ANNUAL MEETING. 55 



Statutes of the revision of 1901, and other matter properly connected 

 therewith and providing for an emergency," approved February 17. 1905, 

 and fully set forth at pages 17, 18 and 19, Acts of Indiana, 1905, bonds of 

 the said Indiana State Board of Agriculture be issued in the sum of 

 eighty thousand dollars ($80,0(0.) 



Further, that said bonds shall be of the denomination of $500 each, 

 with interest coupons at 3J per cent, per annum, principal and interest 



both payable at ; interest payable semi-annually and as 



evidenced by the coupons. 



Said bonds shall be numbered from 1 to 160 consecutively, and dated 

 October ...., 1905, and signed by the President and Secretary and at- 

 tested by the corporate seal of the Board. The principal of said bonds 

 shall be payable as follows: 



Bonds 1 to 40, inclusive, shall be payable at any interest-bearing period 

 at the option of the said Board after the expiration of nine years from 

 date and until the expiration of twenty years from date, at which time 

 said bonds shall become due and payable in full, and shall be known as 

 the first series. 



Bonds 41 to 80, inclusive, shall be payable at any interest-bearing 

 period, at the option of said Board after the expiration of ten years from 

 date and until the expiration of twenty years from date, at which time 

 said bonds shall become due and payable in full and shall be known as 

 the second series. 



Bonds 81 to 120. inclusive, shall be payable at any interest-bearing 

 period, at the option of said Board after the expiration of eleven years 

 from date and until the expiration of twenty years from date, at which 

 time said bonds shall become due and payable in full and shall be known 

 as the third series. 



Bonds 121 to 160, inclusive, shall be payable at any interest-bearing 

 period, at the option of said Board after the expiration of twelve years 

 from date until the expiration of twenty years from date, at which time 

 said bonds shall become due and pAyable in full, and shall be known as 

 the fourth series. 



Be it further resolved. That for the purposes of securing the payment 

 of such bonds the Fresident and Secretary of said Board are hereby 

 authorized, empowered and directed to execute a mortgage on the real 

 estate owned by the Board, known as the Indiana State Fair Grounds, 

 situate in Marion County, Indiana, and described as follows, to wit: 



Part of the southwest fractional quarter and part of the south- 

 east quarter, all in section eighteen (18), township sixteen (16), 

 north range four (4) east, in Marion County, State of Indiana, de- 

 scribed as follows: 



Beginning at the southwest corner of said section and running 

 east with the south line thereof twenty-six hundred and eighty 



