ART. 2. ] ANNE ARUNDEL COUNTY. 381

Commissioners entirely separate and distinct from any other
funds, and shall be accounted for by said treasurer in his an-
nual statement to the said Board of County School Commis-
sioners, and shall be held by the said Board of County School
Commissioners as a sinking fund for the redemption of said
bonds at their maturity, and the said treasurer shall from time
to time deposit the same in the Annapolis Banking and Trust
Company or the Annapolis Savings Institution at the best rate
of interest obtainable for the benefit of said fund, all moneys
belonging to the sinking fund or the purchase of any of said
bonds that may be for sale or redemption; and upon the pur-
chase of any such bonds or redemption of same at maturity by
the treasurer of said Board of County School Commissioners
they shall be immediately cancelled by stamping across their
face "Cancelled by the Sinking Fund; " and no portion of the
sinking fund so set apart shall ever be directed to any other pur-
pose than to the purchase and liquidation of said bonds; and
should the said treasurer or any other person having charge of
said sinking fund suffer or permit the same or any part thereof
to be diverted from or applied to any other purpose than the in-
vestment thereof for the purchase of said bonds and the pur-
chase and redemption of the same, then the person or persons so
offending shall be guilty of a misdemeanor, and on conviction
thereof shall be subject to a fine of not less than the sums so
misapplied or diverted.

SEC. 10. And be it enacted, That the said treasurer of the
Board of County School Commissioners shall keep a separate
account of the money collected by him each year for and applied
to the payment of the interest and deposited to meet the prin-
cipal of said bonds at maturity, and no part of which shall be
chargeable with insolvencies allowed the treasurer on account
of the failure of assessments or collections.

SEC. 11. And be it enacted, That the money arising from the
sale of said bonds mentioned in this Act shall be paid to the
treasurer of said Board of County School Commissioners, who
shall keep in a book for the purpose a registry of the bonds
and the names of the purchasers and the amounts realized and
the transfers or assignments of the same.

SEC. 12. And be it enacted, That the funds realized from the
sale of said bonds shall be applied to the purposes set forth in
this Act, and shall be paid by the treasurer of said Board of
County School Commissioners upon the order of the building
committees, from a warrant book especially authorized by said
building committees, with said warrants numbered consecu-
tively. And the said treasurer of said Board of County School