ALBERT O. RITCHIE, GOVERNOR. 135

dollars ($3, 000. 00) to be applied to the redemption or pur-
chase of these bonds as hereinafter set forth.

SEC. 5. And be it enacted, That the bonds hereby au-
thorized to be issued known as "Water System Series" shall
be callable by lot and paid off at par and accrued interest
as follows:

Those bonds bearing the numbers one (1) to fifteen (15),
both inclusive, shall be callable at any interest due date after
issue at the rate of three bonds each consecutive year.

Those bonds bearing the numbers sixteen (16) to thirty
(30), both inclusive, shall be callable at any interest due date
after May 1, 1932, at the rate of three bonds each consecutive
year.

Those bonds bearing the numbers thirty-one (31) to forty-
five (45), both inclusive, shall be callable at any interest
due date after May 1, 1937, at the rate of three bonds each
consecutive year.

Those bonds bearing the numbers forty-six (46) to sixty
(60), both inclusive, shall be callable at any interest due date

after May 1, 1942, at the rate of three bonds each consecutive

year.

Those bonds bearing the numbers sixty-one (61) to seventy-
five (75), both inclusive, shall be callable at any interest
due date after May 1, 1947, at the rate of three bonds each
consecutive year.

Those bonds bearing the numbers seventy-six (76) to
ninety (90), both inclusive, shall be callable at any interest
due date after May 1, 1952, at the rate of three bonds each
consecutive year.

All of the said bonds designated "Water System Series"
bearing the numbers ninety-one (91) to one hundred and
twenty-five (125), both inclusive, and all of the bonds desig-
nated "Refunding and Improvement Series, " bearing the
numbers one (1) to seventy-five (75), both inclusive, shall not
be callable before the date of maturity thereof.

SEC. 6. And be it enacted, That the three bonds so to
be called and paid off each year at par and accrued interest
from the sinking fund shall be designated yearly by lot and
shall cease to bear interest after the date designated for pay-
ment, provided at least thirty days notice prior thereto of