|
LAWS OF MARYLAND.— 1836
|
1239
|
|
entitled an act concerning the amendments of judicial proceed-
ings, passed at December session, eighteen hundred and thirty-
three, chapter two hundred and seventy-six, be and the same is
|
|
|
hereby repealed ; Provided, that this law shall not be construed
to affect any suit or action now pending, where the contract on
which the said suit or action was founded, did not exist prior to
the passage of the said second section; And provided also, that
nothing in this act contained shall construed to affect any action
now pending, where all the parties to the same cause of action
have been sued separately.
|
Provisos.
|
|
CHAPTER 220.
AN ACT to invest the State's Share of the Surplus Revenue of the United
States, and for other purposes.
|
|
|
SEC. 1. Be it enacted, by the General Assembly of Maryland,
That of the money received, and to be received from the United
States on account of this state's proportion of the surplus
revenue of the United States, the sum of two hundred and
seventy-four thousand four hundred and fifty-one dollars, shall
be, and the same is hereby set apart, and appropriated for the
purpose of defraying the interest on the public debt already
created, and other expenses of the government.
|
$274,451
appro-
priated.
|
|
SEC. 2. And be it enacted, That the treasurer for the western
shore, be, and he is hereby authorized and directed to deposite
so much of the aforesaid sum of two hundred and seventy-four
thousand, four hundred and fifty-one dollars, as shall remain
after payment of the temporary loan of last year, which he shall
forthwith discharge, and reserving so much more as he shall
find necessary for the purposes of the treasury, on or before the
first day of April next, in some bank or banks or other moneyed
institutions, incorporated by authority of this state, in such
sums and on such terms as he may deem most advantageous to
|
Which is to
be deposited
|
|
the slate ; Provided, that such bank or banks, or other moneyed
institution receiving the same or any part thereof, shall agree to
pay to the state of Maryland an interest of at least five per cent,
per annum on the money so deposited, and also to re-pay the
same upon demand of the said treasurer.
|
Conditions.
|
|
SEC. 3. And be it enacted, That the treasurer for the western
shore shall be, and he is hereby authorized to withdraw the
said sum of money so to be deposited, and the interest thereon,
or such part or parts thereof, as from time to time may be neces-
sary, and the same to apply to the payment of the interest on
the public debt and current expenses of the government, and he
|
Treasurer
authorized
to apply the
same.
|
|
shall be, and hereby is authorized with the advice and consent
of the governor and council, whenever the safety of the fund
may seem in danger, to withdraw the money so to be deposited
or any part thereof and io deposite the same in such other bank
|
Or remove
depostes.
|
|
 |