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<br />. <br /> <br />e <br /> <br />-3- <br /> <br />as authorized by the Constitution and 1aWB of the Stato of Texas <br /> <br />- <br /> <br />and particularly the Bond and Warrant Law of 19,1. <br /> <br />Such Bonds shall be dated the loth day of May <br />1938, shall be numbered oonseoutively from 1 to 23 inclusive. in <br />denomination of $500 each, aggregating $11.500.00. aM. shall be <br /> <br />made to mature serially IS follows: <br /> <br />- <br /> <br />NUMBER MATURITY .AMOtT.NT . <br />1 April 10. 19;9 $500.00 <br />2 April 10.1940 $500.00 <br />3 April 10.1941 0500.00 <br />4 April 10..191.;2 ~500.00 <br />5 April 10,1943 $500.00 <br />6 April 10..1944 $500.00 <br />7 April 10..1945 0500.00 <br />8 April 10,19l.t> $500.00 <br />9 April 10..1947 $500.00 <br />10 April 10.1948 ~500.00 <br />11 April 10..1949 $500.00 <br />12 April 10..1950 $500.00 <br />13 April 10.1951 $500.00 <br />14 April 10..1952 0500.00 <br /> ---- <br />15 . J..pr11 10..1953 $500.00 <br />16 April 10..1954 $500.00 <br />17 April 10,1955 i)500.00 <br />18 April 10..1956 ~500.00 <br />19 April 10,1957 ~50~~.O0 <br />20 .April 10,l~:58 0500.CO <br />:?1 April 10..1959 t)50~).OO <br />22 April 10,1960 ;~5oo.00 <br />23 April10,196:1,' $500.00 <br />.~ , <br />...... <br /> <br />e <br /> <br />- <br /> <br />Option sha.ll be reserved to redeem any of these bonds at aIJy time <br /> <br />on or attar ten years from their date. <br /> <br />They shall bear interest at the rate of 4% per e~um. <br /> <br />payable April 10.19;9 and semi-annually thereefter on Octcber 10th <br /> <br />and April loth each year. Both prinoipal and interest ot such bonds <br />