The Oroville weekly gazette. [volume] (Oroville, Wash.) 1905-19??, 1920-10-01

tilcates to enable them 70 accept ,si,. vei
lapphcations. The state auditor 10 herah,
ar,nti,,I i1eu ana directed to prepare sucn
pruning ana office supplies and eouin-
hent. and to employ such persons as ma =
pe necessary in order to property carr
OUT the provisions of this act, and ali ar.
r,at,os ~ incurred py him in the adminis-
| ration OF this act shall be paid bv Wa
sauon kund Soi"peh-
Inc adJutant general shall advise with
anu ASSIST the state auditor in the mar
iormance of the duties OF the a,,diror Pc, 10,
uer TINS act, and when SO called upon the
lauJutait general may employ such ner
D suns anu incur such expenses as NAV be
Ineeessaiy' such expenses to be paid nv
Warrants urawn upon the Veterans Com.
Ipensatlon Fund.
Inc auditor and the adjutant general
may require persons employed by them
uHuer thls act to furnish good and suffi
cieht surety bonds to the Stare of Wash-
ihstoh Tor the faithful performances of
tneif duties and the premiums upon said
po,us " shail be payable nom the Veterans
ICompensation h und
Sectlon b. The state auditor NAV in his
u,svietiolt .,stl issue warrants under the pro-
Visions OF this act in anticipation of the
saie oi the bonds herein authorized
Section =. For the purpose OF providing
means Tor the payment of compensation
hereunder and Tor paying the expenses
vi administration. there shall be issued
anu SOLD bonds of the state of Washington
=
Voo,Voo): provided, That ii the proceeds
Oh the sale or such bonds be insufficient
70 pay the compensation herein allowed.
tnen suiiicent additional bonds to nav
sucil compensation shall be issued and
soiu. Inc issuance. sale and retirement of
said bonds shall be under the general
lsuperVlsion and control of the State
Board of Finance. The State Board of FL
nance may, in its discretion, provide for
the issuance of coupon or registered
polus 10 be dated, issued and sold from
tlihe TO time and in such amounts as may
pc necessary TO make the payments pro-
lVided for by this act Each of such bonds
snail be made payable at any time NOT
lexceeding twenty years from the date ST
itS issuance with such reserved rights
ioi PRIOR redemption as the State Board of
iinahce may prescribe to be specified
therein. The bonds shall be signed py
the governor and the state auditor under
,ue sea- Oh The state; and any coupons
attached to such bonds shall be signed
| py the same officers. whose signatures
thcreon may be in facimile and such
bonds shah bear interest at a rate not to
exceed SIX per cent per annum, which
bonds shall be sold for not less than par'
ANY bonds may be registered-in the name
Ioi the holder on presenta ton to the state
treasurer or at the fiscal agency of the
otate OF washington in New York as to
principal alone or as to both principal and
interest, under such regulations as tn,
state treasurer may prescribe. Said bonds
snan De In form embodyng an absolute
pay both principal and interest in gold
coin of the United States of pre- SO A. stan
oard value, at such place or places as
the State Board of Finance NAV provide
ma shall be in such denominations as may
De prescribed by said board All bonds
issued under the provisions of this act
may be sold In such manner and in such
amounts and at such times aid on such
terms and conditions as the State Board
OF FINANCE may prescribe: Provided
tnat II said bonds are sold to any person
other than the State of Washington, they
snail be sold at public sals. and it shall
be the duty of the State Board Of Tinance
To cause such sale to be ADVERTISED in
such manner as 1t may deem sufficient.
Bonds issued under the provisions of
this act shall be a legal investment for
any of the funds of the state, including
he permanent school fund, any higher
educational funds. and accident fund Of
the Industrial insurance department.
Section Z. The money arising from the
sale OF each Issuance OF bonds shall be
deposited in the state treasury to the cred
It OF special fund to be known as the
veterans Compensation Fund" which
shall be used for payment of the COM
pensation provided in this act and for
paying the expenses of the administra-
ton thereof. For the purpose of carrying
out the provisions OF this act there is
hereby appropriated from the Veterans
Compensation Fund the sum of eleven
million dollars ($1l, 900, ,000.)
Section y. For the purpose of creating
a retirement fund for the retirement of
such bonds upon maturity and the pay
ment of interest thereon as it falls due.
the proper state and county officers shall
levy and collect tax of one mill upon
each dollar of the taxable property in tho
state Tor the year 1921 and for each year
thereafter: Provided That If said tax be
insufficient then the proper state and
county officers authorized and di-
rected to levy and collect such additional
taxes as may be necessary for the pay
ment of interest upon said bonds and the
retirement of the principal thereof upon
maturity. All moneys derived from such
tax shall be paid into the state treasury
and credited to fund to be known as
the Veterans Compensation Bond Re-
| tirement Fund"
Section 3. No charge made by any
agent, notary public or attorney for any
service in connection with obtaining the
allowance as provided for by this act
| shall be recognized by the state and any
person who for a consideration, discounts
! or attempts to discount or for consid-
Grafton advances money upon any cert1ff-
cate or certificates issued pursuant to the
terms of this act shall be guilty Of a
gross misdemeanor
Section TO- Any person who with III
tent to defraud, subscribes to any false
.oath or makes any false representation
ther in the execution of the certificates
provided for by this act, or who, with in
tent to defraud. presents to the state
auditor, or to any other officer OF the
Estate. any certificate for the purpose or
lobtaining funds provided by this act
which do not In fact belong to such per-
son. or makes any false representations
| in Connection with obtaining any funds un-
| der the terms of this act shall be guilty
| of felony.
| Section H. The legislature may provide
additional means for raising moneys ior
| the payment of the interest and principal
| of said bonds and this act shall not be
deemed to provide an exclusive msthod
| for such payment. ...
section ~ If any section. subdivision
oIa nf 4
| treason held to be unconstitntonal. such
| decision shall not affect the validity o.
the remaining portions of this act;
Section 13. This act shall be subnlitteu
| To the people for their ratification at me
Inext general election in acordan"e WIN
the porvisions of section 3. Of Article VII
| of the State Constitution; ma m az co.u-
lance with provisions of section | OF Ar
tioie IT of the state Constitution as
amended at the general election held N N
Novemher, 1912 and the laws adopted to
facilitate the operation h tnereS,' Sn ,aoo
Passed the Senate. March 23. 1920 ~
Approved by the Governor Mtro' -''
NOTE BY SECRETARY OF STATE.
! The above act filed in the offrGe nso OF 'he
Secretary of State. March 70, ls2o.
'e'' I. M. HOWELL, ,.o,a
There shall be printed m III naii9ss 9s.
nroyided for the said election lhe Mo.un tt,a
proEi s'Eor iue' Referendum Bill No. 2, relating s
to e9ualized compensation to ,Y veterans rYs,s q
the war with the Central III, Aied Ho frTets reIstng
Against Referendum 31m tinn To- veterans
of 6G the SeuSiaH war with the Central Allied fo~-
Iers - ..,o.oo, T have hereunto
sat' ~ nv hand and affixed the seal oi tiie
state of Washington: A.. 5a,, NJ Iune.
Done at Olympia, this lst day u '''''
1920. ,,ouErJ,
| (Seai) Secretary of State.