Page:The school law of Michigan.djvu/101

Rh used, any such moneys for any purpose other than in accordance with the provisions of law; nor shall he use the same for his own private use, nor loan the same without legal authority.

In all cases where public moneys are authorized to be deposited in any bank or to be loaned for interest, the interest accruing belongs to and constitutes a general fund.

In no case shall any such officer, directly or indirectly, receive any pecuniary or valuable consideration as an inducement for the deposit of any public moneys with any particular bank, person, firm, or corporation.

These provisions apply to all deputies, clerks, agents and servants of such officers, and any person guilty of a violation of this law shall, on conviction thereof, be punished by a fine not exceeding one thousand dollars or imprisonment in the county jail not exceeding six months, or both such fine and imprisonment in the discretion of the court: Provided, That nothing in this act contained shall prevent a prosecution under the general statute for embezzlement, in cases where the facts warrant a prosecution under such general statute.

Any officer who wilfully or corruptly draws or issues any warrant, order, or certificate for the payment of money in excess of the amount authorized by law, or for a purpose not authorized by law, shall be deemed guilty of a misdemeanor and may be punished as stated above.

Indebtedness and Expenses.

By wise provisions of law the expenses of districts for purchasing properly, building houses, and maintaining schools is carefully restricted so that districts may not become unduly burdened.