318

LAWS OF MARYLAND.

sioners of Hyattsville of any bond issued under this Act, it
shall be immediately cancelled by the Commissioners of
Hyattsville and its treasurer by stamping, in ink, in large
letters across its face, "cancelled," and the treasurer and clerk
to the Commissioners shall enter in their respective books, as
hereinbefore provided for, opposite the number of the bond,
the date of the purchase, amount paid therefor, and the fact
of its cancellation; the said sinking fund and portions thereof
' shall not be applied to any purpose other than herein specified ;
and any person or persons having charge of the said funds, or
any portions thereof, shall cause or suffer or permit the same
to be diverted, they shall be deemed guilty of a misdemeanor,
and on conviction thereof be subject to a fine of not less than
twice the amount so diverted or misapplied.

Money from
sale of bonds.
How
disposed of.

SEC. 6. And be it enacted, That the money so arising from
the sale of said bonds, which bonds shall be sold either at
auction or by sealed bids, after due advertisement thereof, to
the highest responsible bidder, and shall not be sold for less
than par value, shall be paid to the Commissioners of Hyatts-
ville, in their corporate capacity, and be by them deposited
immediately in the name of the Commissioners of Hyatts-
ville in some safe and well-known banking institution in the
City of Washington, and in case they fail or omit so to deposit
said money, as afore directed, they each shall be held guilty
of a misdemeanor, and upon conviction of such offense be fined
in such sum or be imprisoned, or both fined and imprisoned,
as the court may see fit.

Disposition of
funds realized
from sale of
bonds.

SEC. 7. And be it enacted, That the fund realized from the
sale of the bonds, or any of them, shall be applied to the pur-
poses of this Act and no other, and shall be paid out by check
or warrant on the order of the Commissioners, drawn by the
treasurer and signed by him, the treasurer, and attested by
the clerk of the Commissioners and endorsed by the holder of
the warrant. The said Commissioners are authorized and
empowered to sell so many of such bonds and no more as shall
realize sufficient money to pay the contract price of said
water works and such other price for modifications, changes
or enlargements as may develop, if at all, in the construction
and establishment of such works as may be first permitted and
accepted by the Commissioners and agreed upon between them
and the contractor in writing, provided, the sum total of all
contracts and expenditures shall not exceed $3,000.00. And
the bonds not sold and issued shall be cancelled, as aforesaid,
and be publicly destroyed, and an entry in ink to that
effect and of the date thereof being made in the books afore-