Imperial Valley press., 1922-10-05

heariy as practicable, and be commen.
sura,c, as nearly as practicable. with
the dates and amounts Of such est;mat.
81 revenues; provided, that the bonds
lrst 20 mature in each issue, shall mn.
.ule NOT later than five years from tho
.ate or issuance thereof: nrov;aaa
.urener, That specified numbers -
.'l JUnus OF specified numerical seouenca
.nai thereafter mature at animal in.
Stsi'ns; ana provided, further. that IN.
oohds last to mature in each ;ssno sla', .a
mature y not later than forty. Five ,,nan ,oa''
rom pm the date of issuance thereof
Ihe rate Of interest To he ho
.ne sad bonds shall be uniforn, 60. x Dx
tne bonds Of the same issua al ol ",is
DC determined and fixed hv ~ 'nnIi
aass Isis welfare finance COMMITTEES ~.
ooraing oona:ag 10 the then prevailing market
HnuI.ions, :; but shall in no ease eycned
A per cent per annum, and the de.
o.n'nation .o.a OF said committee as to tbo
.a'e OF interest shall be conclsiva as
t;. ~ sne then prevailing market cond;'
.n luis. me interest coupons to no o..
saSned TO the said bonds shall be nav
,oie az semiannual intervals from ~
as'e OF issuance Of said bonds: nror;a
ea, ea, .hat the interest coupon first INV.
'pie may, 1t the veterans welfa,a =;
..''nce committee shall so determine ona
specify, be payable one year after tha
oate OF issuance Of said bonds
sec. IA All actual and neoesso,,
sApehses OF the veterans welfare Fl.
lance committee and Of the members
.hercof shall be paid out of tba f"as
'n'o winch the proceeds from thc soIS
u saia ponds shall be covered. upon an.
proVal OF the state board of contr51
ma on controllers warrant duly drawr
'or that purpose, and shall constitute
| board. "eitare
See. l3. The state contro,,er A..
stare treasurer, and the veterans, ,ua,
iare finance committee shall keen 81,
and particular account and recora ~ 80
an 'neir proceedings under this act.
anu 'hey shali transmit to the COVER.
npr an ABSTRACT Of all such PROCEEDINGS
hereunder, with an annual report. 70
'e ny the governor laid before the lec;s.
latare biennially; and all books and M.
Sfs pertaining to the matter provided
ror IN this act shall at all times be
| open TO the inspection Of any party in.
'erested. or the governor, or the attor.
hey general. ora committee Of either
branch OF the legislature, or n ;o;nt
committee OF both, or any citizen Of
sec. IA. This act, il adopted bv tbe
people, shall take effect on mo t;r
teenth day Of November. 1929 "a 20
al It's provisions except those relat;no
10 ana necessary for its submission to
.he people, and for, returning, canvass.
ing, ana proelaiming the votes, and as
70 sad excepted provisions this net
snaii take effect Immediately.
se" 10. This act shall be submitted
10 the people OF the State of California
ior their ratification at the next cen.
erai election, to be held in the mouth
or November, 1929. and all baI,ots ~
said election shall have printed there.
on and IN square thereof. the wo,ds.
I"For the veterans welfare bond nav
OF 1921, and in the same souaye u,,,er
.ad words the following in BREWER
TYPE: This act provides for \ bond
issue OF ten million dollars TO be used
~ tine veterans welfare board in os-
"sting California war veterans TO ne.
?nire farms or homes" In the square
Immediately below the square contain.
ing such words. there shall be printed
on said ballot the words: "Against the
veterana' welfare bond act Of 1921 -
ana In the same square Immediately he.
low said words - Against the veterans,
welfare bond act Of 1921, in breyie,
type shall be printed "This act pro.
vides Tor q. bond issue Of ten mill;on
dollars TO be used by the veterans, wei.
fare board In assisting California war
Ee5erAns to acquire farms or homes, -
vPposste the words "For the yetey.
ans welfare bond act Of 1921 and
.sAgai4et tho vsterans' welfare bond
aef OF l92l," there shall be left spaces
lmfwhich the voters may place n crosa
- the manner required by law 10 indl
cate whether they vote for or against
said. act, and those voting for said aot
shall do SO by placing cross opposite
the words "For the veterans, welSo,a
bond net Of 1927, and those vot;no
against the said act shall do SO by
Placing cross opposite the words
Agalnst the veterans welfare bond
act or 1871 The governor Of this
state shall include the submission of
this act to the people, as aforesaid. i,
his Proclamation calling for said gen.
eral election.
| Sec. l6. The votes cast for or
against this act shall be counted, re.
turned and canvassed and declared in
the same manner and subject to the
same rules as votes cast for state OF.
ficers; and il it appear that said act
shall have received majority Of all
the votes cast for and against il at said
election as aforesaid, then the same
shall have effect as hereinbefore pro.
vided, and shall be irrepealable until
the principal and interest of the liza.
bilities herein created shall be paid and
discharged, and the governor shall
make proclamation thereof; but IL n
majority Of the votes cast as aforesaid
are against this act then the same
shall be and become void.
Sec. IL. II shall be the duty of the
secretary Of state in accordance with
law to have this act published in at
least one newspaper. in each county, or
city and county, il one be published
therein, throughout this state, for
H.