EMERSON C. HARRINGTON, GOVERNOR. 1539

exempt from State, County and Municipal taxation, and the
principal amount of said loan" shall be payable upon the
serial annuity plan herein, below specified, and all within fif-
teen years after the issuance thereof.

SEC. 2. And be it further enacted, That in issuing the
Certificates of Indebtedness for said loan as herein provided
in Section 1, the Governor, the Comptroller of the Treasury
and the Treasurer of this State, or a majority of them, shall
issue said certificates according to what is known, as the Serial
Annuity Plan, and each series as issued shall be lettered, be-
ginning with "A" and so on down the alphabet until the said
amount of Three Million Dollars ($3, 000, 000. 00) shall have
been issued, so that the entire principal shall be redeemable as
follows: Of the One Million Five Hundred Thousand Dollars
($1, 500. 000. 00) issue bearing date August 1, 1916:

Series "A, " $90, 000. 00—August 1, 1919.

Series "B, " $94, 000. 00—August 1, 1920.

Series "C, " $98, 000. 00—August 1, 1921.

Series "D, " $101, 000. 00—August 1, 1922.

Series "E, " $106, 000. 00—August 1, 1923.

Series "F, " $110, 000. 00—August 1, 1924.

Series "G, " $114, 000. 00—August 1, 1925.

Series "H, " $118, 000. 00—August 1, 1926.

Series "I, " $124, 000. 00—August 1, 1927.

Series "J, " $128, 000. 00—August 1, 1928.

Series "K, " $134, 000. 00—August 1, 1929.

Series "L, " $139, 000. 00—August 1, 1930.

Series "M, " $144, 000. 00—August 1, 1931.
and the remainder of said loan, viz: One Million Five Hun-
dred Thousand Dollars ($1, 500, 000. 00) bearing date Febru-
ary 1, 1917, shall be redeemed as follows:

Series "N, " $90, 000., 00—February 1, 1920.

Series "O, " $94, 000. 00—February 1, 1921.

Series "P, " $98, 000. 00—February 1, 1922.

Series "Q, " $101, 000. 00—February 1, 1923.

Series "R, " $106, 000. 00—February 1. 1924.

Series "S, " $110, 000. 00—February 1, 1925.

Series "T, " $114, 000. 00—February 1, 1926.

Series "U, " $118, 000. 00—February 1, 1927.

Series "V, " $124, 000, 00—February 1, 1928.

Series "W, " $128, 000. 00—February 1, 1929.

Series "X, " $134, 000. 00—February 1, 1930.

Series "Y, " $139, 000. 00—February 1, 1931.

Series "Z, " $144, 000. 00— February 1, 1932.