Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1922-09-20
SOLDIERS BONUS LAW

lars, and pfOVlQlng IOr the ISSUE
and sale of bonds of said state
in evidence thereof, to procure
funds for and pay a bonus to per-
sons who served in the military
or naval service Of the United
States at any time between the
sixth day of April, nineteen hun
bred seventeen, and the eleventh
day of November, nineteen hun
bred eighteen, or their successors
in interest, providing for a board
to administer such payments, pro-
viding for an additional bonus Tor
persons under disability, providing
for the imposition, levy and collec-
ton Of direct annual tax sufficient
to pay the principal and interest
on said bonds; providing penalties
for the violation of the provisions
of this act, providing for applica-
ton of any surplus to the retire
ment of the Indebtedness herein
created, and providing for sub
mission of this act to the people 10
be voted upon at the general cleo
ton TO be held in the year nine
teen hundred twenty-five.
BE it enacted by the General Assem-
bly, of the State of Iowa:
Section l. The slate of Iowa is
hereby authorized to become indebt-
ed i'm the amount Of twenty-five mil
! lion dollars, $4,000, 100000 and in
evidence thereof there shall be issued
and sold negotiable coupon bonds OF
said state, as hereinafter provided
and the proceeds thereof shall DC
paid into the treasury of the state
, to be expended for the payment Vi
bonus to the persons defined IL
section four (4) Of this act or fol-
the benefit of such persons, as pre-
scribed by section eight (S) of this
act, and for expenses incurred II
carrying out the provisions OF thu.
act.
Section 2. The treasurer of the
state is hereby directed to cause tc
be prepared negotiable coupon bonds
of this state in the amount o,
twenty-five million dollars, (S22.OO0,
000.00) such bonds to bear interes
at the rate of not to exceed i've
per cent per annum, which interes
shall be paid semiannually. Sucl
bonds shall be issued so that salt
indebtedness shall be payable il
twenty equal annual installments. the
last of which shall be within twent!
years from date of issue. Sale
bonds shall be signed by the Cover
nor, under the great seal Of sale
state, attested by the secretary Of
state and countersigned by the
ttreasurer of state, and the full faith
credit and resources of the state Of
Iowa shall be pledged for the pay
ment thereof. The interest coupons
attached to said bonds shall bear the
Autographed facsimile signatures OF
said officials. The treasurer of state
shall sell said bonds to obtain funds
to carry out the provisions of this
act, and to make the payments here
matter provided. Such bends shall
be sold at not less than the par
value thereof and accrued interest
thereon 10 the highest and most
responsible bidder after advertising
{, fer 2sri.2a q. tMepty s9asesn lis
days, Sundays excepted, in at least
two daily newspapers printed IN the
citv of Des Moines. Advertisements
of sale shall recite that the trea-
surer of state, in his discretion, may
reject any or all bids received and,
in such event, he shall readvertise
for bids in the form and manner
above described as many times as
in his judgment may be necessary
to effect'a satisfactory sale.
Section 3. The proceeds of such
bonds so paid into the treasury OF
state shall constitute a bonus funo
and shall be distributed to the per
sons entitled thereto, as hereinafter
prescribed. Said twenty-five million
dollars ($22,000,000) is hereby ap'
propriated out of said bonus fund fol
the purpose of carrying out the
provisions of this act.
arises as heirs at law, devisees
Section 4. Every person, male OF
female, including army, navy, anc
marine corps, nurses who served II
the military or naval service OF the
United States at any time between
April 6, 1917, and November IL
1918, and who at the time of enter
| ing into such service was resident
| of the state of Iowa, and who was
honorably separated or discharged
from such service, or who is still II
active service, or has been retired
or has been furloughed to a reserve
| shall be entitled to receive from the
proceeds of such bonds as a bonus
the sum of fifty cents (.50) for each
day that such person was in active
service, such bonus not to exceed
| e l,.nI o,,l fIft 4
dollars (S350.00). No person shall
| be entitled to such payment or al
lowance whose only service was II
the students army training corps o.
who received from another state
bonus or gratuity of like mature
provided for by this act, or VIII
being in such service, received civil
ian pay for civilian work. No per
son shall be entitled to such paymen
or allowance who being in the mill
tary or naval service of the Unite
States, subsequent to April 6, 1917
refused on conscientious, political .
other grounds to subject himself Z
military discipline or to render un
qualified service. The husband o
| wife, child or children, mother
father, sisters or brothers, in the OF
der named and none other, of an
person as defined inf this section. WIN
died while in the service or who ha
deceased before receiving the benefit
of this act, shall be paid the SUI
that such deceased persons would D
entitled to herunder if such dt
ceased person had lived.
Section ). Before receiving an
sum under the provisions of hi