|
|
|
|
|
FRANK BROWN, ESQUIRE, GOVERNOR.
|
677
|
|
|
upon the purchase of any of such bonds or the redemption
|
|
|
|
of the same at maturity by the county commissioners, they
|
|
|
|
shall be immediately cancelled by stamping across their face
|
|
|
|
"Cancelled by the Sinking Fund," and no portion of said
|
|
|
|
sinking fund so levied for shall ever be diverted to any other
|
|
|
|
purpose than to the purchase and liquidation of said bonds.
|
|
|
|
And should the said county commissioners or an other per-
|
|
|
|
son having charge of said sinking fund suffer or permit the
|
|
|
|
same or any part thereof be diverted from or applied to any
|
|
|
|
other purpose than the investment thereof for the purchase
|
|
|
|
of said bonds and the purchase and redemption of the same
|
|
|
|
then the person or party 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.
|
|
|
|
SEC. 9. And be it enacted, That from the money collected
|
|
|
|
each year on account of taxes by the treasurer ; the said sum
|
|
|
|
of one thousand dollars shall be set apart for said sinking
|
Account
|
|
|
fund and a separate account of the same be kept by the
|
be kept by
treasurer.
|
|
|
treasurer and deposited to the credit of said fund, and no
|
|
|
|
part of which shall be chargeable with insolvencies allowed
|
|
|
|
the treasurer on account of failure of assessment or col-
|
|
|
|
lections.
|
|
|
|
SEC. 10. And be it enacted, That the money arising from
|
|
|
|
sales of said bonds as provided in section six of this act shall
|
Bonds
|
|
|
be paid to the treasurer of said county, who shall keep in a
|
sold.
|
|
|
book for the purpose, a full registry of the bonds sold, the
|
|
|
|
different series, the numbers of the bonds and the names of
|
|
|
|
the purchasers and amounts realized on sales and any trans-
|
|
|
|
fers or assignment of the same.
|
|
|
|
SEC. 11 . And be it enacted, That the fund realized from
|
|
|
|
the sale of said bonds shall be applied to the purposes set
|
|
|
|
forth in this act and shall be paid by the treasurer upon
|
Paid
by the
|
|
|
the order of the county commissioners as other county
|
treasurer.
|
|
|
funds are paid out, and the said county commissioners are
|
|
|
|
hereby authorized and directed to pay to the contractor or
|
|
|
|
contractors employed by the said building committee in
|
|
|
|
accordance 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 con-
|
|
|
|
tractor or contractors are entitled to in the performance of
|
|
|
|
the contract and shall pay upon the warrant of said build-
|
|
|
|
ing committee the cost of plans and specifications of the
|
|
|
|
work proposed to be done ; the salary of the supervising
|
|
|
|
architect and such other expenses that said building com-
|
|
|
|
mittee may properly have incurred in the discharge of their
|
|
|
|
|
|
|