Imperial Valley press., 1944-10-11

provided further, that specified numbers
OF bonds Of specified numerical sequence
tervals. and provided further. that the
bonds last to mature In each Issue shall
mature not later than 45 years from the
date Of issuance thereof
The rate Of interest to he borne by
the bonds shall be uniform for al; the
bonds Of the same issue and shall be
and fixed by the Veterans
Finance Committee Of 1943 according
TO the ther prevailing market conditions.
but shall In no case exceed per cent
per annum. and the determination OF
said committee az to the rate of inter-
est shall be conclusive as to the then
prevailing market conditions. The In.
|terest coupons to be attached TO the said
bonds shall be payable at semiannun.
intervals from the date of issuance of
said bonds. provided. that the interest
coupon first payable may. II the Vet
|erans' Finance Committee of 1943 shall
SO determine and specify. be payable
one year after the date OF issuance OF
said bonds
99i.2. All actual and necessary ex-
penses of the Veterans Finance Conn
mittee OF l94S and Of the members
thereof incurred in the performance
lof their duties arising out Of the pro.
visions OF this article snail be paid out
Of the Veterans Farm and Home Build
ing Fund Of l943, upon approval of the
State Board of Control and on Con-
troller's warrant duly drawn for that
purpose. and shall constit:,:e expenses
Of the Veterans Welfare Board.
9913. The State Controller, the
State Treasurer and the Veterans FL
nance Committee of 1943 shall Keep
full and particular account and record
of all their proceedings under this artf-
Gle, and they shall transmit to the Cow
ernor an abstract of all such proceed
ings hereunder. with an annual report.
to be by the Governor laid before the
Legislature biennially: and all books
and papers pertaining to the matter
provided for In this article shall at all
times be open to the inspection of any
party 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-
zen OF the State.
SEC. 2. This act. II adopted by the
people, shall take effect on the fifteenth
/ Iday Of November, 1914, as to all Its
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 shall
take effect Immediately.
SEC g. This act shall be submitted
to the people Of the State of California
for their ratification at the next general
November. 1914. and all ballots at said
election shall have printed thereon and
in square thereof, the words: For
the Veterans Bond Act of l943.' ana
lin the same square under said words
1.-The following in BREWER type: This
act provides for a bond issue of thirty
million dollars $3.50 900, ,0O0) to be used
lby the Veterans Welfare Board In
assisting California war veterans 10
lacuuire farms or homes In the square
Immediately below the square contain,
ling such words. there shall be printed
on said ballot the words, Against the
Veterans Bond Act of 1943," and In
| the same square Immediately below salu
words, Against the Veterans Bond ACT
of l943." in BREWER type shall be prndes
This act provides for a bond Issue or
thirty million dollars $3.50. .0o0) 70
be used by the Veterans Welfare Board
lin assisting California war veterans 70
acquire farms or homes" Opposite ,ne
words For the Veterans Bono hpt pnd Ui
'l1943" and Against the Veterans bona
i Act Of I943," there shall be left spaces
lin which the voters may place cross
lin the manner required by law 10 lnu,
cate whether they vote Tor or aga'hst
said act. and those voting ss dos sanosite sa," a
1.-The words For the Veterar' Bona hct
Of l943" and those voting gainst the
said act shall do SO by placing cuoss
lopposite the words Against the VET
erans Bond Act or I'aS' -, "a ,on,er. aenar.i
election is done by means OF "'onS
,,,.chines used pursuant to law In such
manner as to carry OUT tne ,''en. VI
4, lthis section, such use or such VOTING
machines and the expression or the
Voters choice by means thereof. shall
; he deemed to comply with the provisions
~ This section. The Governor OF this
> State shall include the submission or
; this act to the people, as aforesaid. in
: his proclamation calling Tor SAID GEN.
eral election.
SEC. g. The votes cast for or against
n This act shall be counted, returned and
: canyassed and declared In the same
manner and subject to the same rules
as votes cast for State officers and if
r II appear that said act shall have re-
3 ceived a majority OF all the votes cast
lfor and against 1t at said election a3
h hlaforesaid, then the same snail have
effect as hereinbefOre provided. end
!. shall be irrepealable until the principal
4 and interest of the liabilities herein
9 created shall be paid and discharged.
and the Governor shall make proclamn-
e ton thereof. but II "a majority of the
g votes cast as aforesaid are against this
, lsct then the same shall be and become
4 fvoid.
q SEC. Z II shall be the duty of the
e Secretary Of State In accordance With
e law to have this act published In TT
y least one newspaper IN each county. or
II fIcity and county, II one be published
% therein, throughout this State. for three
% months next preceding the general cleo
y tion TO be held in the month of Novem-
d Der. 1874, the costs Of publication shall
be paid out Of the General Fund. on
" Controllers warrants duly drawn for
3 that purpose and shall be refunded to
IS the General Fund out of the Veterans
,s Farm and Home Building Fund Said
!. refund shall be made upon Controllers
n warrants duly drawn against said fund
Q for said purpose upon demands audited
;lby the State Department of Finance =.