The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1918-05-24
General Assembly of MARYLAND of 1916,

G6n6ral Assembly Vi MdISIauu VI i0ioi 1
IN excess of the sum of One Hundred
Thousand ($10O, 900 00) Dollars.
SEC. g. And be it further enacted,
That the Board of Education of Prince
Georges County is hereby authorized
aud directed to retain each and every
year from the sums of money paid to
Them by the County Commissioners of
Prince Georges County sufficient
amount of money to meet the interest
and to create sinking fund to pay the
principal of said bonds as they mature,
until the last of said bonds issued
under this Act shall have been paid
and cancelled.
Sec. And be it further enacted, That the
bonds issued under this Act shall be dat
ed the first day of January, 1919, and be
payable as to principal in Thirty-flve
years from the date of their issue; and
said bonds shall be advertised for sale
in two daily newspapers published III
the City of Baltimore to be selected by
the Board of Education of Prince
Georges County and sold to the high
est bidder for cash by the Board OF
Education of Prince Georges County.
Sec. 8. And be it further enacted,
That the Board of Education OF Prince
Georges County shall annually deposit
in some saving institution in the State
of Maryland, on interest, a sufficient
amount of money to create sinking
fund for the redemption of said bonds
at their maturity, and are hereby
authorized and empowered to purchase
from the proceeds of said sinking fund
any of said bonds as may be offered for
sale; and upon the purchase of any of
said bonds, or the REDEMPTION of the
same at maturity. the Board of Educo-
ton shall have the said bond or bonds
Immediately cancelled by stamping ac-
cross their face the word "Caacelled,
and no portion of said sinking fund, SO
| act apart, shall ever be diverted to any
other purpose than to the purchase and
| liquidation of said bonds; and should
the County Superintendent of schools,
or the Board of Education, or any other
| person. having charge of said sinking
| fund, suffer or permit the same, or any
| part thereof, to be diverted from, or
| applied to any other person, than the
| investment thereof for tie purchase Of
| said bonds, and the purchase aud re-
| demption of the same; then the person
or parties so offending shall be deemed
| guilty of a misdemeanor, aud upon con-
viction thereof shall be subjected to a
| fine of not lefs than twice the amount
so misapplied or diverted or to confine-
ment in the House of Correction for
not more than one year or both such
such fine and Imprisonment.
| SEC. 9 And be it further enacted,
That the County Superintendent of
schools aforesaid 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 ano
support of the sinking fund to meet the
principal of said bonds at maturity.
SEC 10. And BE- il further enacted,
That the money arising from the sale
of said bonds as provided in Section 5
of this Act, shall be paid to the County
Superintendent of schools; and that it
may be applied fo- the purpose set
forth in this Act, the fund so realized
shall be disburscu by the said County
Superintendent of Schools upon the
written orders of the aforesaid building
committee to the grantor or grantors OF
said campus and school sites ana to the
| contractor Orscontract"rs and architect
employed by the building committee in
| accordance with the terms of their re-
i spective contracts.
L OhC IL huO OS ~ ShoSeNN
That the County Board of Education
| for Prince Georges County are hereby
| authorized and empowered to have a
| suitable room or rooms in said building
not used for such school work, for such
public school purposes as they may
deem most expedient subject to the APP
prevail of the Building Committee.
SEC 10. And be it further enacted
That all Acts or parts of Acts
inconsistent with the provisions of this
Act be, and the same are hereby repeal
ed to the extent of any such inconsis-
| ency.
SEC. Is. And be it further enacted.
That this Act shall take effect on the
first day of June, nineteen hundred and
| eighteen.
Approved April is, 1918
EMERSON &. HARRINGTON,
Governor.
HERBERT R. WOODEN,
Speaker of the House Of Delegates
PETER ]. CAMPBELL.
President of the Senate.
Office of the Chief Clerk of the House:
l hereby certify, That the aforegoing
is true copy of an Act of the General
| Assembly of Maryland, passed at the
January Session, 1918.
J. J. ROBINSON,
l