Imperial Valley press., 1944-10-18
Cooyriph,, 1914, Brcui7g Industry Foundation

provided further. that specified numbers
OF bonds of specified numerical sequence
shall thereafter mature at annual In
tervals. and provided further. that tho
bonds last to mature In each issue shall
mature not later than 45 years from the
date of issuance thereof.
The rate of interest to ho borne by
the bonds shall he uniform for all the
bonds of tho Same issue and shall be
determined and fixed by the Veterans
Finance Committee of 1943 according
to the the" prevailing market conditions,
but shall In no case exceed per cent
per annIm, and the determination OF
said cor mittee as to the rate of inter-
est shall he conclusive as to the then
prevailing market conditions. The IN
terest coupons to be attached 10 the said
bonds shall be payable at scmianrua'
intervals from the date Of Issuance OF
said bonds. provided. that the interest
coupon first payable may. If the Vet
lerans' Finance Committee Of 1943 shall
so determine and specify. he payable
one year after the date of issuance OF
said bonds
991.2. All actual and necessary ex-
penses Of the Veterans Finance Com
mittcc Of 1oaS ard Of the members
thereof incurred In the performances
lot their dy'ies arising on, .. tne pro-
visions Of this artcie snai 6- % i; ou,
Of the Veterans Farm and Home Rutld-
ing Fund Of i943. upon approval o: tho
State Board of Control and on Con
troller's warrant duly drawa for that
purpose, and shall consti;-.;e expenses
Of the Veterans welfare Board.
99l.3. The State Controller. tho
State Treasurer and tie Veterans F.
nance Committee Of 1919 shall keen
full and particular account and record
Of all their proceedings under this aru-
Gle, and they shall transmit to the Gov
ernor an abstract of all su,n proceed
IingS hereunder, with an annual report,
tn, hn the ('nVprnnr laid before the
Legislature bicnnally. and all books
and papers pertaining to the matter
provided for ir 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
of either branch of the Legislature. or
q joint committee Of both. or any citi-
zen of the state.
SEC. . 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 and
| necessary for it's submission to the
people. and for returning. canvassing,
and procla inning the votes, and as to
said excepted provisions this act snail
take effect Immediately.
SEC ,. This act shall he submitted
| to the people of the State OF California
for their ratification at the next general
election. to be held in the month or
November. 1944 and all ballots at said
election shall have printed thereon ana
lin a square thereof, the words: FOR
the Veterans Bond Act Of 1od3.' and
in the same square under said words
the following in brewer type ms
act provides for a bond issue Of thirty
million dollars t$3O,oDO0OO) to be used
| by the Veterans Welfare Roard In
assisting California war veterans To
acquire farms or homes" In the square
Immediately below the square contain
ing such words. there shall be printer
on said ballot the words. Against the
Veterans Bond Act of 1943," and in
the same SQUARE Immediately below said
words. Against the Veterans Bond Act
OF 1919" in BREWER type shall be prhted
This act provides for bond iSSIe OF
thirty million dollars t$3O,OOO.Ooo) 10
be used by the Veterans welfare noa,u r.,
in assisting California war veterans 10
acquire farms or homes" Opposite the
words For the Veterans Bond Act OF
l943" and Against the Veterans Bona
Act of l943," there shall be left spaces
lin which the voters may place cross
in the manner required by law to indi.
cate whether they vote for or against
! said, act. and those voting Tor Saiu act
shall do SO by placing cross oppos'le
the words "For the Nete: AT Bond hrt
lOf l9i3' and those H"t'ne gains. ,,,e
said act shall do 50 by plaung cross
nnpusite the words Against the Vet
rrans Bond Act Of 1913" Provided
/ that where III. voting of said Esnerai
election ls done 10y ineanS oC 'lnS
machines used pursuant to law Ia such
manrrr AS to carry out the intent nf
ibis srrtiou such use Of such Notin:
n,.chin,s and the expression OF tho
: voters choice by means Thereon. snail
he deemed 10 comply with the PROVISIONS
Of this section ihe Governor on u,ls
d state shall include the submission of
!, this act 10 the reople, rs aforesaid, IN
his proclamation calling tor said sen
/ eral election.
SEC. 6 The votes cas-, for or AGAINST
, this act shall be counted, returned ptid
Z lcanvassed aud declared In the same
manner and subject to the SAME ru'es
+ as votes cast for State officers and II
r II appear that said act small have re-
! csived "a majority of al the votes cast
for and against 1t 1T "aid lection as
, aforesaid, then the same shalt have
effect - hereiubcfors provided. md
. shall be irrepca able until the pr. nciral
fland interest '2 the l'abilitie9 FcreiD
: created shall be pad an Discharged.
and the Governor shall make prOclanaa-
II ton thereof but IL majority G, the
G votes cast as aforesaid IRE gainst this
, act then the scm3 ,a2l IS and Ec, )me
{ void
e .Ec. II shall te the duty 81 the
e Secretary uf State In accordan's Y It.,
e law to have this ret published II RI
y least one newspaper IL caca county CT
4 city and county. IL .nn be published d
Q therein, throughout this state. for three
Q months next preceding the general clcc-
= tion 10 be held in the month . Eovem.
d Der, 1914, tho costs of publication shall
/. be paid out - the General Fund. on
Il Controllers warrants duly drawn for
J. that purpose and shall be refunded To
s the General Fund out Of tha Veterans
s Farm and Home Building Fund Said
], refund shall be made upon Controller 4
h warrants duly drawn against said fund
o for said purpose upon demands auditeJ ]
;lby the State Department Of Finance.