The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1924-09-11

Thousand Dollars (S4,500, 000.00) in excess oil
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
If One Thousand Dollars Isl, 0O0.00) each,
and shall bear interest at a rate not exceed
ing five and one-half per cent $3.50 per
annum, payable semi-annually on the first
davs of January and July of each year at
NE Office of the State Treasurer Of the State
of Mr1tana, or at some bank in a city outside
OF the safe 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 (2O) years from their date and be
redeemable at the option of the State Board
Of Examiners at any time after ten (lO)
wears 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
tarest 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 ;ssaod uader the provisions of this
! Article sAel be a legal Investment for any
of the funds of the state.
Section 6. The money arising from the
- g aaoh Issue re hapI- choT1 a Ia4aai4aI
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
(S4, 500, O00.0O) 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-
e%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
lected by the County Treasurers of the coun-
ties of the State of Montana shall be by them
accounted for and paid into the State Treas
ury of the State of Montana and to be by
the State Treasurer placed in and credited to
a fund to be known as the Veterans Com
pensation Bond Retirement Fund and which
fund shall be used exclusively for the pay
ment Of principal and interest accruing on said
bonds.
Section 8. Nc charge made by any agent,
notary public or attorney for a service in
connection with obtaining the allowance as
provided for by this Article shall be recog-
nized by the state and any person who for a
consideration discounts or attempts to dis
count, or for a consideration advances money
suant to the terms of this article shall be
guilty Of a gross misdemeanor
Section 10. Any person who, with intent
to defraud, subscribed to any false oath or
makes any false representation, either in the
execution of the certificates provided for by
this Article or who, with intent to defraud,
presents to the State Auditor, or to any other
officer of the state, any certificate for the
purpose of obtaining funds provided for by
this Article which do not in fact belong to
such person, or makes any false representation
in connection with obtaining any funds under
the terms Of this Act, shall be guilty of a
felony.
Section IL. The legislature may provide adj
ditional means for raising moneys for the
payment of the interest and principal of said
bonds and this Act shall not be deemed to
provide an exclusive method for such payment.
Section 8. That separate official ballots be
provided at the general election to be held
in November. 1924, which shall have printed
thereon the words
For the amendment to the Constitution re-
lating to the payment of adjusted compensa-
ton to bona fide residents of the State of
Montana who served on active duty in the
Army, Navy or Marine Corps of the United
States in the world war, and to such of said
persons who, being citizens of the United
States, served in the Naval, Military or Air
forces of any of the governments associated
with the United States during said war
authorizing the mourning of an Indebtedness +;
authorizing the issuing of bonds in an amount
not to exceed -Four Million Five Hundred
Thousand Dollars 81 ,500,0 900. 00), and provid-
ing for the levy of a tax.
Against the amendment to the Constitution
relating to the payment of adjusted compen-
sation to bona ide residents of the State of
Montana who served on active duty in the
Army, Navy, Marine Corps of the United
States in the world war. and to such said per-
served in the Naval, Military or Air forces of
United States during said war; authorizing
the mourning of an indebtedness authorizing
the issuing of bonds in an amount not to
exceed Four Million Five Hundred Thousand
Dollars $4,000. 900. 00). and providing for the
levy of a tax.
Each ~elector shall designate his preference
by making an tx" before the proposition for
which said elector desires to vote.
Section A. That the votes cast for and
against the amendment above proposed shall
be canvassed and determined as provided by
the general election laws of the State of
Montana.
Section 5. All Acts and parts of Acts in
conflict herewith are hereby repealed.
Section 6. This Act shall take effect upon
its passage and approval.