Imperial Valley press., 1944-08-09

Isigning, countersigning, or endorsing
isaid bonds Each bond issued under
this article shall contain a clause or
clauses stating that interest shall cease
to accrue thereon from and after the
date of maturity thereof and referring
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
Interest coupons shall bear the facsimile
lsignature Of the State Treasurer who
shall be in Office on the date OF issuance
Of the bond to which said coupons per
jtain
g9O4 All bonds Issued under this
ARTICLE and sold shall be deemed to have
Ibeen called In at their respective dates
Iof maturity and the State Treasurer
shall, on the respective dates of matur'
lity Of said bonds, or as soon thereafter
as said matured bonds are surrendered
to him, pay the ss me out of the proceeds
of the Controllers warrants drawn In
his favor as provided in Section 990.5
and perforate the bonds so paid with a
suita BILE 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
lunsold, by perforation with a suitable
device In a manner to indicate such can
collation. and the date thereof The pro
visions of this section shall be applica-
Ible also to the interest coupons per
tanning to the bonds authorized by this
article to be issued. and shall be appli-
lcable, as far as practicable to any duly
authorized agent of the State Treas
urer
1905 There Is hereby appropriated
Ia he 70 q
Treasury such sum annually as Will be
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
1.-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
hereby made the duty Of all officers
charged by law with any duty In regard
Ito the collections of said revenue, to DC
land perform each and every act which
lshall BE- necessary to collect such add
ltional sum
4 on the several dates Of maturity oi
said principal and interest I'm each fisca
.lyear. there shall be returned into the
lI;eneral Fund In the State treasury. al
lof the moneys In the veterans Farm
land Home Building Fund of l943. not ir
,lexcess Of the principal Of and interest or
1.-The said bonds then due and payable
and. in tn. event of such moneys so re
turned on said dates Of maturity beint
less than the said principal and interes
then due and payable, then the balance
Irematning unpaid shall be returned int
1.-The General Fund In the State treasur,
lout of said Veterans Farm and Hom'
building Fund Of 1943 as soon there
latter as II shall become available. to
lgether with interest thereon. from suct
dates OF maturity until so returned, a
1.-THE rate of per cent per annum, com
bounded semiannually
Both principal and interest VI sait
; bonds shall be paid when due upon war
, rants duly drawn against SAID appro
, priation from the General Fund by TN
Controller Of the State In favor OF tn
State Treasurer or In favor OF any dul!
, authorized agent of the State Treasurer
, upon demands audited by the State De
partment OF Finance, and the moneys u
. be returned into the General Fund In tn
Estate treasury pursuant 70 tne provi
sions of this section snail likewise o.
paid as herein provided upon warrant
! duly drawn by the Controller OF tn
State upon demands duly audited by tn
State Department of Finance.
500. The. sum of thirty-hVe thou
lsand dollars ($35. .000) Is hereby appro
IpTidteu OUT vi any ihohcy ~ e,o o."I
r Treasury not otherwise appropriated L
3 lpay the expenses that may be incurre'
ilby the State Treasurer in having sal,
5 slbonds prepared and In advertising thei
: sale Said amount shall be refunded L
I the General Fund In the State tTeasur,
lout of the Veterans Farm and HON
, Building Fund OF 1s4S on Controller
e Warrant duly drawn for that purpose
!, 9907. When the bonds authorized I
, be issued under this article shall b
/ lduly executed, they shall be by the stat
3 Treasurer sold at public auction to tn
elhighest bidder for cash, In such parcel
I and numbers as the said Treasurer sha
: lbe directed by the Governor Of the STATE
r rlunder seal thereof, after u resolutio
e elrequesting such sale shall have bee
. eladopted by the Veterans Welfare Boar
fland approved by the Governor OF IN