Imperial Valley press., 1944-08-16

signing. countersigning,. or endorslns
said bonds. Each bond issued unoeI
this article shall contain clause or
clauses stating that interest snalI 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
1943 hereunder by virtue Of which SAID
bond is issued.
1903. 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 facsimiie
signature OF the State Treasurer VINO
shall be in Office on the date OF issuance
of the bond to which said coupons per-
ltain
1904. All bonds issued under this
larticle 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-
lity 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 9g0.3
and perforate the bonds so paid with a
suitable device in manner TO indicate
such payment and the date thereon he
shall also, on the said respective dates
of maturity, cancel all bonds bearing
said dates of maturity and remaining
unsold, by perforation with suitabie
ldeyice in manner to indicate sucn can
collation. and the date thereof The pro
visions of this section shall be applica-
bile also to the interest coupons per-
Itaining to the bonds authorized by TINS
article to be issued, and shall be appli-
cable, as far az practicable, to any duly
authorized agent of the State Treas
lurer
99O.5 There is hereby appropriated
from the General Fund in the state
Treasury such sum annually as VIII pe
necessary to pay the principal OF and
1.-The interest on the bonds issued and SOLO
pursuant to the provisions of this article,
as said principal ana interest," pecoihe
due and payable l..
There shall be collected annually In
/, 1.-THE same manner and at the same tine
as other State revenue Is collected suci'
, la sum, In addition TO the ordinary reVe,
lnues Of the State, as shall be required
. Ito pay the principal and interest on said
bonds as herein provided. ana IL II
2 thereby made the duty Of all ofncers
! charged by law with any duty IN regaIo
to the collections OF said revenue, 70 oe
and perform each and every act whlcn
? shall be necessary to collect such addi'
, , ltional sum -,
on the several dates Of maturity ol
r said principal and interest in each nscal
9 wear. there shall be returned into tht
! IGeneral Fund In the State treasury. al
land Home Building Fund of l943. not II
e excess of the principal of and interest or
= the said bonds then due and payaDit
] and. in the event OF such moneys so re
= turned on said dates of maturity Delnt
. less than the said principal and interes
4 then due and payable. then the balance
= Remaining unpaid shall be returned int
r the General Fund In the State treasury
( lout of said Veterans Farm and Hom'
: Building Fund of l943 as soon there
= after as II shall become available. 10
= gether with interest thereon. from suci
r dates OF maturity until so returned, a
n the rate of per cent per annum, com
bounded semiannually.
h Both principal and interest or SAT-
e bonds shall be paid when due upon war
e rants duly drawn against sald appr,o
o Ipriation from the General Fund by IN
8 lController of the State In favor OF IN
!. state Treasurer OF in favor of any dur
e authorized agent Of the State Treasurer
h upon demands audited by the state ne
e lpartment of Finance, and the moneys .
3. Ibe returned into the General Fund IN IN
r, State treasury pursuant 70 the PROV
q lsions Of this section shail likewise
" lpaid as herein provided upon warIant
n duly drawn by the Controller OF IN
lState upon demands duly audited by IN
e State Department OF Finance ,,or
,fl 99O6. The. sum OF thirty-nVe tnou
= sand dollars tS35 5.000) is hereby apprc
'elpriated out Of any money In the sra,
IT Treasury not otherwise appropriated l
e lpay the expenses that may be incurre
d by the State Treasurer in having sal
Is bonds prepared and in advertising thel
l. lsale. Said amount shall be refunded I
IN the General Fund In the State treasur
Z, out of the Veterans Farm and Hon
n Building Fund OF 1943 on Controller
Le Warrant duly drawn for that purpose.
q. 1907. When the bonds authorized !,
0, be Issued under this article snail !
q lduly executed. they shall be by the Sta'
le Treasurer sold at public auction 10 "
lie highest bidder for cash, In such parce
IN land numbers as the said Treasurer sha
n. lbe directed by the Governor OF the stat
Dr. rIunder seal thereof. after a resoln,io
ye Irequesting such sale shall have zee
10 ladopted by the Veterans Welfare BoaI
of land approved by the Governor OF u