PowerPC :: Error Installing Mac OS X On G3

I wanted to see what all the fuss was about with Macs, so I recently purchased a real cheap ibook G3 (the clamshell one), which came with no software on it but still has sound(?) Anyway, when I turn the laptop on, there is a startup sound, and then a little picture of a folder with a question mark on it. I leapt into action and bought a copy of OS X 10.0.3, which I assume is old enough to work (this machine is an ibook M2453 366mhz 320mb ram 9gb notebook), and I am not sure if that will even run anything like osx but I wanted to try. So I boot the laptop up, I get a little icon of an old mac and a little cd spinning in the upper left hand corner, it sounds like it is loading things from the cd, and nothing. I let it do that for almost an hour and nothing happened.