Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1919-02-26
HOMES FOR IOWA
HEROES OF WAR
Bill to Permit HOnOrably Discharged
Soldiers and Sailors of Iowa to
Build or Buy Their Own
Homes
10 YEARS TIME TO
PAY BACK THE MONEY
Soldiers or Sailors Must Possess Less
Than $1,000 to be Able to Take
Advantage of the Bill

] lnan SS,OOO TO De Able to Take
Advantage of the Bill
lowa's service men, honorably dis
charged in the world war are pro-
vided with means of building or
buying their own homes in a bill in
troduced in the house by Represen-
tative Nebiker of Des Moines county
The measure is by far the most
comprehensive plan of it's kind which
has yet been suggested.
1t provides means for raising ST.
000,000sa year for five yeaM or a
total sum of 100000 to be Raned
by the state to the honorably dis
charged soldiers, sailors and ma
rines, without interest, for the erec-
tion or purchasing of home.
,. Must Be Iowa Citizens.
Those taking advantage of the
act must be citizens of the state.
They must possess less than $2,-
900.
Each loan is limited to this
amount, and can be used for no other
purpose than the purchase or build
ing of home for the soldier or
sailor and his family.
Fifteen years time is given in
which to pay the money back.
In order that the money may be
provided soon the bill authorizes
the state executive council to issue
warrants in amounts from $100 to
$1,000, bearing not to exceed per
cent interest, which may be pur-
chased by anyone This feature will
allow everyone to help the men who
have seen service to provide them
selves with a homestead. 1t is siml-
lar in form to the Liberty bond is
isues. ."-..@
How to Get the Money.
Any man who has seen service
either in the United States or abroad
who desires to take advantage OF
the act in the event it is adopted, will
make application to the clerk of the
District court in the county in which
he resides. The district judge then
is directed to hold hearing on the
application and determine whether
the loan is warranted and the appli-
cant properly qualified. *....
When this is done the District
court clerk certifies the application
as passed on by the judge to the
county treasurer, who III turn applies
to the state treasurer.
The money at no time is in the
hands of the borrower.
Money to Contractor.
The bill provides that the money
shall be paid directly to the con-
tractor who builds the home or the
person from whom it was purchased.
In paying the money back, the
soldier or sailor pays amounts in to
the county treasurer in installments.
either monthly or as may be desired
or all at one time. Fifteen years is
given before final payment must be
made.
The porperty in the meantime Is
mortgaged, no interest to accrue
but in the event of failure to maxi
payments may be foreclosed, the
money to be returned to the state
treasurer and placed in the building
fund.
Goes Eventually to Roads.
At the expiration of the act. all
money in the building fund, which
theoretically will be s5,00O,00O, is
to be distributed among the count
les of the state according to the tax
able valuation of property and used
for the construction and maintain
ance of hard surfaced roads.
Five years time is allowed every
, honorably discharged soldier, sailor
, or marine in which to make appli'
cation under the act. Under this pro
vision the act would terminate IN
twenty years.
The bill is in line with the poiicS
outlined by Governor Harding III
his biennial address in which he
urged legislation to provide help and
ibon,o, fnr mon returninp from ser.