Imperial Valley press., 1944-09-27

provided further. that specified numbers
of bends of specified numerical sequence
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.
The rate of interest to be borne by
the bonds shall be uniform for all the
bonds OF the Same issue and shall be
determined and fixed by the Veterans
Finance Committee OF l943 according
to the the: REVEALING market conditions.
but shall In no case exceed per cent
per annum. and the determination or
said committee as to the rate Of inter-
est shall he conclusive as to the then
prevailing market conditions. The n.
terest coupons to be attached to ihe SAID
bonds shall be payable at semiannua,
intervals from the date OF issuance OF
said bonds. provided. that the interest
coupon first payable may. II the Vet.
lerans Finance Committee OF l943 shall
so determine and specify. be payable
one year after the date OF issuance Of
said bonds
99l.2 All actual and necessary ex-
penses Of the Veterans Finance Com
mittee Of l943 and OF the members
thereof incurred In the performance
ef their duties arising out OF the pro-
visions OF this article shsii oe paid v1t
Of the Veterans Farm and Home Build
ing Fund of l943. upon approval of the
State Board OF Control and on Con-
trollers warrant duly drawn for that
purpose, and shall constiti:e expenses
of the Veterans Welfare Board.
99l.3 The State Controller. the
State Trea surer and the Veterans FL
nance Committee OF l943 snail Keep
full and particular account ana 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,
to be by the Governor laid before the
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 committee
of either branch Of the Legislature, or
a joint committee or both. or any CHI
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 and
necessary for its submission to the
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 general
November, 1914. and all ballots at said
detection shall have printed thereon ana
lin a square thereof the words Fog
the Veterans Bond Act OF lSi3." ana
lin the same square under said wOros
the following In brewer type Fhis
,lact provides for bond issue OF thirty
lmillion dollars ts30. .O00.000) TO be used
'lby the Veterans Welfare Board Ia
assisting California war veterans 10
lacquire farms or homes" In the square
Immediately below the square contain.
ling such words there shall be printed
on said ballot the words. Against the
VETERANS Bond Act OF l943," and N
/, the same square Immediately below salu
words. Against the veterans BOND Aet
of i943," In BREWER type shall be printed
This act provides for bond Issue OF
thirty million dollars $3.50 ,O0O) to
be used by the Veterans Welfare Board
in assisting California war veterans TO
; acquire farms or homes Opposite the
ll943" and Against the Veterans BOND
Act Of l943." there shall be left spaces
In which the voters may place u cross
, In the manner required by law TO indi-
: cate whether they vote for or Aga'ns.
, said act and those voting for said act
shall do so by placing Il cross opposite
the words For the Veteran, Bond Act
= of l943" and those voting gaiIst the
/, said act shall do 80 by platine cross
. opposite the words Against The Vet
E Grams Bond Act OF 1913" Provided.
4 that where the voting Of said general
r election is done by means of WING
machines used pursuant to law III sucis
manner as to carry out the lhtent oi
!, this section. such use OF such votlns
!. machines and the expression or the
= voters choice by means tnefeoi, shaii
" be deemed TO comply with the provisions
of this section The Governor OF TINS
State shall include the submission OF
d this act To the people. as Aforesaid. IN
. his proclamation calling FOR SAID geh-
d erai election.
SEC. q. The votes east for or against
e this act shall be counted. returned ana
# canvasscd and declared IN the same
manner and subject to the same rule
II as votes east for State officers ana u
n IL appear that said act ahall have re.
IL ceived IL majority of al the votes oasI
for and against II at said ''ection ~
h aforesaid, then the same shall Rave
effect ns hereinbpfo. provided. ind
t. shall be irrepea'ab!e until The principal
II and interest Gf the Liabilities hereii
.e created shall be paid ami discharges
and the Cove erno: sh. ! make pit c's'Ia
,e tion thereof but if u majority " ,ns
le votes cast as aforesaid are iga'nst tnh
o act then the sam, iaa by ana pe.o"''
Df void.
lie &c. z II shall lie the duty ct ths
te Secretary Of State IN nccoidsh'e w!u
ce law tp have thl1 ,nct pubi'shcu ~ e.
~ least one neWupap. Chch coun,y, VI
Df lefty ard county. II .nn be rnblinhec
ne therein, throu, ,hout this stat, for th-e'
he months next preceding the general elee
- fion 10 be held In the month =: Eove.n
Id lber, 1914, tha costs Of publication shal
a lbe paid out /, the General l'und, OF
of Controllers warrants duly drawn fol
s. that purpose and shall be funded I,
as the General Fund out OF l. Veterans
ts Farii and Home Building Fund Sal,
d, refund shall lie made upon e. ntroiisr'
IN warrants Gully drawn Ggaiast sai1 funi
ye for said DurpOs1 uUOn demL ndR udif