Imperial Valley press., 1944-09-13

and all bids for said bonds. or for any OF
them which shall be below the par value
Of said bonds so offered plus the interest,"
which has accrued thereon between the
date of sale and the last preceding inter-
est maturity date and with the approV-
al of the Governor. he may from time
to time. by public announcement at the
place and time fixed for the sale. con
tinue such sale. as to the whole OF the
bonds offered. or any part thereof Of
fered, to such time and place as he may
select. Before offering any of said
bonds for sale the said Treasurer shall
detach therefrom all coupons which
have matured or will mature before the
day fixed for such sale.
99O.S. Due notice OF the time and
place Of sale of all bonds shall be given
by said Treasurer by publication In one
newspaper published in the City and
County of San Francisco and also by
publication in one newspaper published
lin the City of Sacramento and by publ
|cation In one newspaper published IN the
|City OF Los Angelica once a week during
flour weeks prior to such sale. In addi :.
Ition to the notice last above provided
for. the State Treasurer may give such
further notice as he may deem advtsa-
bic. but the expense and cost OF such ad-
ditionaI notice Thall not exceed the sum
of Ave hundred dollars ts500) for each
isale so advertised. The proceeds OF the
lsale Of such bonds and such amount as
may have been paid as accrued interest
thereon shall be forthwith paid over by
said Treasurer into the Veterans Farm
and Home Building Fund of l943 and
must be used exclusively In aiding vete-
Trans in the acquisition Of. or payments
lfor, farms and homes. In accordance
with the provisions of this article and
Article OF this chapter provided. that
the proceeds from the sale Of said
bonds may be used to pay the debt Gre
sted by the issuance and sale thereon.
99O.9 The Veterans Welfare Board
Ia authorized. with the approval Of the
state Department of Finance, to invest
any surplus moneys In the Veterans
Farm and Home Building Fund of 194J
lin bonds of the United States, or OF the
State Of California. or Of the several
counties or municipalities or other
noIiticaI subdivisions Of the State OF
ICalifornia. and to sell such bonds. OF
any % them. at the governing market
rates upon approval of the State De-
part, ient Of Finance. or the veterans
Welfare Board may, with the approval
of the Director Of Finance, invesi
lmoneys In such fund. In interest-bearing
certificates of deposit OF State banks
having a pad-up capital OF five hundred
Thousand dollars tS50o,000) or more
lprovided that the total amount oi
lmoney SO deposited with any one bank
shall not exceed a sum equal to SO PEI
lcent Of the paid-up capital of such bank
provided, however, that nothing hereir
lcontained shall inhibt or be construed
Ito inhibit the depositing in banks II
accordance with the provisions OF az
act entitled AN act to authorize and
control the depositine In banks Of
, moneys belonging to or In the custody o.
the State and TO repeal ell acts or parts
! of acts conflicting with this act" ap
&, lproved April l2, 1928, and of any and al
: acts amendatory thereof or supplement
ltal thereto. of moneys Of any OF IN
l.. t,,t he ~ hn
g rams Welfare Board or appropriated fo
7 Its use
interest sccruing upon the deposit o
moneys Of the Veterans Farm an'
Home Building Fund Of 1913 shall b.
s pa Id into and credited to said fund.
8 991 There is hereby created Vete
J rams Finance Committee Of l943 com
D posed Of the Governor. State Controller
4 State Treasurer, Director Of Finance
and chairman Of the Veterans W4lfar
Board. all of whom shall serve thereof
( without compensation and a majorit
] of whom shall be empowered to act TO
e said COMMITTEES The Attorney Genera
] of the State shall be the legal ADVISE
n OF the Veterans Finance Committee o
n 1919
e fare Board. supported by statement
: the plans and projects OF the Veterans
z Welfare Board with respect thereto. IN
Il Veterans Finance Committee OF l94
e shall determine whether or not bon
q issue under this article is necessary .
y desirable to carry such plans ana pro.
q ects into execution.
: 9yI1 Whenever the said Veteran
}. Finance Committee of 1943 shall nav
h determined that bond issue under TN
Il article is necessary or desirable 10 carr
!. such plans and projects into execution
II shall adopt a resolution TO this enec
d 1.-The said resolution shall authorizes an
: direct the State Treasurer to prepare tr
} requisite number OF suitable bonds an
e shall specify
y Ipsr value, and the date OF issuance
T 1.-The bonds to be issued
=. 2 The date or dates Of maturity.
tolthe bonds to be issued and the nunip'
le and numerical sequence OF the pon'
l. maturing at each date of maturity,
,eI The annual rate OF interest," Wink
ts the bonds to be issued shall bear
lel 4. The number, numerical sequenc
lie amount or amounts and the dates
maturity OF the interest coupons 10
J. attached to the said bonds.
D. The technical form and langual
70 lOf the bonds to be issued ana Oh q
TO Interest coupons to be attached thefct
I'd In determining the date or dates
ID maturity Of the said bonds and q
lr amount of bonds maturing NJ .ach ga
TO lof maturity, the Veteran9' tlnan
~ Committee OF 1943 shall he guided
ie the amounts and dates of ma.urity >,
q the revenues estimated to accrue TO Y
Veterans Welfare Board from 9
to toltransactions to be financed by each
be sue. and shall fix and determine ga
te dates and amounts In such manner tnf
he together with the dates and amounts
ls interest payments on the said BOND
III sue. they shall coincide. a3 nearly
e, practicable, with the dates and amour
1nlof such estimated revenues: provide
THAT the bonds first to mature IN ca
rd Issue. shall mature not lator than n
from the date Of issuance thereo