The Oroville weekly gazette. [volume] (Oroville, Wash.) 1905-19??, 1920-07-30

discretion issue warrants under the pro-
visions of this act in anticipation of the
sale of the bonds herein authorized.
Section s. For the purpose of providing
means for the payment OF compensation
of administration, there shall be issued
and sold bonds of the state of Washington
In the sum of eleven million dollars (Sl1-
OOuooo): Provided. That II the proceeds
of the sale of such bonds be insufficient
to pay the compensation herein allowed
then sufficient additional bonds TO pay
such compensation shall he issued and
sold. The issuance. sale and retirement of
said bonds shall be under the general
supervision and control of the State
Board of Finance. The State Board of FL
nance may. in its discretion provide for
bonds To be dated. issued and sold from
time TO time and in such amounts as may
be necessary to make the payments pro-
IVlded Tor by this act. Each of such bonds
snail be made payable at any time not
exceeding twenty years from the date If
Iits issuance, with such reserved rights
LOT prior redemption as the State Board o.
| finance NAV prescribe to be specified
therein. The bonds shall be signed by
the governor and the state auditor undet.
the seal of the state; and any coupons
attached to such bonds shan be signed
10y the same officers. whose signatures
| thereon may be in facimile and such
!bonds shall bear interest at a rate not t.
IeNceed six per cent per annufn which
bonds shall be sold for not less than par,
ANY bonds may be registered in the name
Tor the holder on presentation to the state
| treasurer or at the fiscal agency of the
Estate of Washington in New York as to
principal alone or as TO both principal and
interest. under such regulations as tn,
Istate treasurer may prescribe. Said bonds
snan De IN form embodying an absolute
promise of the State of Washington To
Ipay both principal and interest in gold
lcoin of the United States of present stan
ldard value. at such place or places as
a AID of
land shall be in such denominations as MAY
lDe prescribed by said board All bonds
issued under the provisions of this act
may be sold in such manner and in such
lanounts and al such times AID on such
terms ana conditions as the State BOARD
loi FINANCE may prescribe: Provided
that IL said bonds are sold to any persoA
Iother than the State of Washington they
lshall be sold al public sale and IL shall
IDe the duty of the State Boar % Finance
ito cause such sale to be ADVERTISED IN
lsuGh manner as 1t may deem sufficient.
Bonds issued under the provisions OF
TINS act shall be a legal investment fol
any of the funds of the state. includins
the permanent school fund. any higher
educational funds. and accident fund a
Ithe industrial insurance department
Section T. The money arising from tn,
sale or each issuance of bonds shall h,
!ueposlted in the state treasury to the cred
" OF special fund to be known as tn,
veterans Compensation Fund" which
snail be used for payment of the com
pensation provided in this act and TO
lpaying the expenses of the administra
ition thereof. For the purpose of carrvin,
out the provisions of this act there 4
lnereby appropriated from the Veterans
Sompensation Fund the sum of clever
lmillion dollars tS11. 900. 0O0)
Section s. For the purpose of creatin:
retirement fund for the retirement o
Isuch bonds upon maturity and the nav
: the proper state and county officers shall
Ilevy and collect tax of one mill upol
; Ieach dollar of the taxable property in tn
state for the year 1921 and for each yea
thereafter: Provided, That if said tax b
lnsufflcient then the proper state an
|, county officers are authorized and di
lrected to levy and collect such additions
I uaMes as may be necessary for the pay
. ment OF interest upon said bonds and tn
, retirement OF the principal thereof upo
Imaturity. All moneys derived from sue
ltax shall be paid into the state treasur
, ,and credited to a fund to be known a
. the Veterans Compensation BOND Re
, ltrement Fund"
. Section 8. No charge made bv an
, agent, notary public or attorney for an
, lservlce in connection with obtaining tn
allowance as provided for by this ac
: Ishali be recognized by the state and an
, person who, for a consideration. discount
Tor attempts to discount or for a consid
| Ieration advances money upon any certifi
: Icate or certificates issued pursuant to tn
r terms OF this act. shall be guilty of
: IgroSS miSdemeanor
= l.
= Itent TO defraud. subscribes to any falls
Ioath or makes any false representation
: lelther in the execution of the certificate
= provided for by this act. or who with in
e tent to defraud. presents to the stat
3 auditor. or to any other officer of TIL
state. any certificate for the purpose ,
obtaipinf any raise representation ion
IN connection with obtaining any funds un
e uer tne terms OF this act, shall be guilt
! lof a felony.
i Section IL. The legislature may provid
e additional means for raising moneys IL
e the payment of the interest and princip:
OF said bonds and this act shall not /
e deemed TO provide an exclusive matho
. Ifor such payment
: Section II. If any section, subdivision
S sentence or clause of this act is for an
f reason held to be unconstitutional. sue
decision shall not affect the validity {
\ tine remaining portions of this art.
Section 10. This act shall be submitte
to the people for their ratification at III
: next general election in accordance wit
the provisions of section 3, of Article vi
E lof the State Constitution: md in accord
r Iance with provisions of section | of Al
e ticle ii of the State Constitution a
$ Iamended at the general election neld
November, 1912. and the laws adopted
$ facilitate the operation thereof
: Passed the House. March %. 1870.
| Passed the Senate. March 80 1920
| Approved by the Governor. Marcn :.
l192O
=. NOTE BY SECRETARY OF STATE.
| The abnye act filed in tho offip.s If III