Imperial Valley press., 1922-09-21
Chapter 57a, 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-
cordance with the provisions of the
California veteran s welfare act enact
ed at the forty fourth 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 forty
fourth session of the legislature of the
State of California, or either of them
enacted at the for7'- 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
ment 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 liabil-
ties, as such principal natures; to
create q veterans welfare finance
committee the members of which are
to serve without compensation; to de-
fine the powers and duties of said vet
erans' 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
orized to be issued; and to provide for
the submission of this act to vote of
the people at the general election to be
held in the month of November, 1922.
(Approved May 80, 1921
The people of the State of California
do enact as follows:
Section /. For the purpose of Great
ing fund to carry on the operations
of the veterans welfare board in ac,
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 tho
| provisions of the veterans farm and
home purchase act enacted at the
forty-fourth session of the legisla
| ture of the State of California
or either of them enacted Mt the forty
| fourth session of the legislature of thu
State of California and of any and al
acts amendatory or supplemental t.
| said acts. or either of them, the veter
| ans welfare finance committee created
by this act shall be and it hereby i
authorized and empowered to create ;
.debt or debts, liability or liabilities, o
the State of California, in the manne
and to the extent hereinafter provided
but not otherwise, nor i'll excess there
of.
Sec 2. After the issuance of tn
proclamation of the governor provide'
for in section sixteen of this act, AM
Immediately after adoption of any reso
luton by the veterans welfare financ
committee hereby created, provided fo
in section eleven of this act, the stat
treasurer shall prepare the requisit
number of suitable bonds of the demon
! ination of one thousand dollars in az
cordance with the specifications cor
tanned in such resolution. The aggrt
7 gate par value of all bonds issue
under this act shall not exceed the SUI
r of ten million dollars, and the bond
| issued under any such resolution sha
Z bear interest from the date of issuane
t of said bonds to the date of matnrit
: thereof, at rate tQ be determined b