106

LAWS OF MARYLAND.

fund, suffer or permit the same or any part thereof to be
diverted from or applied to any other purpose than the invest-
ment thereof for the purchase of said bonds and the purchase
and redemption of the same, then the person or party so offend-
ing shall be deemed guilty of a misdemeanor, and on convic-
tion thereof shall be subjected to a fine of not less than the
amount so misapplied or diverted.

Separate
account to
be kept.

SEC. 10 And be it enacted, That the examiner shall keep
a separate account of the money collected each year by him,
for and applied to the payment of the interest and deposited
to meet the principal of said bond at maturity, and no part of
which shall be chargeable with insolvencies allowed the treas-
urer on account of failure of assessment or collections.

Money to be
paid to the
school
examiner.

SEC. 11. And be it enacted, That the money arising from,
the sale of said bonds, as provided in section seven of this
Act, shall be paid to the school examiner of said county, who
shall keep in a book for the purpose a registry of the bonds,
and the names of the purchasers, and the amount realized, and
the transfers or assignments of the same.

How to be
applied.

SEC. 12. And be it enacted, That the fund realized from
the sale of said bonds shall be applied to the purpose set forth
in this Act, and shall be paid by the school examiner upon the
order of the building committee, from time to time, from a
warrant book especially authorized by said committee, with
said warrants numbered consecutively ; and the said building
committee is hereby authorized and directed to pay to the con-
tractor or contractors, employed by 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 contrac-
tor or contractors are entitled to in the performance of the
contract and shall pay, upon the warrant of said building com-
mittee, the cost of plans and specifications of the work pro-
posed to be done, the salary of the supervising architect, and
such other expenses that said building committee may properly
have incurred in the discharge of duty ; and no part of said
proceeds of sale of said bonds shall be paid out by said
school examiner, except on the warrant of said building com-
mittee.

Effective.

SEC. 13. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved March 4, 1898.