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1270 LAWS OF MARYLAND Ch. 236
Section 3, 4, and 6
Annotated Code of Maryland
(1969 Replacement Volume and 1977 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:
Article 95 — Treasurer
2.
(A) Before entering upon the discharge of his duties,
The] THE TREASURER shall give [bond] to the State [, with
security or securities] BOND FROM A SURETY COMPANY
AUTHORIZED TO DO BUSINESS IN THE STATE AND IN AN AMOUNT
approved by the Governor [in the penalty of two hundred
thousand dollars with condition that he will truly and
faithfully discharge, execute and perform all and singular
the duties required and which may be required of him by the
Constitution and laws].
(B) IF, IN THE OPINION OF THE GOVERNOR, THE BOND OF
THE TREASURER HAS OR IS LIKELY TO BECOME INVALID OR
INSUFFICIENT, THE GOVERNOR SHALL DEMAND THAT THE TREASURER
IMMEDIATELY RENEW THE BOND WITH A SURETY COMPANY AUTHORIZED
TO DO BUSINESS IN THE STATE AND IN AN AMOUNT APPROVED BY THE
GOVERNOR. IF, WITHIN 20 DAYS AFTER THE DEMAND, THE
TREASURER NEGLECTS OR REFUSES TO RENEW THE BOND, THE NEGLECT
OR REFUSAL CONSTITUTES A DISQUALIFICATION, AS PROVIDED IN
THE STATE CONSTITUTION.
[3.
Each security on the bond of the Treasurer shall make
oath that he is bona fide worth, over and above his debts,
not less than some specified sum, to be stated in said oath,
which oath shall be endorsed on said bond and recorded
therewith. ]
The Governor shall not approve any bond of the
Treasurer unless the sums so sworn to and endorsed on said
bond shall in the aggregate at least equal the amount of the
penalty thereof, and he shall be satisfied of the
availability of each security.]
[ 5. ]
(C) The bond of the Treasurer, when duly executed and
approved, shall be recorded in the office of the Cleric of
the Court of Appeals, and certified copies under seal of
[said] THE court may be used in evidence in any court of law
or equity in this State.
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