The Oroville weekly gazette. [volume] (Oroville, Wash.) 1905-19??, 1920-08-20

IaPpHcationS. Inc state auditor is n n,s,s.-.
Gr,zeu ar,rt; anu directed to prepare sue1
p..'ns ana office supplies and eo,,n
neht. ana 10 employ sucn persons as ny,
oe necessary in order to property carr
Oau O tne provisions OF this act, and ali ex,
penses incurred by him i'm the adnnin,s
tration of this act shall he naia au,nlmis- n,i I
RANTS urawn upon the Veterans Comnen-
sation Fund. Soi"peh-
Inc ad1utant general shall advise with
anu assist the state auditor in tho VII WI
tormance of the duties OF the audi,o per per
usI .lis act. and when SO called upon the
auJutaht general may employ s,,ch nar
suns u anu incur such expenses as NAV ne
necessary. such expenses to be paiI ~, ne
warrants drawn upon the Vatarans. s,u v!
pensation Fund e'e'""S Coih-
Inc auditor and the adjutant sensra,
Under feSuire sS,S persons employed by them
unuer % TINS act to furnish good and suffi
eient surety bonds to the State of Wash
ington for the faithful Performance u,
sneir duties and the premiums upon said
Compensation Fund e'e'""s
Section .: The state auditor may in his
,,i,tl isItle.ion issue warrants under the pro-
aS siSlons oi TINS act in anticipation of the
saie oi the bonds herein authorized
Section g.. For the purpose of nrn%,ia,,a
.1ams hara ior the payment Of compensation
nsre9nder and for paying the exnenses
and a"aiths.ration, snit hn there shall be issued
M iu tne sum of eleven million dollars fsiJ
Vvo,Voo): provided, That If the nrocaads
VI VI .ne SAFE or such bonds be insuffieen1
tbep t pay ,ns compensation herein allowed
M M.nen suificent additional bonds to n.v
such compensation shall be issued ana
soiu' SUN tne issuance, sale and retirement of
si,na sa,d bonds bonds shall be under the general
Board of Finance. The State Hoard Of 'Eie a.
lance may. In its discretion. provida fnr
.ne issuance of coupon or reeistared
np,os tIno - 70 ,, be dated. issued and sold from
10 e " tilne ana in such amounts as may
De, pe necessary to make the payments nro
viued Tor by this act. Each of such banJs
sliau De made payable at any time ,nt
~ S'eeuns ;ss twenty years from the date If
S rs issuance. with such reserved riShts
81 -, prior redemption as the State Board of
,t,hance NAV prescribe to be snecified
therein: the EN-: The bonds shall be signed NV
the seaernSr seae nS ana the state auditor under
att ste sea- OF the state; and any coupons
ihttached to such bonds shall he sipna5
oy fy the same officers whose sigrat,'no
bonTs brreon may may be in facimile, and smcb
exceed six near na interest at rate not to
honds SIN per cent per annum. which
uonos shail be sold for not less tha n nan
~ ". oohds may be registered in tha pamo
r. traas ase no'der on presentation to the state
state OF Washington in New Yo;,, VI 'ne
pi.,ncIpai alone or as to both princin,i on9 ~.
a,.erest. under such regulations as 80
sbam heasurer ha a.. may prescribe. Said bonJs
promise of the State of Wasbin"t M
pay potn principal and interast IN aoi1 "a
III, Sou oi tne United States of pra an a. 80, go
the State poarS "a, suc9 cf place place or places as
al ,no snall be In such denomina tions as NAV,
ne ; prescribed by said board All Londs
,nsued msw IA under % the provisions of this act
amounts and at such times AID On suci,
.erins .e I, and conditions as the State Doard
th,t it may prescribe: Provided
,thsr % II ,, sa,d ponds are sold to any person
shaii De sold at public sale. ana IL shall
De the duty OF the State Board of Finance
10 cause such Sale to be ADVERTISED in
% Ronus '"nsr iss,,sd as i,, Il may deer sufficient
ms act shall be a legal investment for
any or the funds of the state incJdiny
.de .he permanent school fund.- any higher
the industrial insurance department Vi
section L.. The money arising from the
,a,e oI each issuance of bonds shall be
n "s IN the state treasury to the cred
eterans' Compensation Fund" which
shaii De used for payment of the com
pensation provided in this act and for
y'"s ion tserne, rne expenses of the administra-
~. tne PROVISIONS OF this act there is
hereby appropriated from the Veterans
compensation Fund the sum of eleven
hiillon dollars t$1l 200, ,OOO)
Section 5. For the purpose of creating
retirement fund for the retirement of |
such ponds upon maturity and the paw |
heht OF interest thereon as it falls due.
me proper state and county officers shall
eVy ana collect a tax of one mill upon
each dollar of the taxable property i'm tho
state FOR the year 1921 and for each year
hereafter: Provided. That If said tax be
then the proper state and
;ounty officers are authorized and di-
'ected TO levy and collect such additionall
laxes as may be necessary for the pay
retirement of the principal thereof upon
maturity. All moneys derived from such
TAX shall be paid into the state treasury
ana credited to a fund to be known us
me Ii. Veterans Compensation Bond Re-
firement Fund"
Section 9. 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
snail be recognized by the state and any
person who. for consideration discounts
Or attempts to discount, or for a consid-
grafton advances money upon any certifi-
,ate or certificates issued pursuant to the
terms of this act. shall be guilty of a
gross misdemeanor
Section 10. Any person who. with in
tent to defraud, subscrbes to- any false
bath or makes any false represen tat ton.
either in the execution of the certificates
provided for by this act. or who. with in
auditor or to any other officer of the I
state, any certificate for the purpose of |
obtaining funds provided by this act,
which do not In fact belong to such per-
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 for |
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 IL If any section. subdivision,
sentence or clause of this at is FOR any |
reason held to be onstltutional: such
decision shall not affect the validity o.
the remaining portions of this act;
Section 13. This act shall he submitted |
to the people for their ratification at tns
next general election in acordan 'e WIN
the porvisons of section 3. of Article Nl!i
of the State Constitution: md IN accord
ance with provisions of section | of Ar
tIcle II of the state constitn'ipn aa as 'n
November 1912. and the laws adopted to
facilitate the operation thereof.
Passed the House. March ~ i.so
Passed the Senate. March %, l92o ~
Approved by the Governor M'rca -"'
1920.
NOTE BY SECRETARY OF STATE.