1904.] OF THE HOUSE OF DELEGATES. 1391

it shall report the same to the Board of County School
Commissioners, with the terms and conditions of such
contracts, and they shall also report the costs and ex-
penses incurred and paid from time to time.

"Sec 5. And be it enacted, That for the purpose of
paying for said lot or lots and for the erection and
furnishing of said public school building, the School
Commissioners for Prince George county, are hereby
authorized and directed to borrow on the endorse-
ment of the County Commissioners of Prince George
county who are hereby directed to endorse such bonds
on the faith and credit of said county, an amount not
exceeding the sum of ten thousand dollars, and to
issue coupon bonds therefor in sums of not less than
one hundred dollars, and not more than one thousand
dollars each, to be signed by the President of said
Board of School Commissioners, and counter-signed by
the School Examiner of said Board, with the seal of
said Board attached, and to be registered by the said
School Examiner of Prince George's county, in a
separate book kept for that purpose, and said bonds
shall bear interest at the rate of five per cent, per an-
num, payable semi-annually on the first day of May
and the first day of November, each year, until said
bonds shall be paid, and said bonds shall be forever
exempt from all taxation for any purpose, and shall
have printed on them reference to this Act as auth-
orizing the issue thereof"

"Sec. 6. Be it enacted, That the School Commis-
sioners of Prince George county are hereby authorized
and directed to retain each and every year from the
sums of money paid to them by the County Commis-
sioners of Prince George's county for the support of
the public schools of Prince George's county, a suffi-
cient amount of money to meet the interest and to
create a winking 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,
should said bonds be issued and endorsed as afore-
said.

"Sec. 7. And be it enacted. That the first bonds is-
sued under this Act shall be dated the first day of