ALBERT C. RITCHIE, GOVERNOR. 997
SEC. 22. And be it further enacted. That in issuing the
certificates of indebtedness for said loan as herein provided in
Section 21, 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-
gining with the letter "a", and so on down the alphabet, until
the said amount of $9,000,000.00 shall have been issued, so that
the entire principal shall be redeemable as follows:
Series A...........................$522,000 Jan. 1, 1926
Series B.......................... 546,000 Jan. 1. 1927
Series C.......................... 576,000 Jan. 1, 1928
Series D.......................... 594,000 Jan. 1, 1929
Series E.......................... 624,000 Jan. 1, 1930
Series F.......................... 654,000 Jan. 1, 1931
Series G.......................... 684,000 Jan. 1, 1932
Series H.......................... 714,000 Jan. 1, 1933
Series' I........................... 750,000 Jan. 1, 1934
Series J........................... 780,000 Jan. 1, 1935
Series K.......................... 822,000 Jan. 1, 1936
Series L.......................... 852,000 Jan. 1, 1937
Series M?.......................... 882,000 Jan. 1, 1938
SEC. 23. And be it further enacted, That the Governor,
Comptroller of the Treasury and Treasurer, constituting the
Board of Public Works, or a majority of them, are hereby
authorized and directed to have prepared proper certificates of
indebtedness of the State in good and sufficient form to ag-
gregate the amount of nine million dollars ($9,000,000.00) as
evidence of such loan; such certificates of indebtedness shall
bear date as of the time of their issue, as provided in Section
21 of this Act, and shall not be issued in less sums than one
hundred dollars ($100) but may be issued in sums of one
hundred dollars ($100) or any multiple thereof. Each of
said certificates shall be signed by the Treasurer of the State
and countersigned by the Comptroller of the Treasury, and
shall bear interest at the rate fixed by resolution of the said
Board of Public Works, payable semi-annually; and any por-
tion or all of said certificates may be registered, or not reg-
istered and the said certificates, or any portion thereof, shall
have interest coupons attached, or said certificates, or any por-
tion thereof, shall not have interest coupons attached, all as the
Governor, Comptroller of the Treasury and Treasurer, or
majority of them, shall determine.
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