ALBERT C. RITCHIE, GOVERNOR.

627

and the County Superintendent. Said bonds shall be dated on
the date of their issue and shall bear interest at a rate to be
fixed in the resolution of the Board of County Commissioners
of Prince George's County, hereinbefore mentioned, not to
exceed five per cent. (5 %) per annum, payable semi-annually
in each and every year until maturity, shall be exempt from all
county, State and municipal taxation, shall have printed on
them a reference to this Act as authorizing the issue thereof,
and may be registered as to the principal by the County Super-
intendent in a separate book to be kept by him for that purpose,
if such registration is desired at any time by any holder there-
of. 'The principal and interest thereof shall be payable at
some bank or trust company to be determined by said Board
of Education and the place of payment shall be stated on the
bonds and coupons. In case such bonds or any of them shall
be issued in any year after the making of the annual levy for
that year by the County Commissioners of Prince George's
County, then said Board of County Commissioners of Prince
George's County is authorized and directed to pay any and
all interest coming due before the next levy out of any other
funds in their disposal and to levy at the next levy to reim-
burse such other funds.

Said bonds shall be issued according to what is known as the
serial annuity plan, and each issue shall be in series, lettered
in accordance with the following table. If the entire amount of
two hundred and seventy-five thousand dollars ($275, 000. 00),
authorized herein shall be issued at one time, then the entire
principal sum shall be redeemed as follows:

Series "A" $2, 000—Two years after date of issue
"B" 2, 000—Three years after date of issue
4, 000—Four years after date of issue
6, 000—Five years after date of issue
8, 000—Six years after date of issue
10, 000—Seven years after date of issue
10, 000—Eight years after date of issue
10, 000—ISTine years after date of issue
10, 000—Ten years after date of issue
10, 000—Eleven years after date of issue
10, 000—Twelve years after date of issue
10, 000—-Thirteen years after date of issue

Series
Series
Series
Series
Series
Series
Series
Series
Series

"D"

aE"
«F;:

aG"
"H"

ay??

Series "K"

Series "L"

Series "M"  10, 000—Fourteen years after date of issue

Series "N"  10, 000—Fifteen years after date of issue

Series "O"  10, 000—Sixteen years after date of issue