1298 LAWS OF MARYLAND. [CH. 533

the Treasurer of this State, or a majority of them, shall issue
said certificates according to what is known as the serial an-
nuity plan, and each series as issued shall be lettered, begin-
ning with the letter A, and so on down the alphabet until the
entire amount of seventy-five thousand dollars ($75, 000) shall
have been issued, so that the entire principal shall be redeem-
able as follows:

Series A........ $4, 000........ August 15, 1927.

Series B......... 4, 000........ August 15, 1928.

Series C......... 5, 000........ August 15, 1929.

Series D......... 5, 000........ August 15, 1930.

Series E......... 5, 000........ August 15, 1931.

Series F......... 6, 000........ August 15, 1932.

Series G........ 6, 000........ August 15, 1933.

Series H........ 6, 000........ August 15, 1934.

Series I......... 6, 000........ August 15, 1935.

Series J......... 7, 000........ August 15, 1936.

Series K........ 7, 000........ August 15, 1937.

Series L......... 7, 000........ August 15, 1938.

Series M........ 7, 000........ August 15, 1939.

SEC. 3. 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 aggre-
gate the amount of seventy-five thousand dollars ($75, 000) as
evidence of such loan; such certificates of indebtedness shall
bear date as of the time of their issue, as provided in Section
1 of this Act, and shall not be issued in leas sums than one
hundred dollars ($100), but may be issued in sums of one
hundred dollars ($100) or any suitable multiple thereof.
Each of said certificates shall be signed by the Treasurer of
the State and countersigned by the Comptroller of the Treas-
ury, and shall bear interest at the rate fixed by resolution of
the said Board of Public Works, payable semi-annually; and
any portion or all of said certificates may be registered, or
not registered, and the said certificates, or any portion thereof,
shall have interest coupons attached, or said certificates or any
portion thereof shall not have interest coupons attached, all
as the Governor, Comptroller of the Treasury and Treasurer,
or a majority of them, shall determine.