The degenerated second order ordinary differential quadratic pencil with constant coefficients is considered. The case is studied, when the roots of characteristic equation lie on a straight line coming through the origin and on the both side of the origin. Properties of the system of its eigenfunctions in the spaces L2[0,σ], σ > 0 is investigated. Criteria of one-fold completeness and minimality of this systemareprovedandsufficientconditionsofone-foldcompleteness and minimality are found.