Imperial Valley press., 1922-09-28
Thursday, September %, 1922

sura.e, as nearly as practicable. with
'ne da1es ana amounts of such estimot.
ea revenues; provided, that the bonds
iirst TO mature in each issue. shall ma.
ture not later than five years from tha
date or issuance thereof: nrov;daa
iurther, that specified numbers ~
bonds of specified numerical seono
snail thereafter mature at onnnaI :.
ttervals; and provided, further. tbot 81.
bonds last to mature in each isspo s,"I,
mature not later than forty.five yoa.
from the date of issuance thereof
The rate of interest to he born. ~
the said bonds shall be Uniform 90, ~,
the ponds OF the same issue and shall
De determined and fixed by the VET.
erans' welfare finance committee ne.
cording to the then prevailing market
conditions, but shall in no case exceed
SIX per cent per annum, and the do.
termination Of said committee as TO the
rate of interest shall be conclusive os
TO The then prevailing market condi.
.ions' The interest coupons to be at.
eached to the said bonds shall be nav.
aoie M semiannual intervals from the
uate or issuance Of said bonds; provid.
ca, that the interest coupon first nav.
able may, if the veterans welfare q.
nance committee shall so determine and
| sPecify, be payable one year after the
date of issuance of said bonds
sec. Il All actual and necessary
| expenses OF the veterans welfare Fl.
nance committee and of the members
| .hereot shall be paid out of the fund
INTO which the proceeds from the sol,,
OF said bonds shall be covered, upon an
provai OF the state board Of contrib
ana on controller 3 warrant dulv drawn
tor that purpose, and shall constitute
expenses Of the veterans welfare
board. "''i"o
| Sec. 13. The state controller tbo
state treasurer, and the veterans, ,ro,,
S e ihance committee shall keep full
" a,, particular account and record of
al 'neir proceedings under this act.
anu 'hey snail transmit to the COVER.
mor an ABSTRACT of all such proceedings
hereunder, with an annual report. TO
pe Dy the governor laid before the lepis.
ature biennially; and all books and M.
Ier' pertaining to the matter provided
Ior IN this act shall at all times no
open 10 the inspection Of any party in.
teres1ed, or the governor, or the attor.
ney general, or committee of either
orahch OF the legislature, or n ioint
committee Of both, or any citizen Of
see. IA: This act, If adopted bv tho
people, shall take effect on the A..
teenth day of November. 1929 no %
ar lts provisions except those RELATING
10 and necessary for its submission N
.he people, and for returning, canvass.
ing, and proelaiming the votes. and a.
10 SAID excepted provisions this act
!, snail take effect immediately.
Il sec 10. This act shall be submitted
20 'ne people Of the State Of California
LOT their ratification at the next oen.
erai election, to be held in the month
VI november, 1929, and all ballots nj
'aid election shall have printed there.
on ana IN square thereof, the words.
for the veterans welfare bond o,t
OF i92l, and in the same square under
:, .aid words the following in brevier
tVpe; This act provides for , ho,I
issue OF ten million dollars to be nsed
cy the veterans welfare board in "a.
sisting California war veterans IN oc!
quire farms or homes" Tn the snpore
Immediately below the SQUARE conto;r.
ing such words. there shall he nr;ntoa
On said oaiiot the words: "Against the
veterans welfare bond act Of 1921, :"
ana IN the same square Immediately be.
!, low said words against the veterans,
welfare bond act Of 1921" in brev;e,
type shall be printed "This act pro.
vides for a bond issue Of ten million
dollars to be used by the veterans wei.
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 1927 ana
Against the veterans welfare bond
I act or l92l," there shall be left spaces
= IN which the voters may place n cross
IN the manner required by law TO indi.
cate whether they vote for or against
q said act, and those voting for said act
: snail do so by placing a cross oppos;te
e the words g For the veterans welfare
e BOND act Of 1921" and those voting
against the said act shall do 80 bv
: piac1ng cross opposite the words
Against the veterans welfare bond
act OF I92l." The governor Of this
state shall include the submission of
Q inns act TO the people, as aforesaid. in
ms proclamation calling for said gen.
0 eral election.
Q Sec. 16. The votes cast for NJ
81 against this act shall be counted. re.
, turned and canvassed and declared in
3. The same manner and subject to the
same rules as votes cast for state ~.
ficers; and If it appear that said net
, shall have received majority of oll
, 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 lin.
I bilities herein created shall be paid and
discharged, and the governor shall
make proclamation thereof; but IL
I majority OF the votes cast as aforesaid
are against this act then the same
I shall be and become void.
: Sec. IL. 1t shall be the duty Of the
secretary Of state in accordance with
law to have this act published in NJ
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.