The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1924-10-30

e on the first day Of January or the first da
e Of July and shall become due and payabl
e twenty (20) years from their date and b
redeemable at the option of the State Boar,
Of Examiners at any time after ten 40
2 years from their date at any interest payins
2 period. The bonds herein referred to shall
be in such form as may be prescribed by thi
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 tht
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
tS4.500,000.00) or so much thereof as may be
necessary.
Section Z. All payments or allowances
made under this Article shall be exempt from
all tqxafion and from law opd Gale ~ Nv
e%cution.
Section s. That there shall be levied an
nually a tax not exceeding one mill on the
dollar on all property in the State of Montana
lected by the County Treasurers Of the coun-
ties of the State of Montana shall be by them
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
Bond Retirement Fund and which
fund shall be used exclusively for the pay
ment Of principal and interest accruing on said
bonds.
Section 8. No 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-
nlzed by the state and any person who for a
consideration discounts or attempts to dis
or for a consideration advances money
lpon any certificate or certificates issued pur-
5uant to the terms of this article shall be
guilty of a gross misdemeanor.
Section 10. Any person who. with intent
% defraud, subscribed to any false oath or
makes any false representation, either in the
of the certificates provided for by
his Article or who, with intent to defraud,
PRESENTS to the State Auditor, or to any other
'ficer of the state, any certificate for the
purpose of obtaining funds provided for by
his Article which do not in fact belong to
UGH person, or makes any false representation
n connection with obtaining any funds under
ne terms of this Act, shall be guilty of a :
ebony. {
Section II. The legislature may provide ad- {
ltional means for raising moneys for the
Of the interest and principal Of said
onds and this Act shall not be deemed to
rovide an exclusive method for such payment. g
Section 3. That separate official ballots be
rovided at the general election to be held
I November, 1924, which shall have printed
lereon the words r
For the amendment to the Constitution re- L
ting to the payment Of adjusted compensa-
on to bona ide residents of the State of
Lontana who served on active duty in the
rmy, Navy or Marine Corps of the United
tates in the world war, and to such of said Fl
ersons who, being citizens of the United
-ates, served in the Naval, Military or Air v
rces of any of the governments associated ~
18th the United States during said war .
the mourning of an indebtedness Il
the issuing of bonds in an amount Fl
ot to exceed -Four Million Five Hundred y
lousand Dollars ($4,50O, OO0.O O), and provid- y
g for the levy of a tax. a
Against the amendment to the Constitution n
lating to the payment of adjusted compen- 1
tion to bona fide residents of the State of a.
ontana who served on active duty in the r
Navy, Marine Corps of the United y
in the world war, and to such said per- +
MS who, being citizens of the United States, NJ
wed in the Naval, Military or Air forces of y
y OF the governments associated with the
lited States during said war; authorizing .Jr
mourning of an indebtedness authorizing NJ
issuing of bonds in an amount not to wi
iced Four Million Five Hundred Thousand fe
liars ($4,5OO, 900. OO). and providing for the
y of a tax.
Zach elector shall designate his preference 81
making an "X' before the proposition for
ich said elector desires to vote.
section 4. That the votes cast for and
the amendment above proposed shall
canvassed and determined as provided by LII
general election laws of the State of
ntana.
section 5. All Acts and parts of Acts in
Ihict herewith are hereby repealed.
'ection 6. This Act shall take effect upon
passage and approval. TT
approved March 8, 1923.