The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-10-30

the proper certificatesto enable hin
to accept such application. The Stats
Auditor is hereby authorized ant
directed to procure such printing Azt
office supplies and equipment, and tx
employ such persons as may be neceS-
sary in order to properly carry out
the provisions of this Article, and al,
expenses incurred by him in the adj
ministration of this Article be paid
by warrants drawn upon the Veter-
ans Compensation Fund.
The Adjutant General shall advise
with and assist the State Auditor in
the performance of the duties of the
Auditor under this Article.
Section 5. For the further pur-
pose of providing means for the pay
ment of compensation hereunder and
for paying the expenses Of admins
tration, the State Board of Emanli-
ners of the State of Montana is hero
by authorized, empowered and di-
rected 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 of the sum of -Four Mil
lion Five Hundred Thousand Dollars
"a, O0,000.00) in excess of the con-
stitutional limitation of indebtedness
of the State of Montana, and over and
above any bonded Indebtedness of
said state heretofore created or in
Cured for which said state is row
obligated. The bonds provided for
in this Article shall be issued in de-
nomination of One Thousand Dollars
(S1, 100000 each, and shall bear in
terest at a rate not exceeding five and
one-half per cent (5h%) 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 ho-
come due and payable twenty (20)
years from their date and be re-
deemable at the option Of the State
Board of Examiners at any time after
ten (10) 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 interest coupons attached
thereto covering the interest due
semi-annually, which coupons shall
be executed with facsimile sigma
lures Of all the members of the State
Board of Examiners, and the signing
of said coupons with said facsimile
signature shall be recognized as suTfi-1
execution of said coupons on be-
half of the State of Montana.
The bonds provided for in this
Article shall be disposed Of by the
Board of Examiners in such
as they shall deem for the
pest interests of the State in carry
ing out the provisions of this Article;
provided, that no bond shall be dis-l
posed of for less tim it's par value
Bonds issued under the provisions
of this Article shall be a legal invest
ment for any of the funds of the
State.
Section 6. The money arising
from the sale of each issue of bonds
deposited in the State Treas
ury to the credit of a special fund
to be known as the Veterans Com
pensation Fund" which shall be used
for the payment of the compensation
provided in this Article and for pay
the expenses of administration
thereof. For the purpose of carryir.g
out the provisions of this Article
4 - - /, oroJxy nnrnnriofnd from fht.I
Veterans Compensation, Fund the
sum OF Four Million Five Hundred
Thousand Dollars ($4, 800, 000.0Ol
or so much thereof as may be %neces-
sary.
Section Z. All payments or IL
lowances made under this Article
shall be exempt from all taxation and
from levy and sale on execution.
Section 8. That there shall be
levied annually a tax not exceeding
mill on the dollar on all property
the State Of Montana, subject TO
taxation, which said tax when col
lected by the County Treasurers OF
counties of the State of Montana
shall be by them accounted for and
paid into the State Treasury of the
State of Montana and to be by the
State Treasurer placed IN and cred-l
ted to a fund to be known as the
Compensation Bond Re
,irement Fund" and which fund shall
De used exclusively for the payment
the principle and interest accru-
ng on said bonds. /,
"Section 8. . no charge made by
agent, notary public or attorney
or a service in connection with OBJ :
the allowance as provided for
" this Article shall be recognized by
he state and any person who for a
consideration discounts or attempts
discount, or for a consideration 7
ldvances money Upon IN certificate t
" certificates issued pursuant to the I
erms of this Article shall be guilty
If a gross -misdemeanor.
sSection 10. Any person, who I
With intent to defraud, subscribes to
false oath or makes any false E
representation, either in the execr- ,
of the certificates provided for
" this Article or who with intent to 1
presents to the State Audi r
or to any other officer of the