The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1918-05-17

General Assembly of Maryland of 1916,
IN excess of the sum of One Hundred
Thousand (S1OO, 900 0O Dollars.
SEC. 6. And be it further enacted,
That the Board of Education of Prince
Georges County is hereby authorized
and 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 enac!e ed, That the
bonds issued under this Act shall be dat
ed the first day of January, 1919, and be
payable as to principal ia Thirty-hve
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 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, sufficient
amount of money to create a 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 &C
cross their face the word "Cascelled, "
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 sinkin G
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. the purchase of
said bonds, and the purchase and re-
demption of the same; then the person
or parties 80 offending shall be deemed
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 separate
account of the money applied each yea
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 maturity.
SEC 10. And be il further enacted,
That the money arising from the sale
of said bonds as provided in Section 8
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 disbursed BY the said County
Superintendent of Schools upon the
written orders of the aforesaid building
committee to the granto" or grantors of
said campus and sch sol sites and to the
contractor or contractors and architect
employed by the building committee in
spective contracts
SEC II And be it further enacted,
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 inconsisj-
ency.
SEC. 49, 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 9. HARRINGTON,
Governor
HERBERT R. WOODEN,
Speaker of the House of Delegates
PETER J. CAMPBELL.
President of the Senate.
Office of the Chief Clerk of the House:
hereby certify. That the aforegoing
is true copy of an Act of the General
Assembly of Maryland, passed at the
January Session, 1918.
j. ROBINSON,
Chief Clerk.