1270 LAWS OF MARYLAND. [CH. 633

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That in order to provide for part of the cost of secur-
ing property and constructing a plaza in connection with the
Fifth Regiment Armory in Baltimore City, a loan is hereby
created to be known as the "Fifth. Regiment Armory Plaza
Loan of 1927, " to the amount of one hundred and fifty thou-
sand dollars ($150, 000). Said loan shall be dated the first
day of August, 1928, and shall bear interest at a rate to be
fixed by the Governor of the State, the Comptroller of the
Treasury and the Treasurer of the State, or a majority of
them, not to exceed four and one-half (4 1/2) per centum per
annum, and the said interest shall be paid semi-annually, and
the said loan and every part thereof and the interest payable
thereon, shall be and remain exempt from State, county and
municipal taxation, and the principal amount of said loan
shall be paid upon the serial annuity plan herein below speci-
fied, all within fifteen years after the issuance thereof.

SEC. 2. And be it further enacted, That in issuing the
certificates of indebtedness for said loans as herein provided
in Section 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 be-
ginning with the letter " A" and so on down the 'alphabet,
until the said amount of one hundred and fifty thousand dol-
lars ($150, 000) shall have been issued, so that the entire prin-
cipal sum shall be redeemable as follows:

Series	Amount	Redeemable
"A"	$9, 000	August 1, 1931
"B"	9, 000	August 1, 1932
"C"	9, 000	August 1, 1933
"D"	10, 000	August 1, 1934
"E"	10, 000	August 1, 1935
"F"	10, 000	August 1, 1936
"G"	10, 000	August 1, 1937
"H"	12, 000	August 1, 1938
"I"	13, 000	August 1, 1939
"J"	14, 000	August 1, 1940
"K"	14, 000	August 1, 1941
"L"	15, 000	August 1, 1942
"M"	15, 000	August 1, 1943

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