The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1924-10-16

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necessary in order to properly carry out the
provisions Of this Article, and all expenses
incurred by him in the administration OF
this Article be paid by warrants drawn upon
the Veterans Compensation Fund.
The Adjutant General shall advise with anc
assist the State Auditor in the performance
Of the duties of the Auditor under this Article.
Section B. For the purpose OF providing
means for the payment Of compensation here
under and for paying the expenses of adj
ministration, the State Board of Examiners
Of the State Of Montana is hereby authorized,
empowered and directed to issue, from time To
time, as may be required for the purpose OF
this Article, bonds Of, and in the name of,
the State Of Montana, to and in the amount
Thousand Dollars (S4,500, 100000 in excess OF
the constitutional limitation of Indebtedness of
the State of Montana, and over and above
any bonded Indebtedness of said state here
tofore created or incurred for which said state
is now obligated. The bonds provided for in
this Article shall be issued in denomination
Of One Thousand Dollars Isl 10000 each,
and shall bear interest at a rate not exceed
ing five and one-half per cent $40 per
annum, payable ~semi-annually on the first
days of January and July of each year at
the office of the State Treasurer of the State
Of Montana, or at some bank in a city outside
of the State of Montana designated by the
State Treasurer such bonds shall be dated
on the first day of January or the first day
of July and shall become due and payable
twenty (20) years from their date and be
[ reueemdbte at bne OpLlOQ OF luG DLabe DOdtu
Of Examiners at any time after ten q0)
years from their date at any interest paying
period. The bonds herein referred to shall
be in such form as may be prescribed by the
Attorney General and approved by the State
Board of Examiners and shall be signed by
the members of said board and issued
under the great seal of the State of Montana,
and shall be registered in the office Of the
State Treasurer. Said bonds shall have in
terest coupons attached thereto covering the
interest due semi-annually which coupons
shall be executed with facsimile signatures
of all the members of the State Board of
Examiners, and the signing of said coupons
with said facsimile signature shall be recog-
nized as sufficient execution of said coupons
on behalf of the State of Montana.
The bonds provided for in this Article shall
be disposed of by the State Board of Examiners
in such manner as they shall deem for the
best interests Of the State in carrying out
the provisions of this Article, provided, that
no bond shall be disposed Of for less than its
par value.
Bonds issued under the provisions of this
Article shall be a legal investment for any
of the funds Of the state.
"Section 6. The money arising from the
sale of each issue of bonds shall be deposited
in the State Treasury to the credit of a
special fund to be known as the Veterans
Compensation Fund which shall be used for
the payment Of the compensation provided in
this Article and for paying the expenses of
the administration thereof. For the purpose
of carrying out the provisions of this Ar
ticle there is hereby appropriated from the
Veterans Compensation Fund the sum of -Four
Million Five Hundred Thousand Dollars
($4, 500, 100000 or so much thereof as may be
necessary.
Section Z. All payments or allowances
made under this Article shall be exempt from
all taxation and from levy and sale on ex-
s%cution.
"section 8. That there shall be levied an
nually a tax not exceeding one mill on the
dollar on all property in the State Of Montana
subject to taxation, which said tax when col
.ected by the County Treasurers of the coun-
of the State of Montana shall be by them
for and paid into the State Treas
lry of the State of Montana and to be by
he State Treasurer placed in and credited to
fund to be known as the Veterans Com
Bond Retirement Fund" and which
,und shall be used exclusively for the pay
nent of principal and interest accruing on said
,onds.
''Section 8. No charge made by any agent,
rotary public or attorney for a service in
with obtaining the allowance as
provided for by this Article shall be recog-
lized by the state and any person who for a
consideration discounts or attempts to dis
cunt, or for a consideration advances money
Ipon any certificate or certificates issued pur-
uant to the terms of this article shall be
.uilty of a gross misdemeanor.
Section 10. Any person who, with intent
o defraud, subscribed to any false oath or
any false representation, either in the
x~ecution of the certificates provided for by
his Article or who, with intent to defraud, I
resents to the State Auditor, or to any other
1ficer of the state, any certificate for the
urpose of obtaining funds provided for by
Article which do not in fact belong to
person, or makes any false representation
4 connection with obtaining any funds under {
he terms of this Act, shall be guilty of a
ebony.
'Section IL. The legislature may provide adj
itional means for raising moneys for the
of the interest and principal of said
onds and this Act shall not be deemed to
IN ayoIuaIxra method for erTOh naVpnanf
Section g.. That separate official ballots be
rovided at the general election to be held
1 November, 1924, which shall have printed
1ereon the words
For the amendment to the Constitution re-
ting to the payment of adjusted compensa-
ion to bona fide residents of the State of
lontana who served on active duty in the
rmy, Navy or Marine Corps of the United
ersons who, being citizens of the United l
tates, served in the Naval, Military or Air Y
,rces of any of the governments associated
18th the United States during said war
lthorizing the issuing of bonds in an amount /
OF to exceed Four Million Five Hundred I
Dollars S4,500,0 100000, and provid- S
lg for the levy of a tax. Z
Against the amendment to the Constitution =
elating to the payment of adjusted compen- L
ltion to bona fde residents of the State of
-ontana who served on active duty in the
rmy, Navy, Marine Corps of the United c
-ates in the world war, and to such said per-
who, being citizens of the United States, =
rived in the Naval, Military or Air forces of I
~ OF the governments associated with the \
States during said war authorizing
e mourning Of an Indebtedness authorizing
e issuing of bonds in an amount not to {
-ceed Four Million Five Hundred Thousand \
(s4,5OO, 100000, and providing for the !
w of a tax. K
Each elector shall designate his preference +.
making an x before the proposition for O'
nich said elector desires to vote.
Section A. That the votes cast for and Fl
the amendment above proposed shall
canvassed and determined as provided by n
e general election laws of the State of r
ontana.
Section S. All Acts and parts Of Acts in G
nfict herewith are hereby repealed.
Section 6. This Act shall take effect upon n
passage and approval. =
March 8, 1928.
IITED STATES OF AMERICA