1038 LAWS OF MARYLAND.

payable as to principal in thirty years from the date of their
issue, and said bonds shall be advertised for sale in two daily
newspapers published in the City of Baltimore, to be selected
by the School Board, and sold to the highest bidder for cash
for not less than their face value, by the School Commissioners
of Prince George's County.

SEC. S. And be it enacted, That the County School Commis-
sioners of Prince George's County shall annually deposit in
some national bank in the State of Maryland on interest a
sufficient sum of money to create a sinking fund for the redemp-
tion of said bonds at their maturity, and are hereby author-
ized and empowered to purchase; from the proceeds of said
sinking fund any of the said bonds as may be offered for sale,
and upon the purchase of any such bonds or the redemption
of the same at maturity- the County School Commissioners shall
"have said bond or bonds immediately cancelled by stamping
across their face the word "Cancelled;" and no portion of said
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 of-
fending shall be deemed guilty of a misdemeanor, and upon
conviction 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 County School Superintend-
ant 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 sup-
port 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 Superin-
tendent to the aforesaid building committee upon its order.

and the said building committee is hereby authorized and di-
rected to pay to the contractor or contractors or architect em-
ployed by the said building committee in accordance with the
terms of their said contract, upon the order of said building

committee, such sums of money as such contractor or con-
tractors are entitled in the performance of their contracts, and