Section 8.
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Each “interest certificate of indebtedness” so executed shall be issued and dated ninety days prior to the day and year of the date of each interest payment for which said “certificate of indebtedness” is issued by the district, and shall fall due and be paid in full with interest as aforesaid by the district six months subsequent to the due date of the last maturing serial bond of the district on which the state has agreed to pay interest; or after the district shall have issued “interest certificates of indebtedness,” each certificate shall fall due and be paid in full with interest as aforesaid six months subsequent to the due date of the last preceding “interest certificate of indebtedness” which shall have been issued by such district.