LLOYD LOWNDES, ESQUIRE, GOVERNOR.

other person 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 purchase and redenfption
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 mis-
applied or diverted, or to imprisonment in the House of Cor-
rection for a period of not less than six months nor more than
three years, or to both such fine and imprisonment, at the dis-
cretion of the court.

825

SEC. 8. And be it enacted, That the examiner shall keep a
separate account of the money collected each year by him for
and applied towards the payment of the interestj 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. 9. And be it enacted. That the money arising from the

Separate ac-
count kept.

sales of said bonds, as provided in section six of this Act, shall
be paid to the school examiner of said 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 pay-
ment of the coupons and redemption and cancellation of the
principal thereof.

SEC. 10. And be it enacted, That the fund realized from the

Paid" t o the
school
examiner.

sale of said bonds shall be applied to the purposes set forth in
this Act, and to no other purpose, and shall be paid by the
school examiner upon the order of the said building com-
mittee, from a warrant book especially authorized by said com-
mittee, with said warrants numbered consecutively; and the
said building committee is hereby authorized and directed to
pay the contractor or contractors employed by said building
committee, in accordance with the terms of their said contract,
upon the warrant of said building committee, 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 plans and specifications of the work proposed to be
done, the salary or commissions of the supervising architect,
and such other expenses as said building committee may prop-
.erly have incurred in the discharge of its 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.

Applied to
certain
purposes