Imperial Valley press., 1944-08-30

signing. countersigning, or endorsing
said bonds. Each bond issued under
this article shall contain clause or
clauses stating that interest SHAH cease
| to accrue thereon from and after tne
date of maturity thereof and referring
| to this article and to the resolution ol
the Veterans Finance Committee OF
l1943 hereunder by virtue of which SAID
bond is issued
9Y03 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 facsimile
signature of the State Treasurer who
shall be in office on the date of issuance
of the bond to which said coupons per-
tain
1904. All bonds issued under this
article and sold shall be deemed to have
been 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 9J0.5
and perforate the bonds so paid with a
suitable 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 perforatiOn with a suitable
device in manner TO indicate such can
cellation 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 TINS
article to be issued. and shall be appii-
cable, as far as practicable, to any duly
authorized agent of the State Treas
urer
1905 There is hereby appropriated
from the General Fund in the State
Treasury such sum annually as VIII DE
necessary TO pay the principal of and
1.-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 In
the same manner and at the same time
as other State revenue Is collected Such
a sum, In addition to the ordinary reve.
nues of the State, as shall be required
to pay the principal and interest on said
bonds as herein provided. and II Is
thereby made the duty OF all ofncerss
charged by law with any duty In regard
TO the collections of said revenue. to &c
and perform each and every act which
shall be- necessary to collect such addl-
ltional sum
on the several dates Of maturity OF
said principal and interest In each hscal
year. there shall be returned into the
Ifieneral Fund in the State treasury. all
of the moneys IN the Veterans Farm
and Home Building Fund of l943. not In
lexcess of the principal OF and interest on
the said bonds then due and payable
and. In the event OF such moneys SO re-
turned on said dates OF maturity Delne
less than the said principal and lntereS,
then due and payable. then the balance
Remaining unpaid shall be returned int
1.-The General Fund In the State treasury
Iout OF said Veterans Farm and Home
building Fund of 1943 as soon there
latter as IL shall become available. To-
|gether with interest thereon. from such
dates of maturity until so returned, al
1.-The rate Of per cent per annum, com
bounded semiannually.
Both principal and interest of said
bonds shall be paid when due upon war
lrants duly drawn against said appro
lpriation from the General Fund by the
lController of the State in favor of tht
State Treasurer or in favor of any duly
authorized agent of the State Treasurer
lupon demands audited by the state De
lpartment of Finance, and the moneys u
lbe returned into the General Fund In the
State treasury pursuant to the Prov
lsions of this section shall likewise be
lpald as herein provided upon warrants
duly drawn by the Controller or the
State upon demands duly audited by the
State Department of Finance.
/ 1906. The. sum Of thirty-five thou
sand dollars t$35, 5,000) is hereby appro
lpriated out of any money In the Statf
Treasury not otherwise appropriated Il
Ipay the expenses that may be incurred
lby the State Treasurer in having saio
lbonds prepared and In advertising thell
sale. Said amount shall be refunded tt
1.-THE General Fund in the State treasury
lout OF the Veterans Farm and Home
building Fund of 1943 on Controllers
Warrant duly drawn for that purpose
| 1907. When the bonds authorized t'
be issued under this article shall b.
lduly executed, they shall be by the otat'
Treasurer sold at public auction to tht
highest bidder for cash, In such parceii
land numbers as the said Treasurer shal
lbe directed by the Governor OF the state
lunder seal thereof. after a resolution
lrequesting such sale shall have peer
adopted by the Veterans Welfare Boar