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Session Laws, 1922
Volume 563, Page 997   View pdf image (33K)
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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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Session Laws, 1922
Volume 563, Page 997   View pdf image (33K)
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