Evening capital and Maryland gazette., 1916-05-20
PUBLIC LOCAL LAWS
FOR ANNE ARUNDEL COUNTY.

the fourth series, twenty years after
date; and said bonds shall be advert.s
ed at least twenty days in some news
paper of Anne Arundel county, and sold
to the highest bidder, for cash, by the
Board of County School Commissioners
of Anne Arundel county, provided said
bonds shall not be sold for less than
their face value.
Sec. 4. And be it enacted, That for
the purpose of redeeming the said
bonds at their maturity, and for setur
ing the prompt payment of the interest
thereon, said Board of County School
Commissioners and their treasurer shall
for the year nineteen hundred and sN
teen, and annually thereafter, reSe we
sufficient sum to pay the semi-anrusl
interest on said bonds, and in addit on
thereto the sum of two hundred ami
thirty five dollars to meet the matm ug
principal of said debt.
Sec. 5. And be it enacted, That the
two hundred and thirty five dollars au
nually reserved by the said Board of
County School Commissioners and tleir
treasurer, as provided by the preceding
section to meet the said payments Of
said bonds issued by the Board Of
County School Commissioners, as pro
vided for in this Act, shall be kept by
them entirely separate and distinct
from any other fund, and shall be ac-
counted for by said treasurer in his an
nual statement to the said Board of
County School Commissioners as a sink
ing fund for the redemption of said
bonds at their maturity; and the said
treasurer shall each year deposit in the
Farmers National Bank of Annapolis.
Maryland, at three per cent. per an
mum interest for the benefit of ,ai3
fund, all moneys belonging to the sink
ing fund; and no portion of said : INK
ing fund, so set apart, shall ever be
| directed to any other purpose than TO
the liquidation of said bonds; aud
should the treasurer or any other per.
son having charge of said sinking fund,
suffer or permit the same or any part
thereof to be diverted from or applied
| to any other purpose than the invest.
ment thereof for the redemption of the
same, then the person or persons so of
| Tending shall be deemed guilty of "A
misdemeanor, and on conviction thereof
shall be subject to a fine of not less
than the amount so misappled or di
verted.
Sec. g. And be il enacted, That the
said treasurer of the Board of County
| School Commissioners shall keep a sep
| arate account of the money collected
each year by him for and applied to the
| payment of the interest and deposited
to meet the principal of said bonds at
maturity, and no part of which shall be
| chargeabls with insolvencies allowed
| the treasurer on account Of failure Of
collection.
Sec. T. And be it enacted, That the
| money arising from the sales of the
said bonds referred to in Section Of
this Act, shall be paid to the treasurer
of said Board of County School Com
missioners.
Sec. s. And be it enacted, That the
funds realized from the sale of said
bonds shall be applied to the purposes
set forth in this Act, and the treasurer
of said Board of County School Com
missioners shall pay to the contra tor
or contractors employed by said Board
of County School Commissioners, in ac
| cordance with the terms of their said
contract or contracts, and by order of
said Board of County School Commits
sioners, such sum or sums as such con
tractor or contractors are entitled 10 in
the performance of the contract or con
tracts; and no part of said proceed Of
sale of said bonds shall be paid out by
said Board of County School Commi.
siOners.
| Sec. 8. And be it enacted, That the
| Board of County School Commissioner
shall, as speedily as possible, procure
and adopt plans and specifications for
the erection of said annexes or add
tions and as said plans and specifca
tions are determined upon, said Board
of County School Commissioners shall
invite sealed proposals by advertise
| ment for reasonable time for the con
struetion and completion of said work
which proposals shall be sent in sealed
envelopes in care of County School Su-
perintendent of Anne Arundel county.
addressed to the President of said
Board of County School Commission.
ers, and shall be publicly opened on the
day and at the hour named in said ad
vertisement, and said proposals setting
forth the amount of money for which
the parties proposing will complete the
annexes or additions according TO the
plans and specifications, and the time
or times at which payment therefor
shall be made, and the time when said
annexes or additions shall be compet-
ed; and the said Board of County
School Commissioners may reject any
or all bids, or may award the contract
to the lowest responsible bidders upon
such bidders giving bonds to the State
of Maryland in such penalty as said
/ Board of County School Commissioners
shall determine, conditioned for the
faithful discharge of the contracts en-.
tered into, which bonds shall be liable
a. the suit of the Board Of County
School Commissioners of Anne Arundel
county for violations of their eondi-
tions; and said Board of County School
| Commissioners is hereby authorized TO
name one of its own members and the
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