Imperial Valley press., 1944-10-25
No. 100 OF Series Copyright. 1914 Erewug Industry Foundation

provided further. that specified numbers
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 As 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 the same issue and shall bo
determined and fixed by the Veterans
Finance Committee of 1943 according
to the ther prevailing market conditions.
but shall In no case exceed 6 per cent
per annIm. and the determination OF
said committee as 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 semiannual
intervals from the date of issuance OF
said bonds. provided, that the interest
coupon first payable may. II the Vet
lerans' Finance Committee OF l943 shall
so determine and specify. be payable
one year after the date Of issuance Of
said bonds.
99l.2 All actual and necessary ex-
penses Of the Veterans. Finance Com
mittee OF l943 and of the members
thereof incurred in the performance
OF 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
troller's warrant duly drawn for that
purpose. and shall constitute expenses
Of the Veterans Welfare Board.
99l.3. 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 artt.
lcle and they shall transmit to the Gov
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
joint committee of both. or any citt-
zen OF the State.
SEC 2. This act. II adopted by the
people. shall take effect on the fifteenth
day Of November. 1914. as TO all it's
provisions except those relating to and
people. and for returning. canvassing,
and proclaiming the votes, and as to
said excepted provisions this act shall
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
November. 1914. and all ballots at said
election shall have printed thereon and
I'm a square thereof, the words: For
the Veterans Bond Act OF l943." and
in the same square under said words
the following In brewer type This
act provides for bond issue OF thirty
million dollars t$30,0OO,000) to be used
by the Veterans Welfare Board In
lassisting California war veterans to
acquire farms or homes" In the square
Immediately below the square contain
ing such words there shall be printed
on said ballot the words. Against the
Veterans Bond Ac, of 1943." and in
the same square Immediately below said
words. Against the Veterans Bond Act
of l943." in BREWER type shall be printed
This act provides for a bond Issue Of
thirty million dollars ($3O. .000. .000 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 l943." there shall be left spaces
In which the voters may place a cross
In the manner required by law to indi-
cate whether they vote for or against
said act, and those voting for said acf
shall do so by placing cross opposite
the words For the VeteranS Bond Act
of 1913" and those voting against the
said act shall do 50 by placing "a "a cross JOSS
Grams Bond Act Of 1943." Provided
that where the voting of said general
election IL done by means OF VOTING
machines used pursuant to law In such
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. shall
be deemed to comply with the provisions
of this section. The Governor OF this
State shall include the submission OF
this act TO the people. as aforesaid. In
his proclamation calling for said gem
eral election.
SEC g. The votes cast for or against
this act shall be counted. returned and
canvassed and declared ia the same
manner and subject to the same rules
as votes cast for State of1cers and II
lit appear that said act shall have re-
lceiyed q ma jority Of all the votes cast
for and against II at said election as
laforesaid, then the same shall have
effect as hereinbefore provided. and
shall be irrepealable until the principal
and interest OF the liabilities herein
created shall be paid and discharged.
and the Governor shall make proclama-
ton thereof but If a ma jority of the
votes cast as aforesaid are against this
act then the same shall be and become
void.
| SEC IL shall be the duty of tha
Secretary of State In accordance with
law to have this act published In at
least one newspaper In each county, OF
lefty and county if one be published
therein. throughout this State, for three
months next preceding the general elec-
tion to be held In the month OF Novem-
Der. 1914, the costs of publication shall
be paid out OF the General Fund, on
Controllers warrants duly drawn for
that purpose and shall be refunded to
the General Fund out OF tho Veterans
Farm and Home Building Fund Said
refund shall be made upon Controllers
warrants duly drawn against said fund
| for said purpose upon dema nds audited