ALBERT C. RITCHIE, GOVERNOR. 251

the 15th day of June, 1929, and seven hundred and fifty
thousand dollars ($750, 000) of said loan shall be dated the
loth day of June, 1930. Said loan shall bear interest at
a rate to be fixed by the Governor of the State, the Comp-
troller of the Treasury and the Treasurer of the State, or a
majority of them, not to exceed four and one-half (4½%)
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 here-
inbelow specified, all within fifteen years after the issuance
thereof.

SEC. 2. And be it further enacted, That in issuing the certi-
ficates 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
letter "A" and so do down the alphabet, until the said amount
of one million five hundred thousand dollars ($1, 500, 000)
shall have been issued, so that the entire principal sum shall
be redeemable as follows:

The seven hundred and fifty thousand dollars ($750, 000)
of said loan, bearing date the 15th day of June, 1929, shall be
redeemable as follows:

	Series "A"............. "B"............. "C"............. "D"............. "E"............. "F"............. "G"............. "H"............. "I"............. "J"............. "K"............. "L"............. "M".............	Amount $44, 000 46, 000 48, 000 50, 000 52, 000 54, 000 57, 000 59, 000 62, 000 65, 000 68, 000 71, 000 74, 000	Redeemable June 15, 1932 June 15, 1933 June 15, 1934 June 15, 1935 June 15, 1936 June 15, 1937 June 15, 1938 June 15, 1939 June 15, 1940 June 15, 1941 June 15, 1942 June 15, 1943 June 15, 1944

The seven hundred and fifty thousand dollars ($750, 000) of
said loan, bearing date the 15th day of June, 1930, shall
be redeemable as follows: