Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1920-09-03

sued under the provisions of this act
may be sold in such manner and in
such amounts and at such times and
on such terms and conditions as the
State Board of Finance NAV nre-
SCRIBE Provided, That il said bonds
are sold to any persons other than
the state of Washington, they shall
De sold at public sale, and it shall be
the duty of the State Board of FL
nance to cause such sale to be adver-
tised in such manner as it shall deem
sufficient.
Bonds issued under the provisions
OF this act shall be a legal invest
ment for any of the funds of the
state, including she permanent school
fund, any higher educational funds.
and accident fund of the industrial
insurance department.
Sec. Z. The money arising from
the sale of each issue of bonds shall
he deposited in the state treasury to
the credit of a special fund to be
known as the Veterans Compensa-
ticn fund," which shall be used for
payment of the compensation provid-
ed in this act and for paying the ex-
penses of the administration there
Of For the purpose of carrying out
the provisions of this act there is
hereby appropriated from the Vet
Grams Compensation Fund the sum
of eleven million dollars (S11,O0O,-
100000.
Sec. s. For the purpose of Great
ing a retirement fund for the retire
ment of such bonds upon maturity
and the payment of interest thereon
as 1T falls due, the proper state and
county officers shall levy and collect
tax of one mill upon each dollar of
the taxable property in the state for
the year 1921 and for each year
thereafter Provided, That if said
tax be insufficient then the proper
state and county officers are author
lied and directed to levy and collect
such additional taxes as may be nee
essary for the payment of interest
upon said bonds and the retirement
of the principal thereof upon matur-
ity. All moneys derived from such
tax shall be paid into the state treas
ury and credited to a fund to be
known as the Veterans Compensa-
ton Bond Retirement Fund"
Sec. 8. No charge made by any
agent notary public or attorney for
any service in connection with OBJ
tanning the allowance as provided for
by this act shall be recognized by the
state and any person who, for a con-
sideration, discounts or attempts to
discount, or for a consideration adj
Vances money upon any certificate
or certificates issued pursuant to the
terms of this act, shall be guilty of
gross misdemeanor.
Sec. 10. Any person who, with
intent to defraud subscribes to any
false oath or makes any false repre-
sentation, either in the execution of
the certificates crowded for by this
act, or who, with intent to defraud,
presents to the state auditor, or any
other officer of the state, any certifi-
cate for the purpose of obtaining
funds provided by this act which do
not in fact belong to such person, or
makes any false representations in
connection with obtaining any funds
under the terms of this act, shall be
guilty of a felony.
Sec. II. The legislature may pro-
vide additional means for raising
moneys for the payment of the inter-
est and principal of said bonds and
this act shall not be deemed to pro-
vide an exclusive method for such
payment.
Sec. IL. If any section, subdivi-
sion, sentence or clause of this act
is for any reason held to be unconsti-
tutional, such decision shall not af-
feet the validity of the remaining
portions of this act.
Section 10. This act shall be sub
mitted to the people for their ratifi-
cation at the next general election in |
accordance with the provisions of |
section 3, of Article VIII of the State |
Constitution; and in accordance with |
the provisions of section of Article
ii of the State Constitution as |
amended at the general election held |
in November, 1912, and the laws
adopted to facilitate the operation
thereof
Passed the House, March %, 1920. |
Passed the Senate, March %,
1920.
Approved by the Governor, March
%, 1920.
NOTE BY SECRETARY OF STATE
The above act filed in the office
of the Secretary of State March 25,
1920.