EMERSON C. HARRINGTON., GOVERNOR. 11

and in addition thereto the sum of three hundred and seventy-
five dollars to meet the maturing principal of said debt.

SEC. 8. And be it enacted, That the three hundred, and
seventy-five dollars annually reserved by the said Board of
County School Commissioners and their treasurer, as provided
by the preceding Section to meet the said bonds issued by the
said Board of County School Commissioners, as provided for
in. this Act, shall be kept by them entirely separate and dis-
tinct from any other funds, and shall be accounted for by said
treasurer in his annual statement to 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 Farmers' National Bank
of Annapolis, Maryland, and the Annapolis Banking and Trust
Company, in equal quantities at three per cent, per annum
interest, for the benefit of said fund, all moneys belonging to
the sinking fund; and no portion of said sinking fund so set
apart shall ever be directed to any other purpose than to the
liquidation of said bonds; and should the treasurer or any
other person having charge of said sinking fund, suffer or per-
mit the same or any part thereof to be diverted from or
applied to any other purpose than the investment thereof for
the redemption of the same, then the person or persons so
offending shall be deemed guilty of a misdemeanor, and on
conviction thereof shall be subject to a fine of not less than
the amount so misapplied or diverted.

SEC. 9. And be it enacted, That the said treasurer of the
Board of County School Commissioners shall keep a separate
account of the money collected each year by him for and ap-
plied to the payment of the interest and deposited to meet the
principal of said bonds at maturity, and no part of which shall
be chargeable with insolvencies allowed the treasurer on ac-
count of failure of collections.

SEC. 10. And be it enacted, That the money arising from
the sales of the said bonds referred to in Section 6 of this
Act, shall be paid to the treasurer of said Board of County
School Commissioners.

SEC. 11. And be it enacted, That the funds realized from
the sale of said bonds shall be deposited as said Building Com-
mittee may direct, and be applied to the purposes set forth in
this Act, and shall be paid by the treasurer of said Board of