Marvin Mandel, Governor                        1401

provided, however, that it shall not be necessary to provide for the
redemption of any part of the principal represented by any certifi-
cates for the first two (2) years from the time of the issuance of said
certificates.

The resolution authorizing the issuance of said loan or any portion
thereof shall set forth in detail the dates when any of the certificates
representing said loan or any portion thereof are to be redeemed
and the amount to be redeemed upon such dates, respectively. [, ac-
cording to the serial annuity plan applied to said loan as a whole or
to the group of certificates evidencing a part of said loan as a whole
or to the group of certificates evidencing a part of said loan issued
at a particular time, as the case may be] Said loan and certificates
and every part thereof and the interest payable thereon shall be and
remain exempt from State, County and municipal taxation.

Chapter 651 of the Acts of 1965
1.

The certificates evidencing said loan may be issued all at one time
or, in groups, from time to time, as hereinafter provided. All of
said certificates evidencing said loan, or any group thereof, shall be
issued [according to what is known as the serial annuity plan]
according to a serial maturity plan to be established in the resolution
authorizing the issuance of said loan or any portion thereof, which
plan need not be in equal par amounts or in consecutive annual in-
stallments but shall be so worked out as to discharge the principal
represented by said certificates within fifteen (15) years from the
time of its issue; provided, however, that it shall not be necessary to
provide for the redemption of any part of the principal represented
by any certificates for the first two (2) years from the time of the
issuance of said certificates.

The resolution authorizing the issuance of said loan or any portion
thereof shall set forth in detail the dates when any of the certificates
representing said loan or any portion thereof are to be redeemed
and the amount to be redeemed upon such dates, respectively. [, ac-
cording to the serial annuity plan applied to said loan as a whole or to
the group of certificates evidencing a part of said loan issued at a
particular time, as the case may be] Said loan and certificates and
every part thereof and the interest payable thereon shall be and
remain exempt from State, County and municipal taxation.

Chapter 708 of the Acts of 1965
1.

The certificates evidencing said loan may be issued all at one time
or, in groups, from time to time, as hereinafter provided. All of
said certificates evidencing said loan, or any group thereof, shall be
issued [according to what is known as the serial annuity plan]
according to a serial maturity plan to be established in the resolu-
tion authorizing the issuance of said loan or any portion thereof,
which plan need not be in equal par amounts or in consecutive
annual installments but shall be so worked out as to discharge the
principal represented by said certificates within fifteen (15) years
from the time of its issue; provided, however, that it shall not be
necessary to provide for the redemption of any part of the principal