The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1914-07-03

entering into any contract, whether for
the purchase of said building site, or
for the construction of said school
builGin heating apparatus. and equip
ment. shall forthwith make report to
Prince Georges County, fully set forth
the terms and character of said con-
tracts, and the debts incurred thereby.
which report shall be entered upon the
records of the said County School
Commissioners, and the title to said
site shall be taken in the name of the
Board of County School Commissioners
of Prince Georges County.
SEC. 5. And be it further enacted,
That for the purpose of paying for the
said building site, and for the cOnstruc-
tion of said High School Building, and
the furnishing of heating apparatus and
equipment therefor. the School Comm
issioners of Prince Georges Comfy are
hereby authorized and directed to Dor
row on the endorsement of the County
Commissioners of Prince Georges
County, who are hereby directed to en-
dorse such bonds on the faith and credit
of said County, to an amount not ex-
ceeding the sum of twenty thousand
dollars ($20,OOO.O0), and to issue coupon
bonds therefor in sums of not less than
one hundred dollars ($100), nor more
than one thousand dollars $1,000, to
be signed by the President of said
Board of School Commissioners and
countersgned by the School Examiner
of said Board, with the seal of said
Board attached. and to be registered by
the said School Examiner of Prince
Georges County in separate book
kept for that purpose, and said bonds
shall bear interest at the rate OF i've
per cent. per annum, payable semi
annually, on the first day of May and
the first day of November of each year
until said bonds shall be paid, and said
bonds shall be forever exempt from all
County and Municipal taxation and
shall have printed on them Preference
to this Act as authorizing the issue
thereof"
SEC. 6. And be it further enacted,
That the School Commissioners Of
Phi; ce Georges County are hereby
a1thcr zed and directed to attain each
aud every year from the sums of money
paid to them by the County Commiss-
of Prince Georges County, for the
support of the public schools of Prince
Georges G unity a sufficient amount
of money to meet the interest and to
create a sinking fund to pay the princi-
pal of said bonds as they mature, un-
til the last of said bonds issued under
this Act shall have been paid and can
celled.
SEC. Z. And be it further enacted,
That the bonds issued under this Act
shall be dated the first day of May, 1914,
and be payable as to principal il thirty
years from the date of their issue: and
said bonds shall be advertised for sale
in two daily newspapers published in the
City of Baltimore to be selected by the
School Board of Prince Georges County,
and sold to the highest bidders for cash,
uy the School Commissioners of Prince
Georges County.
SEC g. And be it further enacted,
That the County School Commissioners
of Prince Georges Comfy shall ann
uallv deposit in some sayings institu-
ton in the State of Maryland, on inter-
est, sufficient amount of money 10
| create a sinking fund for the redemp-
ton of said bonds at their maturity,
and are hereby authorized and empoW-
cred to purchase from the proceeds OF
said sinking fund any of said bonds as
| may be offered for sale;- aud upon the
purchase of any of said bonds, or the
redemption of the same at maturity, the
County School Commissioners shall
have the said bond or bonds immediat
ely cancelled bv stamping across their
face the word cancelled" and no por
ton of said sinking fund, so set apart,
shall eve- be diverted to any other pur-
pose than to the purchase and liquida-
ton of said bonds; and should the
School Examiner of the County School
Commissioners, or any other person.
having charge of the said sinking fund.
suffer or permit the same, or any part
thereof, to be diverted from, or applied
to any other purpose, then the invest
ment thereof for the purchase of said
bonds, and the purchase and redemp-
ton of same; then the person or part
les so offending shall be deemed guilty
of a misdemeanor, and upon conviction
thereof shall be subject to fine Of not
less than twice the amount so mis-appli-
ed or diverted.
SEC. 9. And be it further enacted,
That the County SCHOOL, Examiner for
Prince Georges County shall keep a
separate account of the money applied
each year to the payment of interest on
said bonds, as well as the amount of
money deposited each year to the credit
and support of the sinking fund to
meet the principal Of said bonds at ma
turity.
SEC. 10. And be it further enacted,
That the money arising from the sale
of said bonds as provided in Section
of this Act shall be paid to the School
Examiner of Prince Georges County.
and that it may be applied for the pull
pose set forth in this Act the fnnd so
realized shall be paid by the said Shcool
Examiner to the aforesaid Building
Committee upon it's order; and the said
Building Committee is hereby authoriz-
ed and directed to pay to the contractor
nr coa'r,c actors or architect employed by
the Blu III ng Committee, in accordance
with h terms of their said contract,
upon the order of said Building Com
miltea, such sum or sums of money as
such cnntrac or or contractors are en-
titled to in the performance of their
contracts, and shall pay upon the war
rant of The Building Committee the
costs of rltns and specifications of the
W rk proposed to be done, the salary
of the Supervisor and architect, and
such other expenses as said Building
Committee may properly have incurred
10 the discharged of their duties.
SEC. IL And be it further enacted.
That the Board of County School Com {.
missioners for Prince Georges County
are hereby authorized and empowered
to use any unoccupied room or rooms
in said building, not used for High
School work, for such othe. public
school purposes as they may deem most
expedient.
SEC 10. And be it further enacted,
That this Act shall take effect from the
date of its passage.
Approved April 10Th, 1914.
P.L. GOLDSBOROUGH,
Governor.
JAMES Nice. Triple,
Spaal,ar of tho Housa Of IlelaUatas