1392 JOURNAL OF PROCEEDINGS [Mar. 25

May, 1904, and be payable, as to principal, in thirty
years from the date of their issue, and said bonds shall
be advertised for sale in two daily newspapers pub-
lished in the city of Baltimore, to be selected by the
school board and sold to the highest bidders for cash
and for not less than their face value by the School
Commissioners of Prince George's county.

"Sec. 8. And be it enacted, That the County School
Commissioners of Prince George's county, shall an-
nually deposit in some savings institution in the State
of Maryland, on interest, a 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 the said bonds as may be offered
for sale; and upon the purchase of any such bonds or
the redemption of the same at maturity, the said
County School Commissioners shall have said bond or
bonds immediately cancelled by stamping across their
face the word "cancelled," and no portion of said
sinking fund so set apart shall ever be diverted to
any other purpose than to the purchase and liquida-
tion of said bonds; and should the said examiner of the
of the County School Commissioners or any other per-
son, having charge of said sinking fund, suffer or per-
mit 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
party so offending shall be deemed guilty oi a misde-
meanor and upon conviction thereof, shall be subjected
to a fine of not less than twice the amount so mis-ap-
plied or diverted.

"Sec. 9. And be it enacted, That the County School
Examiner shall keep a separate account of the money
applied each year to the payment of interest on said
. bonds, as well as the amount of money deposited each,
year to the creation and support of the sinking tund
to meet the principal of said bonds at maturity.

"Sec. 10. And be it enacted, That the money aris-
ing from the sale of said bonds as provided in section
7 of this Act shall be paid to the School Examiner of