any person who presents the coupons at the treasury at certain
times. Registered bonds are bonds bearing the name of the person
who receives them, and payable to that person or any person to
whom he may sell or transfer them.

Fractional certificates are certificates or bonds issued for any
fractional part of one hundred dollars of the public debt. All
other bonds are issued for amounts of one hundred dollars or some
multiple of a hundred.

A bond is redeemed--that is, bought back--when it is received at
the treasury or office of the sinking fund and the amount of it is
paid to the holder. The bond is then cancelled. To cancel is to
deface or destroy so that the paper or bond cannot be used again.

A security is something given or deposited as a pledge that money
loaned shall be repaid. Debts may be due to the sinking fund by
railroad or other companies in which the State has an interest,
and securities have to be given that such debts shall be paid.

The literary fund was formed in 1810 from the sale of public
lands, some of which had been possessed by the Church in colonial
times. The fund has since been increased by the sale of lands
given to the State by Congress for public school purposes. and by
fines collected for offences committed against the State, and by
donations made by private individuals. It is called the literary
fund because it is used for purposes of education.

Register of the Land Office.