The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1924-09-04

the state Oh Montana, to and IN the amount
Of the sum Of Four Million Five hundred
Thousand Dollars (s4.5O0, 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 (S1,0OO.OO) each,
and shall bear interest at a rate not exceed
ing hve and one-half per cent (572To) per
annum, payable semi-annually on the hrst
days Of January and July Of each year at
the office Of the State Treasurer OF the obate
Of Montana, or at some bank IN a CITY OUTSIDE
of the State of Montana designated py ths
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 ana pc
redeemable at the option of the state board
Of Examiners at any time after Ten wv
years from their date at any interest paying
period. The bonds herein referred to shaH
be in such form as may be prescribed py Jhe
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 nave m
terest coupons attached thereto covering tne
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 reeog-
nized as sufficient execution of SAID coupons
on behalf of the State of Montana.
The bonds provided for in this Article snail
be disposed of by the State Board OF examiners
in such manner as they shall deem Tor 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 Tor 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 Ior
the payment of the compensation provided IN
tbis Article and for paying the expenses OF
the administration thereof. For the purpose
of carrying out the provisions OF TINS ar
ticle there is hereby appropriated from the
Veterans CONDENSATION Fund the sum OF tour
Million Five Hundred Thousand Dollars
(s4. 800 100000 or so much thereof as may be
necessary.
section T.. All payments or allowances
made under this Article shall be exempt from
all taxation and from levy and sale on eN-
section s. That there shall be levied an
nually a tax not exceeding one mn on inc
dollar on all property in the State OF montana
subject to taxation, which said tax when col
leeted by the County Treasures of the eoun-
ties of the State of Montana shall be by them
accounted for and paid into the state Ifeas-
ury of the State of Montana and to De py
the State Treasurer placed in and creulted 70
a fund to be known as the veterans com
Bond Retirement Fund ana Whleh
fund shall be used exclusively for the pay
ment of principal and interest aecrulng on salu
bonds.
notary public or attorney for a service IN
connection with obtaining the llowance as
provided for by this Article shall be recog-
nized by the state and any person VINO Tor d
consideration discounts or attempts TO dis
count, or for a consideration advances money
upon any certificate or certificates issued pur-
suant to the terms Of this article shall be
guilty of a gross eme
Section 10. Any person who, WIN mIehI
to defraud, subscribed to any false oath or
makes any false representation, either IN tne
of the certificates provided Tor by
this Article or who, with intent to detraud,
presents to the State Auditor, or to any other
officer of the state, any certificate for the
purpose of obtaining funds provided Tor by
this Article which do not in fact belong 70
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.
ditional means for raising moneys Tor tne
payment of the interest and principal OF sald
bonds and this Act shall not be deemed to
provide an exclusive method for such payment
Section 8. That separate official ballots pc
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-
tion to bona fde residents of the State OF
who served on active duty IN the
Army. Navy or Marine Corps of the United
in the world war, and to such OF said
persons who, being citizens of the Onlted
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 (S4, 500, 100000, and provld-
ing for the levy of a tax.
Against the amendment to the Constitution
to the payment of adjusted compen-
sation to bona fde residents of the State OF
who served on active duty IN the
ARMY. Navy, Marine Corps of the United
in the world war, and to such said per-
sons 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 70
exceed -Four Million Five Hundred Thousand
Dollars ($4,500, 000.00), and providing Tor the
levy of a tax.
Each elector shall designate his preference
by making an "X' before the proposition Tor
said elector desires to vote.
Section a. That the votes cast Tor ana
against the amendment above proposed shall
be canvassed and determined as provided by
the general election laws Of the State OF
conflict herewith are hereby repealed.
Section 6. This Act shall take effect upon
its passage and approval.
Approved March 8, 1928.
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