Imperial Valley press., 1944-08-09

Of bonds Of specified numerical sequence
shall thereafter mature at annual In
tervals. and provided further. that the
bonds last to mature in each issue shah
mature not later than IS years from the
date Of issuance thereof.
The rate of interest to be borne by
the bonds shall be uniform for all the
bonds of tho same Issue and shall be
determined and fixed by the Veterans
Finance Committee of 1943 according
to the then prevailing market conditions,
but shall in no case exceed per cent
per annum, and the determination OF
said committee as to the rate OF Inter-
est shall he conclusive as to the then
prevailing market conditions. The In
terest coupons tn be attached to the said
bonds shall be payable at semlannual
intervals from the date of issuance of
said bonds. provided. that the interest
coupon frat payable may. If the Vet.
Grams Finance Committee OF 1913 shall
so determine and specify. he payable
one year after the date of issuance OF
said bonds.
9912. All actual and necessary ex"
penses Of the Veterans Finance Com
thereof incurred in the performance
Of their duties arising out OF the pro-
visions of this article shall be paid out
of the Veterans Farm and Home Build
ing Fund of 1943. upon approval of the
State Board of Control and on Con-
purpose. and shall constitute expenses
Of the Veterana' Welfare Board.
991.3. The State Controller, the
State Treasurer and the Veterans, FL
nance Committee of 1913 shall keep
full and particular account and record
of all their proceedings under this arti-
Gle. and they shall transmit to the Gov
ernor an abstract OF all such proceed
ngs hereunder. with an annual report,
to be by the Governor laid before the
| l. til ,.J al hnn -
and papers pertaining to the matter
provided for in this article shall at all
tines he open to the inspection of any
parry interested. or the Governor, or
the Attorney General. or a committee
Of either branch of the Legislature, or
a joint committee Of both, or any citi-
gen of the State.
Sec. g. This act, If adopted by the
people, shall take effect on the fifteenth
day Of November. 1914. as to all its
provisions except those relating to and
necessary for its submission to the
people. and for returning. canvassing.
and proclaiming the votes. and as to
said excepted provisions this act shall
take effect Immediately.
SEC g. This act shall he submitted
to the people Of the state OF California
| for their ratifcatio at the next general
election, to be held in the month OF
November. 194t. and all ballots at said
election shall have printed thereon ana
lin square thereof. the WORDS for
the Veterans Bond Act Of 1S43.' ana
the following in brewer type This
act provides for bond issue OF thirty
million dollars tS3O.000. .0O0l to be used
by the Veterans Welfare Board In
assisting California war veterans to
acquire farms or homes" In the squere
below the square contain
ling such words, there shall be printed
on said ballot the words. Against the
Veterans Bond. Act Of 1943, ana IN
the same square Immediately below SAID
words. Against the Veterans Bond ACT
of i94a," in BREWER type shall be printed
This act provides for bond issue OF
thirty million dollars $3.50, ,OOO,O0o) TO
be used by the Veterans Welfare Board
In assisting California war veterans TO
acquire farms or homes" Opposite the
words For the Veterans Bond Act of
1943" and Against the Veterans BOND
Act of I943," there shall be left spaces
lin which the voters may place cross
In the manner required by law TO indi.
cate whether they vote Tor or against
i said act, and those voting for SAID act
shall do so by placing cross opposite
the words For the Veterans Bond Act
Iof l943" and those voting against me
said act shall do 50 by placing Cross
opposite the words Against the ve.-
Grams Bond Act of 1913" Provided;
that where the voting of said general
election is done by means OF voting
machines used pursuant to law IN sucn
manner as to carry out the intent OF
this section, such use OF such voting
=. machines and the expression or the
voters choice by means thereof, shalI
be deemed to comply with the provisions
lof this section The Governor OF this
lState shall include the submission OF
this act to the people. as aforesa,h, III
. his proclamation calling for SAID gen.
erai election.
SEC 6 The votes cast for or against
\ this act shall be counted, returned ana
; lcanvassed and declared In the same
manner and subject to the same rules
I as votes cast for State ofiicers. ana II
1t appear that said ac, shall nave re,
= ceiyed a majority OF all the votes cast
for and against II at aaid eiectioh us
!, aforesaid, then the same shall nave
leffect rs hereinbeforc provided, enu
, shall be irrepcr liable until the princlpai
and interest OF the liabilities herei,'
/, lcreated shall be paid and discharSeu'
land the Governor shall make proclama-
|. ton thereof but II a majority OF the
Il votes cast as aforesaid arc against TINS
act then the same shall be ana become
Z void
! SEC. II shall be the duty OF the
; secrntery of State In accordance with
: law to have thia act published In 81
\ least one newspaper IN each county. OF
I lefty and county, II one be published
4 therein, throughout this State, for three
e months next preceding the general elec-
: ltion 70 be held In the month OF Novem.
/ her, 1914, the costs Of publica tion shall
!, be paid out cf the General Fund. OF
I flController's warrants duly drawn for
-lthat purpose and shall be refunded tc
the General Fund out OF the Veterans
3 Farm and Home Building Fund. Said
!, refund shalt be made upon Controllers
h hlwarrants duly drawn against said fund
elfor said purpose upon demands audites
;lby the State Department OF Finance.