370 LAWS OF MARYLAND.

from taxation for any purpose, and shall have printed on them
a distinct reference to this Act as authorizing the issue thereof.
The cost of engraving and printing said bonds shall be paid
from the money realized from their sale.

SEC. 2. And be it further enacted, That the bonds authorized
in this Act shall be dated from the first day of May, in the year
1908, and shall mature and be redeemable on the first day of
May, in the year 1941; and said bonds shall be advertised and
sold by the Board of County School Commissioners to the
highest bidder for cash, and they shall not be sold for less than
their face value. The money arising from such sale shall be
paid to the treasurer of said board, and be by him disbursed
upon the order of the building committee of the said Annapo-
lis high school from a warrant book duly authorized by the
committee; and no part of said money shall be diverted from
the purposes specifically mentioned in this Act. It shall be the
duty of the said treasurer to keep a registry of said bonds in a
book provided for that purpose, and in which shall be entered
the name or names of the purchaser or purchasers, the amounts
held by him, her or them, and all transfers and assignments of
said bonds, whenever the bonds or any of them are transferred
or assigned.

SEC. 3. And be it further enacted, That for the purpose of
redeeming said bonds at their maturity, and for securing the
prompt payment of the semi-annual interest thereon, the Board
of County School Commissioners of Anne Arundel county shall,
in the year 1908, and annually thereafter, reserve from the sums
of money appropriated to them by the County Commissioners
of said county for the support of the public schools therein, a
sufficient amount to pay the semi-annual interest on said bonds
when and as the same may be due and payable, and in addi-
tion thereto one hundred and fifty dollars to meet the principal
of the bonded debt hereby created, which said sum of one hun-
dred and fifty dollars shall be annually reserved and deposited
at interest, as hereinafter provided, until such time as the
accumulated yearly deposits, together with the increment, of
interest thereon shall be sufficient to pay off said bonds at
their maturity, if none of them are offered for redemption an-
terior to the first day of May, in the year 1941. The Board of
County School Commissioners may, however, at any time when
the sinking fund hereby provided and the increment of interest
thereon reaches the sum of five hundred dollars or over, redeem
any of said bonds that may be offered for redemption to the
amount of the sinking fund at the time of such offer. Any
bond or bonds so presented for redemption and accepted and
paid by the Board of County School Commissioners, and all of