EMERSON C. HARRINGTON, GOVERNOR. 801

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, on inter-
est, for the benefit of said fund, all moneys belonging to the
sinking fund or in the purchase of any said bonds that may
be offered for sale and redemption; and upon the purchase of
any such bonds or redemption of the 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 said
sinking fund so set apart shall ever be diverted to any other
purpose than to purchase and liquidation of said bonds; and
should the same 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 investment thereof for the purchase of said bond
and the purchase and redemption of the same, then the person
or persons so offending shall be deemed guilty of a misde-
meanor, 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 assessment or collections.

SEC. 10. And be it enacted, That the money arising from
the sales of said bonds, as provided in Section 6 of 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 amount realized, and the transfers or assignments of the
same.

SEC. 11. And be it enacted, That the funds realized from
the sale of said bonds shall be applied to the purpose set forth
in this Act, and shall be paid by the Treasurer of said Board
of County School Commissioners upon the order of the Build-
ing Committee, from a warrant book especially authorized by
said Committee, with said warrants numbered consecutively;
and the said Treasurer of said Board of County School Com-
missioners is hereby authorized and directed to pay to the
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