976

LAWS OF MARYLAND.

support of the public schools of said county, a sufficient
amount of money to meet the interest and create a sinking
fund to pay the principal of this said issue of bonds as they
mature until the last of said bonds issued by them under this
Act shall have been paid and cancelled ; and the said bonds
and coupons shall be made payable at Annapolis, Maryland.

Issued in
series.

SEC. 6. And be it enacted, That the said bonds shall be
issued in series and shall be admitted and sold as provided and
required by section six, chapter 275, of the Acts of the Gen-
eral Assembly of Maryland, 1896.

Reserve a
certain
sum

SEC. 7. And be it enacted. That for the purpose of redeem-
ing said bonds at their maturity, and for securing the prompt
payment thereof, the School Commissioners and School Ex-
aminer of Anne Arundel county, shall for the year eighteen
hundred and ninety -eight and annually thereafter, reserve the
sum of two hundred dollars ($200) of the principal of said
debt as aforesaid ; said two hundred dollars so annually reserved
by the School Commissioners and School Examiner of Anne
Arundel county shall be kept apart by them for such purpose
in the same manner as required by section seven of chapter
275 of the Acts of the General Assembly of Maryland of
1895, relating to the original bonds authorized to be issued for
said school building, and the penalty for violation of any of
said requirements shall be the same as prescribed by said
section.
SEC. 8. And be it enacted, That the exafniner shall keep a

Keep a
separate
account.

separate account of the money collected each year by him for
and applied toward the payment of the interest, and deposited
to meet the principal of said bonds hereby authorized at matu-
rity, and no part thereof shall be chargeable with insolvencies
allowed the treasurer on account of failure of assessment or
collections.

How to be
paid and
kept.

SEC. 9. And be it enacted, That the money arising from the
sale of said bonds as provided in section six of this Act, shall
be paid to the said school treasurer and examiner, who shall
keep an account of said money, and a registry of said bonds
according to the requirements and provisions of section nine of
chapter 275 of the Acts of the General Assembly of Maryland
of 1896, relating to the original issue of school bonds afore-
said.
SEC. 10. Andbe it enacted, That the fund realized from the

How applied.

sale of said bonds hereby authorized, shall be applied to the
purposes set forth in this Act, and to no other purpose ; and
shall be held and paid over by the School Examiner, in the