New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21

An Act Making Provision for Issuing
Eonds to the Amount of not to Exceed
Forty-fve Million Dollars for the Pay
ment OF Bonus to Persons Who Served
IN the Military or Naval Service of the
sixth Day Of April, Nineteen Hundred
and seventeen, and the Eleventh Day Of
November Nineteen Hundred and Eight
cen. and Providing for a Submission Of
the Same to the People to be Voted
pom al the General Election to be
1icld IN the Year Nineteen Hundred and
Became a law May 81. 1920, with the APP
prevail Of the Governor. Passed, three
The People Of the State Of Nclc York.
r'prese''ted il Senate and Assembly, do enact
SECTION l. Bond issue authorized There
shall be issued in the manner and at the
tunes hereinafter recited. bonds OF tie
state in an amount not to exceed forty
five million dollars which bonds shall be
scld by the state and the proceeds thereof
PAID INTO the state treasury, and so much
tlit r"of as may be necessary expended for
/ ne payment OF a bonus TO persons who
served IN the military or naval service of
I ne United States, at any time between
the sixth day of April. nineteen hundred
and seventeen, and the eleventh day of
Novcm Der, nineteen hundred and Gig hteen,
as hereinafter provided. Such bonds when
2. Sale; interest The comptroller is
hereby directed to cause to be prepared
the bonds of this state to an amount
not to exceed forty-tive million dollars
such bonds TO bear interest at the rate of
not to exceed five per Centun per annum,
which interest shall be payable seni-an-
nually in the City Of New York. Such
bonds. OF the portion thereof at any time
issued. shall be made payable in twenty
five equal annual instruments, the first of
which snail be payable year from
the date of issue, and the last OF which
shall be payable twenty six years from
the date OF issue The comptroller is
hereby charged with the duty OF selling
such bonds at not less than par to the
hig hest bidder after advertising for a
period of tWentV COnSarnfiVa
days excepted, in at least two daily news
papers printed in the city OF New York,
and one in the city of Albany. ADVERTISE
ments shall contain a provision to the
effect that the comptroller, in his dis
erection may reject any or all bids made
in pursuance Of such advertisements and
in the event OF such rejection, the comp
troller is authorized TO readvertise for
bids in the form and manner above de-
ment may be necessary to effect salts
factory sale
The proceeds of such bonds, after appro-
priation appro priations therefrom by
the Legislature. shall be distributed by a
special colpmission created by the legis-
entitled thereto, under the provisions
OF this act, on application within a time
to be prescribed by the legislature.
4. Disability fund. The leg stature
shall provide by law for the establishment
and administration OF q fund TO be used
1or the amelioration of the condition of
residents Of this state who suffering
disability incurred in the military or
naval service OF the United States at any
nineteen hundred and seventeen. and the
date when they were honoraby sepa-
and shall authorize any person who so
desire to assign to such fund the bonus
to which he Is entitled under this act.
5 ). Bonuses to certain persons who
We're In the service of the United States
in the with the German empire and
its allies Every person, male or female
1trt- t,l arof.a ~
commissioned, and who served honorably
in active duty in the military or naval
service Of the United states at any time
between the sixth day of April, nineteen
hundred and seventeen. and the eleventh
day OF November, nineteen hundred and
eighteen, for a period longer than two
into such service a resident of the state
OF New York, and is resident at the time
oraby separated discharged from SUCH
service, or who is still in active service, or
has been retired, or has been furioughed
10 reserve, shall be entitled to receive
from the proceeds of such bonds as a
bonus the sum OF ten dollars for each
month or major fraction thereof that such
person was in active service, of not exceed
ing a total of Two hundred and fifty dol
lars. No person shall be entitled to such
being separated or discharged from such
service or at the time of being retired
or furlOughec to reserve. or at the time
OF his death IN the service, was an officer
IN the army or marine corps above the
grade OF aptain, or in the navy above the
grade of lieutenant, senior grade No per-
son shall be entitled to such payment or
allowance who being in the military or
naval service Of the United states suhse
Slent TO the sixth day of April, nineteen
uhdred and seventeen. refused on consci-
entous, political OF other grounds to sub
Jert himself To military discipline or 10
render unqualified service, whose only
service was in the students army training
corps. or who received from another state
bonus or gratuity OF like nature
provided for by this act. The husband or
Wife. child, mother. father. brother and
or any deceased person, male female
VINO was enlisted. indicted, warranted or
commissioned. and who served honora bly,
IN active duty in the military or naval
service or the United States provided
m THIS section. shall be paid this or
allo vance that such deceased persons
would be entitled hereunder il such de-
ce&sed persons had lived
D Payment exempt from taxation and
execution. All payments allowances
made under this act shall be exempt from
all taxation, and from levy and sale en-
execution.
:, Submission OF law to people This
law snail not take effect until il shall AT a
general election have been submitted to the
people and have received ma jority OF alt
the votes cast for and against it such
election; and the same snail be submitted
TO the people of this state at the general
hundred and twenty The ballots TO De fur
nished for the use OF the voters upon the
submission OF this law shall be in the form
prescribed by the election law and the
proposition or question to be submitted
snail be printed thereon in substantially