EDWIN WARFIELD, ESQ., GOVERNOR.

489

redemption of the same at maturity by the School Examiner

they shall be immediately cancelled by stamping across them

and upon each coupon thereof "Cancelled by the Sinking

Fund;" and no portion of said sinking fund so set apart shall

ever be diverted to any other purpose than the purchase or

liquidation or redemption of the said bonds; and should the

said School Examiner or any other person having charge of the

sinking fund suffer or permit the same or any part thereof

to be diverted from or applied to any other purpose than the

investment thereof for the purchase of said bonds and the pur-

chase and redemption of the same, then the person or persons

so offending shall be deemed guilty of a misdemeanor, and on

conviction thereof shall be subject to a fine of not less than the

amount so misapplied or diverted, or to imprisonment in the

Misapplying

Maryland Penitentiary for a period not less than six months

funds a
crime.

nor more than three years, or to both such fine and imprison-

ment, in the discretion of the court.

SEC. 9. And be it enacted, That the Examiner shall keep

a separate account of the money collected each year by him for

To keep sepa-
rate accounts

and applied towards the payment of the interest and deposited

to meet the principal of said bonds at maturity, and no part

thereof shall be chargeable with insolvencies allowed the Treas-

urer on account of failure of assessments or collections.

SEC. 10. And be it enacted, That the money arising from

the sale of said bonds as provided in Section 4 of this Act

To whom

money shall

shall be paid to the School Examiner and Treasurer of the

be paid.

School Commissioners of Anne Arundel County, who

shall keep in a book for that purpose a registry of the bonds

and the names of the purchasers and the amounts realized

and the payment of the coupons and redemption and can-

cellation of the principal thereof.

SEC. 11. And be it enacted, That the fund realized from the

sale of said bonds shall be applied to the purpose set forth in

Fund to be
applied to

this Act and to no other purpose, and shall be paid by the

no other

School Examiner upon the order of the building committee

purpose.

from a warrant book especially authorized by said committee,

which said warrants shall be numbered consecutively; and the

said building committee is hereby authorized and directed to

pay the contractor or contractors employed by them in accord-

ance with the terms of their said contract upon the warrant of

said building committee such sum or sums of money as shall

be certified in such warrants that such contractor or contractors

are entitled to in the performance of the contract, and shall

pay, upon the warrant of said building committee, the cost of