Police arrested two students on Friday and charged them with arson after an investigation into a fire earlier this month at Veterans Memorial Intermediate School. Two 14-year-olds were allegedly involved in an incident where a fire started in a boys’ bathroom, police said. On Jan. 2, school officials evacuated the South Main Road school, sending the student body out into frigid conditions, when an alarm sounded. A small fire in the boys’ bathroom activated the sprinkler system. Once fire officials were on the scene, students returned to the building and were held in the auditorium and cafeteria while firefighters ventilated the ground-floor corridor and cleaned up the standing water. Damage at the school was deemed minimal and confined to the bathroom, school officials said. Both teens were processed and released to their parents pending further court action. They were also suspended from school, district officials said.