916                                   LAWS OF MARYLAND                          [CH. 392

26-4. Appointment of treasurer by political committee; reports.

(a)    Every political committee shall appoint and constantly main-
tain a treasurer, whose name and address shall be filed with the clerk
of the circuit court of the county or Baltimore City in which the
committee acts or with the Secretary of State, if the committee's
action is not limited to one county or to Baltimore City, to receive,
keep and disburse all sums of money, or other valuable things, which
may be collected, received or disbursed by such committee or by any
of its members for any purposes for which such committee exists or
acts, and unless such treasurer is first so appointed and maintained,
it shall be unlawful and a violation of this Article for a political
committee, or any of its members, to collect or receive or disburse
money, or other valuable things, for such purposes. The treasurer
shall report contributions and expenditures on the form prescribed
in Sec. 26-15 of this Article and in the manner required by sub-
section (b) of this section and Sec. 26-14 of this Article.

(b)    If the purpose of such political committee, directly or in-
directly, is to aid in the nomination or election of any. candidate for
public office and if fifty dollars ($50) or more is disbursed for such
purpose, the treasurer of the political committee shall report, on the
form prescribed in Sec. 26-15 of this Article, a statement of con-
tributions and expenditures to the treasurer appointed by the can-
didate being so aided, which statement shall be included in the state-
ment of contributions and expenditures reported by the treasurer of
the candidate as provided in Sees. 26-14 and 26-15 of this Article.

26-5. Bond required of certain treasurers.

The treasurer appointed by the State central committee of any
party, and the treasurer appointed in any county or in the City of
Baltimore by the members of the State central committee for such
county or city of any party, and the treasurer appointed by the city
committee of any party in the City of Baltimore, before proceeding
to act shall give bond to the State of Maryland in such penalty as
the committee by whom he shall be appointed shall prescribe, con-
ditioned for the faithful performance by him of the duties of his
office, without loss or detriment to any person interested in the
performance of such duties under which bond an action may be
maintained in the name of the State of Maryland for the use of any
person interested in the faithful performance of his said duties, and
injured by a breach of the condition of said bond. The premium
required to be paid for such bond may be paid by him out of the funds
that shall come into his hands as such treasurer and shall be allowed
to him as a credit in the settlement of his accounts.

26-6. Appointment and reports of sub treasurer.

The treasurer appointed by the State central committee of any
party, or the treasurer appointed in any county or City of Baltimore
by the members of the State central committee for such county or
city of any party, or the treasurer appointed by the city committee
of Baltimore City of any party, may appoint one subtreasurer for
each voting precinct in the said county or city, as the case may be,
which subtreasurer is authorized to expend such money as may be
placed in his hands by the treasurer appointing him for such pur-
poses as are lawful under the provisions of this Article and for no
other purpose, and it shall be the duty of every such subtreasurer to
make a report in writing under oath to the treasurer appointing him,