ALBERT C. RITCHIE, GOVERNOR. 953

amount of said loan shall be paid upon the serial annuity plan
hereinbelow specified, all within fifteen years after the issuance
thereof.

SEC. 2. And be it further enacted, That in issuing the cer-
tificates of indebtedness for said loan as herein provided in Sec-
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 Twenty-five Thousand ($125, 000) Dollars
shall have been issued, so that the entire principal sum shall be
redeemable as follows:

Series Amount Redeemable

A .......................... $ 7, 000 July 1, 1930

B .......................... 7, 000 July 1, 1931

C .......................... 7, 000 July 1, 1932

D .......................... 8, 000 July 1, 1933

E .......................... 8, 000 July 1, 1934

F .......................... 8, 000 July 1, 1935

G .......................... 9, 000 July 1, 1936

H .......................... 10, 000 July 1, 1937

I .......................... 11, 000 July 1, 1938

J .......................... 12, 000 July 1, 1939

K .......................... 12, 000 July 1, 1940

L .......................... 13, 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 twenty-five thousand dollars ($125, 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 dol-
lars ($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, pay-
able semi-annually and any portion or all of said certificates