Imperial Valley press., 1934-09-04

/ interest maturity date: and with the
approval of the Governor, he may from
time to time, by public announcement
at the place and time fixed for the sale,
continue such sale, as to the whole of
the bonds offered, or any part thereof
offered. to such time and place as he
may select. Before Offering any of
shall detach therefrom all coupons
which have matured or will mature
before the day fixed for such sale.
Sec. 8. Due notice OF the time and
place of sale of all bonds must be
given by said Treasurer. by publica-
Y HR IN and one al sp published in the
also by publication in one newspaper
published in the city of Sacramento
and by publication in one newspaper
published In the city. Of Los Angeles
to such sale. In addition to the notice
last above provided for. the State
treasurer may give such further notice
as he may deem advisable. but the ex-
peti"s pense ssad and Co cost OF such additional
hundred dollars for each sale 30
advertised. The proceeds of the sale
OF such bonds and such amount as may
nave been paid as accrued interest
by said Treasurer into the veterans
farm and home building fund and must
be used exclusively in aiding veterans
In the acquisition of. or payments for,
farms and homes, In accordance with
and Home Purchase Act. and of any
and all acts amendatory or supple
mental to said act; provided, that the
proceeds from the sale of said bonds
by the Issuance and sale thereof.
SEC. o.. The Veterans welfare
Board shall be and hereby is author
lied, with the approval of the State
Board OF Control, to invest any surplus
moneys in any OF the funds subject to
OF the United States, or of the State of
California, or of the several counties
or municipalities or other political sub
divisions of the State of California,
and to sell such bonds, or any of them,
at the governing market rates, upon
approval OF the State Board of Con-
troll: or, the Veterans Welfare Board
may, with the approval Of the Director
OF FINANCE, invest moneys in any of
the funds subject to the control of the
ated for Its use, in interest bearing
certificates of deposit of State banks
having. a paid up capital of five hum
dred thousand dollars or more pro-
so deposited with any one bank shall
not exceed sum equal to fifty per
cent OF the paid up capital of such
bank provided, however, that nothing
HeTeln contained snail inhtbtt or be
construed to inhibit the depositing i'm
banks In accordance with the proyi-
sfons Of an act entitled AN act to
authorize and control the depositing in
banks of moneys belonging to or in
the custody of the State and to repeal
all acts or parts Of acts conflicting
with this act" approved April IL, 1928,
and of any and all acts amendatory
thereof or supplemental thereto. of
moneys Of any Of the funds subject to |
the control of the Veterans Welfare |
Board or appropriated for It's use.
Interest accruing upon the deposit |
OF moneys appropriated for the use of |
the Veterans Welfare Board or of any |
Of the funds subject to the control Of |
said board shall be paid into and |
credited to the respective appropriation |
Or fund to which the money so |
deposited belongs.
SEC. 10. There is hereby created a
Veterans Welfare Finance Committee
OF the Governor, State Con-
troller, State Treasurer. chairman of |
the State Board of Control, and chair
man of Veterans Welfare Board, all
of whom shall serve thereon without
and a majority of whom
shall be empowered to act for said
The Attorney General of
he State shall be the legal adviser of
he Veterans Welfare Finance Com
nittee.