984                                            LAWS OF MARYLAND                                 Ch. 68

(B) THE PROCEEDS FROM ANY SALE SHALL BE PAID INTO THE
GENERAL TREASURY OF THE STATE TO BE APPROPRIATED FROM IT IN
THE MANNER AND FOR THE PURPOSES PRESCRIBED IN THE BUDGET.

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

Approved April 11, 1978.

CHAPTER 69
(Senate Bill 273)

AN ACT concerning

State Treasurer — Duplicate Certificates of Stock Owned

by the State

FOR the purpose of authorizing the State Treasurer on the
order of the Board of Public Works to obtain duplicate
certificates for any stock owned and held by the State
when the originals have been misplaced or lost ,subject
to indemnification of the issuing corporation by the
State; requiring that any stock or securities
certificates held by State agencies be transmitted to
the Treasurer for inventory and safekeeping; and
clarifying language.

BY repealing and reenacting, with amendments,

Article 95 — Treasurer

Section 20

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be repealed, amended, or enacted to read as follows: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

20.

The Treasurer is authorized on the order of the Board
of Public Works to obtain duplicate certificates for any
[bank] stock owned and held by the State when the original
certificates have been lost or misplaced[; and when]. WHEN
any duplicate certificates have [heretofore] been issued to
[said] THE Treasurer on his application in pursuance of an
order of [said] THE Board [or may hereafter be issued to him
in pursuance of the order of said Board], the State [does
hereby agree and undertake to] SHALL indemnify and save
harmless and free from loss the [said] banks CORPORATIONS so