ALBERT C. RITCHIE, GOVERNOR. 91

Certificate No. 19—Construction Loan of 1920, Series "Y",
4½% due Aug. 15, 1935, issued in place of bonds Nos. 1 to
47 Inclusive, in State Loan of 1912 Sinking Fund..... $47, 000. 00

Certificate No. 20—Construction Loan of 1920, Series "Z",
4½% due Aug. 15, 1936, issued in place of bonds Nos. 1 to
49 inclusive, in State Loan of 1912 Sinking Fund.... $49, 000. 00

Certificate No. 22—Three Million Dollar Loan of 1916, Series
"W", 4% due Feb. 1, 1929, issued in place of bonds
Nos. 112 to 113 inclusive, in Technical School Loan of 1912
Sinking Fund........................................................... $2, 000. 00

Certificate No. 12—Lateral & Post Roads Loan of 1920, Series
"H", 4½% due Aug. 15, 1930, issued in place of bonds
Nos. 55 to 103 inclusive, in Technical School Loan of 1912
Sinking Fund....................................................... $49, 000. 00

Certificate No. 11—Construction Loan of 1920, Series "T",
4½% due Aug. 15, 1930, issued in place of bonds Nos.
32 to 38 inclusive, in Technical School Loan of 1912 Sink-
ing Fund.............................................................. $7, 000. 00

Certificate No. 12—Construction Loan of 1920, Series "U",
4½% due Aug. 15, 1931, issued in place of bonds Nos.
1 to 24 inclusive, in Technical School Loan of 1912 Sink-
ing Fund.......................................................... $24, 000. 00

Certificate No. 14—Three Million Dollar Loan of 1916, Series
"W", 4% due Feb. 1, 1929, issued in place of bonds Nos.
114 to 115 inclusive, in Maryland State Normal School
Loan Sinking Fund.......................................... $2, 000. 00

Certificate No. 16—Lateral & Post Roads Loan of 1920, Series
"I", 4½% due Aug. 15, 1931, issued in place of bonds
Nos. 79 to 105 inclusive, in Maryland State Normal School
Loan Sinking Fund............................................. $27, 000. 00

Certificate No. 17—Lateral & Post Roads Loan of 1920, Series
"J", 4½% due Aug. 15, 1932, issued in place of bonds
Nos. 106 to 122 inclusive, in Maryland State Normal School
Loan Sinking Fund............................................... $17, 000. 00

Certificate No. 10—Construction Loan of 1920, Series "T"
4½% due Aug. 15, 1930, issued in place of bonds Nos. 4
to 31 inclusive, in Maryland State Normal School Loan
Sinking Fund................................................. $28, 000. 00