ALBERT C. RITCHIE, GOVERNOR. 727

and the Treasurer of the State, or a majority of them, shall
issue said certificates according to what is known as the serial
annuity plan, and the series as issued shall be lettered begin-
ning with the letter "A" and so on down the alphabet until
the said amount of seventy-two thousand dollars ($72, 000)
shall have been issued, so that the entire principal sum shall
be redeemable as follows:

	Series A B C D E F G H I J K L M	Amount $4, 000 4, 000 4, 000 5, 000 5, 000 5, 000 5, 000 6, 000 6, 000 7, 000 7, 000 7, 000 7, 000	Redeemable July 15, 1932 July 15, 1933 July 15, 1934 July 15, 1935 July 15, 1936 July 15, 1937 July 15, 1938 July 15, 1939 July 15, 1940 July 15, 1941 July 15, 1942 July 15, 1943 July 15, 1944

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 of
indebtedness of the State in good and sufficient form to aggre-
gate the amount of seventy-two thousand dollars ($72, 000)
as evidence of such loan; such certificate of indebtedness shall
bear date as of the time of their issue, as provided in Sec-
tion 1 of this Act, and shall not be issued in less sums than
one hundred ($100) dollars, but may be issued in sums of
one hundred ($100) dollars 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, payable semi-annually, and any por-
tion or all of said certificates may be registered, or not regis-
tered, and the said certificates, or any portion thereof, shall
have interest coupons attached, or said certificates, or any
portion thereof, shall not have interest coupons attached, all
as the Governor, Comptroller of the Treasury, and the Treas-
urer, or a majority of them, shall determine.