PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 813

sioners and countersigned by the School Examiner of said Board
with the seal of said Board attached, and to be registered by the
said School Examiner of Prince George's County in a separate
book kept for that purpose, and said bonds shall bear interest at
the rate of five per cent, per annum, payable semi-annually on
the first day of May and the first day of Novemoer of each year
until said bonds shall be paid, and said bonds shall be forever
exempt from all municipal and county taxation for any purpose,
and shall have printed on them "Reference to this Act as au-
thorizing the issue thereof."

SEC. 6. And be it enacted, That the School Commissioners
of Prince George's County are hereby authorized and directed
in case it be decided to issue said bonds to retain each and every
year from the sums of money paid to them by the County Com-
missioners of Prince George's County, for the support of the
public schools of Prince George's County, a sufficient amount
of money to meet the interest and to create a sinking fund to
pay the principal of said bonds as they mature, until the last
of said bonds issued under this Act shall have been paid and
cancelled.

SEC. 7. And be it enacted, That the first bonds issued under
this Act shall be dated the first day of May, 1914, and be pay-
able as to principal in thirty years from the date of their issue;
and said bonds shall be advertised for sale in two daily news-
paper published in the City of Baltimore to be selected by the
School Board, and sold to the highest bidders for cash by the
School Commissioners of Prince George's County.

SEC. 8. And be it enacted, That the County School Com-
missioners of Prince George's County shall annually deposit in
some savings institution in the State of Maryland, on interest,
a sufficient amount of money to create a sinking fund for the
redemption of said bonds at their maturity, and are hereby
authorized 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 of said bonds, or the redemption
of the same at maturity, the County School Commissioners shall
have the 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 examiner of the County School Commissioners,
or any other person, having charge of said sinking fund, suffer
or permit the same, or any part thereof, to be diverted from, or