808 LAWS OF MARYLAND. [CH. 274

tion 1, the Governor, the Comptroller of the Treasury and the
Treasurer of the State, or a majority of them, shall issue said
certificates according to what is known as a serial annuity plan,
and the series as issued shall be lettered beginning with the let-
ter "A" and so on down the alphabet, until the said amount of
one hundred and ten thousand dollars ($110, 000) shall have
been issued, so that the entire principal sum shall be redeemable
as follows:

Series Amount Redeemable

A................................. $6, 000 July 1, 1930

B................................. 6, 000 July 1, 1931

C................................. 6, 000 July 1, 1932

D................................ 7, 000 July 1, 1933

E................................ 7, 000 July 1, 1934

F................................. 7, 000 July 1, 1935

G................................. 8, 000 July 1, 1936

H................................ 8, 000 July 1, 1937

I................................. 9, 000 July 1, 1938

J................................. 10, 000 July 1, 1939

K................................. 11, 000 July 1, 1940

L................................. 12, 000 July 1, 1941

M................................ 13, 000 July 1, 1942

SEC. 3. And be it further enacted, That the Governor, Comp-
troller 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 aggregate the amount
of one hundred and ten thousand dollars ($110, 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 less sums than one hundred dollars
($100. 00), but may be issued in sums of one hundred dollars
($100. 00) 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 portion or all of said certifi-
cates may be registered, or not registered, and the said certifi-
cates, or any portion thereof, shall have interest coupons at-
tached, 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 deter-
mine.