Imperial Valley press., 1944-10-18

signing. countergiSning. or endorsing
said bonds. Each bond issued under
this article shall contain clause or
clauses stating that interest shall cease
to accrue thereon from and after the
date of maturity thereof and referring
| to this article and to the resolution of
the Veterans Finance Committee OF
l943 hereunder by virtue of which said
bond is issued
$50 3. The requisite number Of suit
able interest coupons. appropriately
numbered. shall he attached to each
bond issued under this article Said
interest coupons shall bear the facsimile
signature Of the State Treasurer who
snail be in office on the date of issuance
of the bond to which said coupons per-
tain
99O4 All bonds issued under this
article and sold shall! be deemed In have
been called in at their respective dates
of maturity and the State Treasurer
shall, on the respective dates of ma'ur'
Iity of said bonds. or as soon thereafter
as said matured bonds are surrender ed
TO HIM pay the same out Of the proceeds
Of the Controllers warrants drawn III
his favor as provided in Section 99U5
and perforate the bonds SO paid with a
suita BILE device n manner To Indicate
such payment and the date thereof He
lshail also, on the said respective dates
Of maturity. cancel all bonds bearing
said dates of maturity and remaining
Iunsold, by perforatIOn with suitable
device in a manner to Indicate such can
Iccllation and the date thereof The pro
visions of this section shall be applica-
Bile also to the interest coupons per
Itaining 10 the bonds authorized by TINS
article to be issued. and shall be appli-
cable. as far as practicable, To any duly
authorized agent Of the State Treas
lurer
$50 There Is hereby appropriated
from the General Fund In the state
ltrea sury such sum annually as Will ne
necessary TO pay the principal or 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 tlne
las other State revenue is collected such
a sum. in addition to the ordinary reVe;,
lnues Of the Statr, az shall be required
to pay the principal and interest on SAID
bonds as herein provided. and II is
hereby made the duty OF all oifcers
charged by law with any duty In regard
to the collections Of said revenue. to do
and perform each and every act which
shall be necessary to collect such addi-
tional sum
On the several dates Of maturity Of
said principal and interest In each fiscal
year. there shall be returned into the
l1;eneral Fund in the State treasury, all
of the moneys IN the Veterans Farm
land Home Building Fund of l943. not In
lpxcess 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 being
Hess than the SAID principal and interest
then due and payable. then tht balance
remaining unpaid shall be returned into
1.-THE General Fund In the State treasury
lout of said Veterans Farm and Home
building Fund of 1913 as soon there
laf a. tan n n tn.
lgether with interest thereon. from such
dates Of maturity until so returned, at
1.-THE rate Of 5 per cent per annum, COM
pounded semiannually
Both principal and interest OF said
: bonds shall be paid when due upon war
: rants duly drawn against said appro
} lpriation from the General Fund by the
: Controller of the State In favor Of the
State Treasurer or In favor OF any duly
e authorized agent of the State Treasurer
/ upon demands audited by the State De-
Z Ipartment Of Finance, and the moneys tt
/. be returned into the General Fund In the
Estate treasury pursuant to the prOvi
Isions Of this section shall likewise be
| paid as herein provided upon warrants
I duly drawn by the Controller Of tn,
State upon demands duly audited by thu
? State department Of Finance.
1906. The sum OF thirty-fve thou
sand dollars t$35. .000) Is hereby appro
9 priated out of any money In the STAT
7 Treasury not otherwise appropriated Il
e lpay the expenses that may be incurred
! by the State Treasurer in having sale
5 bonds prepared and In advertising thei
sale Said amount shall be refunded L
q the General Fund In the State treasur.
;, out OF the Veterans Farm and Hom'
4 building Fund OF 1943 on Controller
G warrant duly drawn for that purpose.
!, 990.7. When the bonds authorized 4
!, Ibe issued under this article shall b.
4 lduly executed. they shall be by the Stat
E Treasurer sold at public auction TO tn
e highest bidder for cash. in such parcel
4 and numbers as the said Treasurer shal
: lbe directed by the Governor OF the State
r under seal thereof, after a resolution
E requesting such sale shall have beel
3 adopted by the Veterans Welfare Boar
fland approved by the Governor OF tn