Imperial Valley press., 1944-09-13

of bonds of specified numerical sequence
shall thereafter mature at annual In
tervals. and provided further. that the
bonds last to mature I'm each issue shall
mature not later than i5 years from tho
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. ard the determination or
said committee az to the rate OF inter-
est shall he conclusive as to the then
prevailing market conditions. The IN
lterest coupons to be attached to the said
bonds shall be payable at semiannual
intervals from the date of Issuance or
lsaid bonds. provided. that the interest
lprans' Finance Committee of l943 shall
so determine and specify. be payable
one year after the date of issuance or
said bonds.
99i.2. An actual and necessary ex-
penses Of the Veterans Finance Com
| mjttee of l943 and of the members
thereof incurred In the performances
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 1913. upon approval OF the
State Board of Control and on Con-
troller's warrant duly drawn for that
purpose, and shall constitute expenses
Of the Veterans Welfare Board.
9913. The State Controller. the
State Treasurer and the Veterans, FL
nance Committee of l943 shall Keep
full and particular account and record
of all their proceedings under TINS art-
lclc. and they shall transmit to the Gov
ernor an abstract of all such proceed
Iingg Hereunder. with an annual report,
to be by the Governor laid before the
Legislature biennially and all hooks
and papers pertaining to the matter
provided for In this article shall at all
times be open to the inspection OF any
marty Interested, or the Governor, or
1.-The Attorney General, or a committee
of either branch of the Legislature, or
la Joint committee OF both, or any cili-
zen of the State.
/ SEC 2 This act. If adopted by the
peopIe shall take effect on the fifteenth
day of November. 1914, as to all It's
lprovisions except those relating to ana
necessary for its submission to the
people and for returning, canvassing,
and proclaiming the votes, and as to
said excepted provisions this act snail
take effect Immediately
|: SEC 3. This act shall be submitted
TO the people of the state OF California
for their ratification at the next general
ELECTION, to be held in the. month OF
I, November. 1914. and all ballots at said
election shall have printed thereon ana
lin a square thereof. the words for
, the Veterans Bond Act of 1945, arg
, lin the same square under said %ords
The following In brewer type This
lact provides for n bond issue of thirty
million dollars ts30.000.00O) to be used
by the Veterans Welfare Board IN
! aFsisting California war veterans 10
Immediately below the square contain,
: ing such words. there shall be printed
, on said ballot the words Against tne
Veterans Bond Act of 1e43. ana IT
L., Ia fol holnW
! words, Against the veterans Bono &C. I
J of Ie43," in BREWER type shall be prhdeu
= This act provides for bond issue OF
Thirty million dollars 1880 ,oOo.on 70
be used by the Veterans welfare eoara ,a
: in assisting California war veterans TO
: lacnuire farms or homes" Opposite the
:, words For the Veterans Bond Act OF
e 1913" and Against the Veterans Bond
!, Act of I943," there shall be left spaces
y in which the voters may place cross
!, I'm the manner required by law to indi-
- cate whether they vote FOR or against
!, said act and those voting for SAID acu
u shall do 80 by placing q croas opposite
the words For the Vete!an> Bond Act
% lof l943" and those voting against the
!, said act shall do 80 by placing cross
5 opposite the words Against the Vet
. Grams Bond Act of 1913" Provided;
u that where the voting Of said general
" election is done by means OF "lting
!. machines uaed pursuant to law III sucI,
manner as to carry out the intent on
d, this section, such use OF such voting
-. machines end the expression or the
4. voters choice by means thereof, shali
" be deemed to comply with the proV,s,ohis
n of this section The Governor OF this
+ lState shall include the submission OF
ri this act to the people. AS aforesaid, Ut
,e his proclamation calling for SAID gen
ID eral election.
Src 6 The votes cast for or against
te this act shall be counted. returned ano
" canvasssd and declared In the Sans
manner and subject to the same ruies
ar II appear that said act shall nave re-
Is Iceived o. majority OF all the votes cas-
for and against II at said election 81
n aforesaid. then the same shall havt
effect Us herelnbeforc provided. IN.
-, shall be irrepealablc until the princlpa
ufland interest of the liabilitica hcre,,
be created shall be paid and clschargeu
and the Governor shall make proclaina
ze tion thereof but IL "A majority OF IN
no votes cast as aforesaid are against tn
@ act then the same rha,i be and bccom
Of void
hel SEC. 7 It shall be the duty cf IN
te Secretary Of State In accordance WAli
cel Law, IN have thjo act published In e
by least one newspaper II enen couhny,
oflcity and county, II one be puhllshe'
he therein, throughout this State, for tnre
he months next preceding the general eiec
s- tion to be held In the month OF NoVem
i'd Der, 1914, the costs of publication shal
1t. be paid out of the Generai Funo' % %
of Controllers warrants duly drawn 70
Is THAT purpose and shall be refunded I
1.-The General Fund out OF tho Veterans
ltglFarm and Home Building Fund. sal
ID, refund shall be made upon Controller
ch warrants duly drawn against said fun
vel for said purpose upon demands audite
4 ;lby the State Department of Finance. ?
o.