Decorah public opinion., 1922-07-05
SOLDIERS BONUS LAW

amount of twenty-five million dol
lars, and providing for the issue
and sale of bonds of said state
IN evidence thereof, to procure
funds for and pay bonus to per-
sens who served in the military
er naval service of the United
States at any time between the
sixth day Of April, nineteen hun
dred seventeen, and the eleventh
day Of November, nineteen hun
dred eighteen, or their successors
IN interest, providing for a board
te administer such payments, pro-
viding for an additional bonus for
persons under disability, providing
for the imposition, levy and collec-
mon of direct annual tax sufficient
10 pay the principal and interest
on said bonds, providing penalties
Tor the violation of the provisions
of this act, providing for applica-
tion Of any surplus TO the retire
snent of the Indebtedness herein
created, and providing for sub
mission of this act to the people 10
be voted upon at the general cleo
ton to be held in the year nine
teen hundred twenty-two.
BE il enacted by the General Assem-
bly, of the State of Iowa:
Section /. The state of Iowa is
hereby authorized to become indebt-
ed in the amount of twenty-two mil
lion dollars, $4,000, ,000.00l and in
evidence thereof there shall be issued
and sold negotiable coupon bonds of
said state, as hereinafter provided.
and the proceeds thereof shall be
paid into the treasury of the state
10 be expended for the payment ol
bonus TO the persons defined in
section four "a of this act or for
the benefit of such persons, as pre-
scribed by section eigh: (S) of this
act, and for expenses incurred in
carrying out the provisions Of this
act.
Section 2. The treasurer of the
state is hereby directed to cause to
be prepared negotiable coupon bonds
of this state in the amount of
twenty-five million dollars, 1922 .0G0,-
000.00) such bonds to bear interest
at the rate of not to exceed five
per cent per annum, which interest
shall be paid semiannually. Such
bonds shall be issued so that said
indebtedness shall be payable in
twenty equal annual instalhments. the
last of which shall be within twenty
years from date of issue. Said
bonds shall be signed by the Cover
nor, under the great seal of said
STATE, attested by the secretary OF
state and countersigned by the
treasurer of state, and the full faith,
credit and resources of the state OF
-f-ay-sss go -siraIf be pledged for the pay
ment thereof. The interest coupons
attached to said bonds shall bear the
Autographed facsimile signatures OF
said officials. The treasurer of state
shall sell said bonds to obtain funds
to carry out the provisions Of this
act, and to make the payments here.
matter provided Such bonds shall
be sold at not less than the pal
value thereof and accrued interest
thereon 20 the highest and most
responsible bidder after advertising
for a period of twenty consecutive
days, Sundays excepted, in at least
two daily newspapers printed in the
city of Des Moines. Advertisement;
of sale shall recite that the trea'
surer of state, in his discretion. may
reject any or all bids received and
in such event, he shall readvertist
for bids in the form and mannel
above described as many times as
in his judgment may be necessar!
10 effect a satisfactory sale.
Section 3. The proceeds of sucl
bonds so paid into the treasury o.
state shall constitute a bonus funC
and shall be distributed to the per
sons entitled thereto, as hereinafte,
prescribed. Said twenty-five million
dollars ($22,000,000) is hereby ap
propriated out Of said bonus fund fo'
the purpose of carrying out TIT
provisions of this act.
Section a. Every person, male o
female, including army, navy, ant
marine corps, nurses who served i
the military or naval service of tn,
United States at any time betweel
April 6, 1917, and November II
1918, and who at the time Of enter
ing into such service was residen
of the state of Iowa, and who wa
honorably separated or discharge
from such service, or who is still il
active service, or has been retired
or has been furloughed 10 q reserve
shall be entitled to receive from IN
proceeds of such bonds as a bonus
the sum of fifty cents (.5O) for eac
day that such person was in acuv
service, such bonus not TO exceed
total sum Of three hundred and NIT
dollars ($350.00). No person shal
be entitled to such payment or al
lowance whose only service was i
the students army training corps o
who received from another state
bonus or gratuity of a like natur
provided for by this act, or VIII
being in such service, received civil
ian pay for civilian work. No pei
son shall be entitled to such paymen
or allowance who being in the mill
tary or naval service of the Unite
States, subsequent to April 8. l9i'
refused on conscientious, political .
other grounds to subject himself I
military discipline or to render ur
Qualified service. The husband o
wife, child or children, mothel
father, sisters or brothers, in the ol
der named and none other, of an
person as defined in this section. Wh
died while in the service or who ha
deceased before receiving the benefit
.c -. rnt rhnll he mid the silI