Imperial Valley press., 1944-08-02

signing, coun,ersigning. or endorsing
said bonds Each bond issued under
this article shall contain clause or
clauses stating that interest shall cease
Ito 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
l943 hereunder by virtue of which said
bond is issued
9g03 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 fac-simile
signature of the State Treasurer who
shall be in Office on the date of issuance
Of the bond to which said coupons per
tain
99O.4 All bonds issued under this
larticle and sold shall be deemed to nave
Ibeen called In at their respective dates
of maturity and the State Treasurer
shall, on the respective dates of matur'
Iity Of said bonds, or as soon thereafter
as 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 99o. ,
and perforate the bonds so paid with a
lsuita BILE device In manner to Indicate
such payment and the date thereof He
shall also, on the said respective dates
of maturity, cancel all bonds bearing
said dates of maturity and remaining
unsold by perforaiion with suitable
device in manner to indicate SUCH can
collation. and the date thereof The pro
| visions of this section shall be applica'
Bile also to the interest coupons per
tanning To the bonds authorized by this
article To be issued. and shall he appli'
cable, as far as practicable, to any duly
authorized agent of the State Treas
Iurer
| h. ri iat uG
from the General Fund IN tn" state
Treasury such sum annually aS will bf
necessary to pay the principal OF ant
the interest on the bonds issued and sold
pursuant to the provisions of this article
as said principal and interest become
due and payable
| There shall be collected annually tr
the same manner and at the same time
las other state revenue is collected SuCf
a sum. in addition ip the ordinary reve
lnues Of the STATE. as shall be required
10 pay the principal aud interest on sait
bonds as herein provided and u u
thereby made the duty Of all officers
Charged by law with any duty IN resart
to the collections Of said revenue. to az
land perform eacn ard every act whiCi
shall be necessary to collect such addi
ltional sum
On the several dates Of maturity o
said principal and interest In each hSca
lf;eneral Fund In the State treasury. al
Iof the moneys III the Veterans Farm
land Home Building Fund Of l9d3. not II
lexcess Of the principal of and interest o'
1.-The said bonds then due and payaDl
land in tn. event OF such moneys so re
turned on said dates of maturity beini
less than the said principal and intereS
then due and payable, then the balanc
REMAINING unpaid shall be returned int
the General Fund In the State treasur,
lout Of said Veterans Farm and Hon
building Fund of 1919 as soon there
latter as II shall become available. to
lgether with interest thereon from sue
dates of maturity until 80 returned.
1.-The rate of 5 per cent per annunI. com
. bounded semiannually
Both principal and interest Of sal
: bonds shall be paid when due upon war
, rants duly drawn against SAID appro
} lpriation from the General Fund by III
Controller of the State In favor of tn
lState Treasurer or In favor OF any dul
, authorized agent of the State Treasurer
! upon demands audited by the state De
. lpartment of Finance. and the moneys I
be returned into the General Fund In IN
, State treasury pursuant to the Prov
sIons Of this section shall likewise b
paid as herein provided upon warrant
! duly drawn by the Controller OF IN
lState upon demands duly audited by IN
. State Department Of Finance.
1906 The sum of thirty.nve thou
sand dollars tS35. .0O0) ls hereby appro
. priated out of any money in the stat
T Treasury not otherwise appropriated
: pay the expenses that may be incurre
by the State Treasurer In having sal
3 bonds prepared and In advertising thei
sale Said amount shall be refunded
! the General Fund In the State treasur
out Of the Veterans Farm and HON
l Building Fund of 1943 on Controller
E warrant duly drawn for that purpose.
:, 9907 When the bonds authorized
Ibe issued under this article shall t
/ duly executed, they shall be by the stat
, Treasurer sold at public auction to tn
9 highest bidder for cash, In such parcel
l land numbers as the said Treasurer sha
he directed by the Governor Of the Stat
+ under seal thereof after a resolutio
? requesting such sale shall have bee
eladopted by the Veterans Welfare Boar
I fland approved by the Governor OF IN