Imperial Valley press., 1922-11-02
Chapter 57s, Statutes of 1921

chapter oTS, 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-
cordanee with the provisions of the
California veteran 8 welfare act enact
ed at the fortyfourth 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 fJrty-
fourth session of the legislature of the
State of California, or either of them
enacted at the forcy-fourth session of
the legislature of the State of Califor.
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
mcnt 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; 10
create veterans welfare finance
committee the members of which are
to serve without compensation; 20 de-
fine the powers and duties Of said vet
crans' welfare finance committee and
of other state officers in relation TO
this act; to appropriate money for the
expense of preparing and of advertis-
ing the sale of the bonds herein auth
orizcd to be issued, and TO provide for
the submission of this act 10 a vote Of
the people at the general election 10 be
held in the month of November, 1922.
(Approved May 80, 1921
| The people of the State of California
| do enact as follows:
| Section l. For the purpose of Great
! ing a fund to carry on the operations
of the veterans welfare board in ae-
cordance 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 lcgisla.
ture of the State of California,
or either of them enacted at the forty.
fourth session of the legislature of the
i obdue Oh SalllOTHld, anu VI any anu aAi
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
ldebt 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.
Sec. 9. After the issuance of tho
proclamation of the governor provided
for in section sixteen of this act, and
Immediately after adoption of any reso
luton by the veterans welfare finance
committee hereby created, provided fol
in section eleven of this act, the stat'
treasurer shall prepare the requisite
number of suitable bonds of the demon
{ nation of one thousand dollars in ac
cordance with the specifications con
: tanned in such resolution. The aggrc
{ gate par value of all bonds issue'
r under this act shall not exceed the sun
r of ten million dollars, and the bond
/ issued under any such resolution shal
Z bear interest from the date of issuane
I Of said bonds to the date of matugii
+ saessof, ut y rate TO be Determined b