Imperial Valley press., 1944-09-06

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 shall
mature not later than IS years from the
date of issuance thereof. ' 80 ~
The rate Of interest to be borne by
the bonds shall be uniform for all the
determined and fixed by the Veterans
Finance Committee Of l943 according
to the then prevailing market conditions.
but shall In no case exceed 5 per cent
per annum. and the determination OF
said committee as to the rate of inter-
est shall be conclusive al to the then
prevailing market conditions. The tn
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. " the Vet
Grams Finance Committee OF lS+3 shall
so determine and specify. be payable
one year after the date OF issuance OF
said bonds -. Z. 80
99l2 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 shall 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 consti,-:e expenses
of the Veterans Welfare Board.
99l.3. The State Controller. the
State Treasurer and the Veterans FL
nance Committee of l943 shall Keep
full and particular account and record
of all their proceedings under this arti-
Gle, and they shall transmit to the Gov
ernor an abstract Of all such proceed
ings hereunder. with an annual report,
~ lat bat f..ra fh.A
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
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
day of November. 1914. as to all Its
provisions 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 3. This act shall be submitted
TO the people of the State OF California
for their ratification at the next genera!
election, TO be held In the month OF
November, 1914, and all ballots at said
election shall have printed thereon ana
| in 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 a bond issue OF thirty
million dollars ($3O, ,OO0.OOO) to he used
by the Veterans Welfare Board In
a:,isting California war veterans To
below the square contaih-
ing such words. there shall be printed
l. on said ballot the words, Against tne
| Veterans Bond Act Of 1913" ana IN
the same square Immediately below salu
words. Against the Veterans Bond Act
of 1873" in BREWER type shall be printed
This act provides for a bond Issue OF
thirty million dollars tS3O,O0O.O .OO0) 10
be used by the Veterans Welfare board
IN assisting California war veterans 10
words For the Veterans Bond Act or
1913" and Against the Veterans 5ond
Act of I943." there shall be left spaces
in which the voters may place cross
in the manner required by law 10 indl-
cate whether they vote Tor or agaihst
/ said act, and those voting for said act
shall do so by placing II cross opposite
the words For the Veterans Bond Act
of l943" and those voting against the
said act shall do 80 by placing cross
lopposite the words AGAINST the se.-
Grams Bond Act OF 1913" Provided
that where the voting Of said general
election Is done by ineans Of 'ing
machines used pursuant TO law III suct
manner as To carry out tiit ihleht VI
this section. such use or such votins
machines and the expression or th1
1 voters choice by means thereof. shall
be deemed to comply with the provisions
fof this section The Governor OF this
State shall include the Submission of
this act to the people. as aforesaid. In
his proclamation calling toI said CEN
eral election. .,s. t.n.. e " ,.a.
SEC. g. The votes cast for or aga inst
!. this act shall be counted. returned and
7 lcanvasspd and declared IN tile, sans
MANNER and subject to the same rules
as votes cast for State officers and II
? II app.ar that said"act shall have re-
= lceiyed q majority OF all the votes cast
lfor and against It at said election a.
, aforesaid, a then the Same ahall have
effect - hereinbefoi provided, and
shall he irrepealable untii ihe principa
and interest OF the liabilities hereiI
:, created shall be paid ant discharged
and the Cove rnor sht ! make rf0clana-
tim thereof but If "a majority or ths
!. votes east as aforesaid ere gainst tlis
ACT then ths sam3 ahaI be ana bee 5ms
{ void. IL
!. s.crrtary of State III accordance wiz
p law to have thi3 act Dub!ishe1 ~ q
' least one newspaper IL each county. Vi
flcity aid county. if ms bs phblishsc
o Therein, through hout this state. for thre'
e months next .precedin: the general elee
: lion to be held In the month t' Nore.n
4 her 1874. tbs costs OF publication shai
!. be paii out the General lnnd. OF
/ flController's warrants culy drawn ~
!. .lthut purpose and shall he -fundet y
& the General Fund out OF u Veterans
9 lFar..i and Home Build M tund s@i'
refund shall he made upon nitro, lei
b hlwarrants 4 uly dr2wn against sail fun'
eIfor said purpose upon dernt nos Audrft