Imperial Valley press., 1944-09-13

signing. countersigning. or endorsing
said bonds. Each bond issued under
this article shall contain a clause or
clauses stating that interest shall cease
to accrue thereon from and after the
date of maturity thereof and referring
to this article and to the resolution of
the Veterans Finance Committee of
1913 hereunder by virtue Of which said
bond is issued
99O.3. The requisite number Of suit
able interest coupons, appropriately
numbered. shall be attached to each
bond issued under this article Said
interest coupons shall bear the facsimile
signature of the State Treasurer who
shall he In Office on the date OF issuance
of the bond to which said coupons per-
tain -
9sO4. All bonds issued under this
article and sold shall be deemed to have
been called in at their respective dates
of maturity and the State Treasurer
shall. on the respective dates of matur-
ity Of said bonds, or as soon thereafter
las said matured bonds are surrendered
TO him. pay the same out of the proceeds
of the Controllers warrants drawn IN
his favor as provided in Section s9O.5
and perforate the bonds so paid with a
suitable device In a manner to indicate
such payment and the date thereof He
shall also on the said respective dates
of maturity. cancel all bonds bearing
unsold, by perforation with suitable
device In a manner to indicate such can
collation. and the date thereof The pro.
visions of this section shall be appltca-
| Bile also to the interest coupons per
tanning to the bonds authorized by this
larticle TO be issued, and shall be appli'
cable, as far as practicable, to any duly
authorized agent of the State Treas
Iurer
1905 There is hereby appropriated
lfrom the General Fund In the state
Treasury such sum annually as will ot
necessary to pay the principal OF anC
1.-THE interest on the bonds issued and sole
pursuant to the provisions of this article
as said principal and interest become
due and payable
| There shall be collected annually II
1.-THE same manner and at the same tim'
as other State revenue rs collected sucf
a sum, In addition TO tn. ordinary reVe
lnues OF the State, as shall be required
to pay the principal and interest on sait
bonds as herein provided. and II !,
thereby made the duty of all offcer'
Icharged by law with any duty In regart
lto the collections Of said revenue, to a.
Iand perform each and every act whicl
lshslI bt necessary to collect such addi
ltional sum
on the several dates Of maturity o
lsaid principal and interest In each fisca
!lyear. there shall he returned into tn
lof the moneys IN the Veterans Farm
land Home Building Fund Of l943, not II
lexcess OF the principal Of and interest 0l
lth. said bonds then due and payabl
land in the event OF such moneys so re
turned on said dates Of maturity bein
less than the said principal and lnteres
then due and payable, then the balanc
REMAINING unpaid shall be returned int
1.-The General Fund In the state treasur
Iout of said Veterans Farm and Hon
building Fund of l943 as soon there
latter as It shall become available, 70
lgeth.r with interest thereon. from sue
dates Of maturity until so returned.
1.-THE rate Of 5 per cent per snnum. CON
pounded semiannually
Both principal and interest Of sal
. bonds shall be paid when due upon wal
, rants duly drawn against said appre
} lpriatton from the General Fund by "
'lController of the State In favor OF th
lState Treasurer or In favor OF any dui
, authorized agent Of the State Treasure
lupon deman nds audited by the state u.
. lpartment of Finance, and the moneys
lbe returned into the General Fund IN tr
,lState treasury pursuant to the PROV
lsions Of this section shall likewise I
paid as herein provided upon warran,
, lduly drawn by the Controller or u
lState upon demands duly audited by u
: elState Department Of Finance.
n 1906. The sum Of thirty-hve tno,
lsaHO OOIldTS ' ttoJ,VVVJ 40 hS SDy
. lpriated out OF any money In the sta
r Treasury not otherwise appropriated
,lpay the expenses that may be incurIt
| by the State Treasurer in having sal
! slbonds prepared and In advertising, the
sale. Said amount shall bo refunded
1 the General Fund In the State treasul
lout of the Veterans Farm and hon
I building Fund OF 1913 on Controller
E Warrant duly drawn for that purpose
Il 1907. When the bonds authorizeo
!. lbe Issued under this article shall
l lduly executed, they shall be by the sta
. ITreasurer sold at public auction to u
9 highest bidder for cash, in such parce
4 land numbers as the said Treasurer sna
+. be directed by the Governor OF the ssIa.
E rlunder seal thereof, after resoiutl'
. q dopted by the Veterans Welfare Boa,
fland approved by the Governor OF y