Imperial Valley press., 1922-08-10
Chapter 57s. Statutes of 1921


An act to authorize the creation of
| a debt or debts, liability or liabilities.
| through the issuance and sale of state
bonds, for the single object of Great
| ing fund to carry on the operations
of the veterans welfare board in, ac-
cordance with the provisions of the
California veteran S welfare act enact
! ed at the forty fourth session of the
! legislature of the State of California,
and also in accordance with. the pro
vision OF the veterans farm and home
purchase act enacted at the forty
| fourth session of the legislature of the
State of California, or either of them
| enacted at the forty fourth session of
| the Legislature of the State of Calfor-
MIA, and of any and all acts amenda-
tory or supplemental to said acts, or
either of them; to provide ways and
means, exclusive of loans, for the pay
ment of the interest of such debt or
debts, liability or liabilities, as such in
terest falls due, and also for the pay
ment and discharge of the principal of
such debt or debts, liability or liabili-
ties, as such principal natures; to
create a veterans welfare finance
to serve without compensation; to de-
/ fine the powers and duties of said vet
erans' welfare finance committee and
of other state officers i'm relation to
this act; to appropriate money for the
expense of preparing and of advertis-
ing the sale of the bonds herein auth
orized to be issued; and to provide for
the submission of this act to vote of
the people at the general election to be
held in the month of November, 1922.
(Approved May 80, 1921
The people of the State of California
do enact as follows:
Section !. For the purpose of Great
ing fund to carry on the operations
of the veterans welfare board in ac-
eordance with the provisions of the
California veterans welfare act en-
acted at the forty fourth session of the
Legislature of the State of California,
and also in accordance with the
provisions of the veterans farm and
home purchase act enacted at the
forty fourth session of the legisla-
ture of the State of California,
or either of them enacted at the forty
fourth session of the legislature of the
State Of California, and of any and all
acts amendatory or supplemental to
said acts, or either of them, the veter
ans welfare finance committee created
by this act shall be and it hereby is
authorized. and empowered to create a
debt or debts, liability or liabilities, of
the State of California, in the manner
and to the extent hereinafter provided,
but not otherwise, nor in excess there
Of.
See. .. After the issuance of the
proclamation of the governor provided
for in section sixteen Of this act, and
Immediately after adoption of any rcso-
luton by the veterans welfare finance
committee hereby created, provided for
in section eleven of this act, the state
treasurer shall prepare the requisite
number of suitable bonds of the denom-
ination Of one thousand dollars in ac-
cordance with the specifications CON
td1ned in such resolution. The aggre-
gate par value of all bonds issued
under this act shall not exceed the sum
of ten million dollars, and the bonds
issued under any such resolution shall
bear interest from the date OF issuance
Of said bonds to the date of maturity
thereof, at o rate to be determined by