BLAIR LEE III, Acting Governor

1273

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1978.

Approved May 2, 1978.

CHAPTER 239

(Senate Bill 486)

AN ACT concerning

Treasurer - Agents

FOR the purpose of enabling the Treasurer to appoint any
bank incorporated and authorized to do business in this
State as his agent for certain purposes; and deleting
certain provisions relating to the surety on and
recordation of the agent's bond.

BY repealing and reenacting, with amendments,

Article 95 — Treasurer

Section 12 and 14

Annotated Code of Maryland

(1969 Replacement Volume and 1977 Supplement)

BY repealing

Article 95 — Treasurer

Section 15 and 16

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be repealed, amended, or enacted to read as follows: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

12.

The Treasurer is authorized to appoint [the president
of an] A BANK incorporated [bank in the City of Baltimore]
AND AUTHORIZED TO DO BUSINESS IN THIS STATE his agent, whose
duty it shall be, under suck proper arrangements as the
Treasurer shall make, to pay the interest upon the public
debt, and so much of the principal of the public debt as,
from time to time, may mature; the principal and interest on
such portion thereof as consists of the currency stock to be
paid at the bank [of which the said agent is president; the
said]. THE agent shall take receipts for all such payments,