The release shall contain an obligation that the said funds shall be applied by the Board of School Commissioners to the use and support of the public schools of the City of Baltimore, and shall be recorded and preserved in said court as other records are. P.L.L., 1860, §832 1888, §784 1915, §811 1927, §811 1930, §811 1938, §1005 1949, §625 1969, §19-4 1898, ch. 123, §811