hereby repealed
and re-enacted, with amendments, to read as follows:

19. How securities kept; access to.

All bonds, certificates of stock and other securities purchased or
obtained by the Treasurer for the use of the sinking fund, transferred
and assigned to or deposited with the Treasurer, in trust or other-
wise, by any corporation of this or any other state, or by any indi-
vidual, pursuant to any law or laws of this State, and all bonds,
certificates of stock and other securities belonging to the State shall
be deposited and kept in some safe deposit company in the City of
Baltimore to be selected by the Treasurer with the approval of the
Board of Public Works; the Treasurer alone shall not be entitled