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Session Laws, 1908 Session
Volume 483, Page 970   View pdf image (33K)
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970 LAWS OF MARYLAND.

sinking fund so set apart shall ever be diverted to any other
purpose than to the purchase and liquidation of said bonds;
and should the said superintendent or the County School Com-
missioners or any other person having charge of said sinking
fund suffer or permit the same or any part thereof to be di-
verted 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 upon con-
viction thereof shall be subjected to a fine of not less than twice
the amount so misapplied or diverted.

SEC. 9. And be it enacted, That the County School Super-
intendent shall keep a separate account of the money applied
each year to the payment of interest on said bonds, as well as
the amount of money deposited each year to the creation and
support of the sinking fund, to meet the principal of said bonds
at maturity.

SEC. 10. And be it enacted, That the money arising from the
sale of said bonds as provided in section 7 of this Act, shall
be paid to the School Superintendent of Prince George's county,
and that it may be applied to the purpose set forth in this Act,
the funds so realized shall be paid by the said School Super-
intendent to the aforesaid Building Committee upon its order;
and the said Building Committee is hereby authorized and
directed to pay to the contractor or contractors or architect
employed by the said Building Committee in accordance with
the terms of their said contract, upon the order of said Build-
ing Committee, such sum or sums of money as such contractor
or contractors are entitled to in the performance of their con-
tracts, and shall pay, upon the warrant of the 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 their duty.

SEC. 11. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved March 23, 1908.

 

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Session Laws, 1908 Session
Volume 483, Page 970   View pdf image (33K)
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