The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1898-05-13

sioners. and shall be held by said coun-
Nv school commissioners as a sinking
find for the redemption OF said bonds at
their maturity; and the said county
school examiner shall, from time to
time, dep nSit i'll some savings institution
OF the State of MARYLAND on interest. t, +
the benefit OF said fund, all money be-
longing to said sinking fund or in the
purchase of any OF said bonds that NAV
be offered for sale and redemption and
upon the purchase OF any of such bonds
or the redemption OF the same ut matur.-
~ by the school examiner, they shall be
Immediately cancelled by stamping
across their face, cancelled by the sink
ing fund and no portion Of said sinking
fund so set apart shall ever re diverted
to any other purpose than to the purchase
and liquidationS of said bonds and
should the said school examiner or any
other person having charge of said sink
ing fund, suffer or permit the same or
any part thereof to be diverted from or
applied TO any other purpose than the
investment thereof for the purchase of
said bonds and the purchase and re-
demption of the same, then the person
or party SO offending shall be deemed
guilty OF miSdemeanor. and on con-
viction thereof shall be subject to fine
OF not less than the amount so misap-
piled or Diverted
Sec. 10. And be 1t enacted, That the
examiner shall keep separate account
him for and applied to the payment Of
the interest and deposited to meet the
principal of said bond at .maturity, and
no part of which shall be charged bic
with aSsolvenCIes allowed the treasurer
on account of of failure of assessment or
collections.
Sec. II. And be it Enacted, That the
money arising from the sale of said
bonds, provided in section ~cl.l ul
this act shall be paid to the school ex-
aminer of said county who shall keep in
book for the purpose registry OF the
bonds, and the names of the purchasers,
and the amount realized, and the trans
ters or assignments of the same.
Sec u. An be it Ena Ctcd, That the
fund realized from the sale of said bonds
shall be applied IL the purpose set forth
in thi, act and shall be paid by the
sc.lool examiner upon the order of the
buiiG.Tg committee from time TO time
from Il M.!ri;sllt book especially authoriz
ed by said committee with said warrants
mum bered COnSeCutlvelv and the said
building committee is hereby authorlz-
ed and directed 10 pay to the contractor
or contractors, employed By SAID build
ing committee i'll accordance with the
terms of their said contract, upon the
warrant of said building committee,
each sum or sums OF III ,ney as shall be
certified i'll such warrants that SUCH con
tractor or contractors are entitled to IN
the performance of the contract, and
shall pay, upon the warrant OF SAID
building committee, the cost of plans and
specifications of the work proposed to
be done, the salary OF the supervising
architect and such other expenses that
said building committee may properly
have incurred ii The discharge OF duty
and no part of said proceeds OF sale OF
said bonds shall be paid out by said
school examiner, except on the warrant
of said building Committee.
Sec. Il. And be it Enacted, That this
act shall take effect from the date of its
passage.
Approved, March 4, 1898.
LLOYD LOWNDES, Governor.
JOHN WRIT RANDALL,
President of the Senate.
LOUIS SHAEFER,
Speaker of the House of Delegates
Office of the Secretary of the Senate
/ H2r6r Certify, That the aforegoing
is true copy of an Act Of the General
Assembly of MARYLAND, passed. at the
January Session, 1895
Martin NJ. Higgins,
Secretary ct the Senate.
May IS, IS9S-5w