Imperial Valley press., 1922-10-12
PAGE THREE

ti".c' us nearly as practicable win
ono u"tes ana amounts of such estip,at
GU e revenues; provided, that tho bond.
iirSo 70 mature in each issue. sboI 49,
1uIe hos later than five wears from, a.
e"1e of issuance thereof: nroy,;daa
turther, that specified numbers -
| Dohus OF specified numerical senuenaa
pn"ii thereafter mature at animal =,
| toiNais; ana provided, further. that tho
ooiiuS itst TO mature in each issua sbaII
| In"ture not later than forty five yoara
iomi ~, the date of issuance thereon
| =. ihe rate OF interest to be borna d..
| .ne " said bonds shall be uniform "a. -,
,he oonds OF the same issno ami abai,
oe determined and fixed bv the vot
of"ns welfare finance committee ~
| ,.s " the then prevailing morLat
on"i'iohs, but shall in no case exooo5
tPr pr cent per annum, and the de.
| ION OF said committee "a to +ba
~ VI interest shall be conclusive as
tn; 'no ameh prevailing market eond;-
'' me interest coupons to he ~.
"eu 70 the SAID bontls shall he nav.
5p,c u. semlannual intervals from tho
- VI issuance of said bonds: provid.
-, '"a' ehe interest coupon first nav.
lo may, III the veterans welfare e..
oe cohHlittee shall so determine and
| 1peciiy, DC payable one year after thl
odte OF issuance of said bonds
'oc' ia All actual and necaseoru
oNPehseS or the veterans welfare f;.
n"hee committee and of the ,nemhers
.noreol shal be paid out of the frna
"r'o which the proceeds from the qo1e-
Vi said bonds shall be covered nnon nm,
proVai OF the state board Of con+,d1
s'io on controllers warrant duly drovrn
ior that purpose, and shah const;tn,a
] board. "elfare
sec. IL. The state controller tho
sta'e treasurer, and the veterans, val.
lare !ihance committee shall keen fni,
'mu n, particular account and record NJ
an their proceedings under this act
ana they shall transmit to the pover.
a oi IN abstract of all such PROCEEDINGS
"'ieuhder, with an annual rnnort 10
pe ny the governor laid before the leois.
i'ttufe plennially; and all books and no.
pFrS pertaining to the matter provided
: lor IN TINS act shall at all times ho
opeh 10 the inspection of any party in
: terested, or the governor, or tho attor.
hey general, or 4 committee of oitbnr
branch OF the legislature. or \ io;nt
L the state. o''iAeh OF
Sec. L. This act, if adopted bv the
people, shall take effect on the f;f,
.eehth day Of November, 1929. as to
an les provisions except those relating
10 ana necessary for it's submission IN
.ne people, and for returning, canvass
, ing, and proclaiming the votes. and os
= 10 sad excepted provisions this act
!, , snail take effect Immediately.
SEQ 10. This act shall be submitted
70 the people OF the State of Californ;,
for 1heir ratification at the next ren.
erai election, to be held in the month
!. ot November, 1922, and all ballots at
" 'alo erection shall have printed there.
: "n d ana IN a square thereof, the words.
TOT the veterans welfare bond net
! or 1871, and in the same square under
:, .ald words the following in BREWER
'pe: This act provides for . h,nJ
issue or ten million dollars to be nseJ
~ the veterans welfare board in as-
slstlng California war veterans to M.
q qure farms or homes.n Tn the souaro
n immediately below the square contain.
I ing such words, there shall be printed
on SAID ballot the words: "Apainst the
= Veterans welfare bond act Of 1921 ),
{ ana In the same square immediately hn.
!, low said words against the veterans,
+ Weirare bond act of 1922 in BREWER
$ type shall be printed "This act nro.
! vides for bond issue of ten million
e dollars to be used by the veterans, wcl.
rare board in assisting California war
veterans to acquire farms or homes, ,,
a opposite the words ''For the yeter.
e ans welfare bond act Of 1872 and
: Against the veterans welfare bond
T act OF l921," there shall be left snaces
: IN which the voters may place a crosse
III the manner required by law to indi.
cate whether they vote for or against
\ said act, and those voting for said act
: shall do so by placing a cross opposite
Q the words " For the veterans welfare
3 bond act of 1927 and those voting
against the said act shall do so by
: placing cross opposite the words
Against the veterans welfare bond
act OF 1921" The governor of this
: state shall include the submission of
g this act to the people, as aforesaid. il
his proclamation calling for said gen.
Q eral election.
e See. 16. The votes cast for or
; against this act shall be counted. re-
7 turned and canvassed and declared in
the same manner and subject to the
same rules as votes cast for state Of
fieers; and if it appear that said act
, shalI have received a majority Of all
, the votes east for and against it at said
, election as aforesaid, then the same
shall have effect rs hereinbefore pro-
! vided, and shall be irrepealable until
the principal and interest of the LA
! bilities herein created shall be paid and
discharged, and the governor shall
make proclamation thereof; but if
majority of the votes cast as aforesaid
are against this act then the same
! shall be and become void.
See. II. It 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, if one be published
therein, throughout this state, for
three months next preceding the gen.
eral election to be holden in the month