Imperial Valley press., 1944-08-23

provided turthef, that Speclnen NUMBERS
Of bonds Of specified numerical sequence
teryals. and provided further. that the
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 be borne by
the bonds shall be uniform for ali the
bonds of the same issue and shall be
determined and fixed by the Veterans
Finance Committee OF l943 according
to the then prevailing market conditions,
but shall in no case exceed per cent
per annum, and the determination of
said committee as to the rate of inter-
est shall be conclusive as to the then
prevailing market conditions. The IN
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. II the Vet:
erans' Finance Committee of l943 shall
so determine and specify. be payable
one year after the date of issuance OF
said bonds
99I2. All actual and necessary ex-
penses of the Veterans Finance Com
mittee of l943 and of the members
Of their duties arising out OF the pro-
visions of this article shall be Laid out
of the Veterans Farm and Home Build
ing Fund of l943. upon approval OF the
State Board Of Control and on Con-
purpose. and shall constitute 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,
to be by the Governor laid before the
Ii t.lt, .h h.- -lxes
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
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
people, and for returning, canvassing,
and prociaimng the votes, and as to
said excepted provisions this act shall
take effect Immediately.
SEC g. This act shall be submitted
To the people of the State of California
for their ratification at the next general
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 bond issue of thirty
million dollars (S3O.C0O, ,00O) to be used
by the Veterans Welfare Board In
a;,'isting California war veterans to
acquire farms or homes" In the square
Immediately below the square contain
ing such words. there shall be printed
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
lof l943," In BREWER type shall be printed
This act provides for a bond issue or
thirty million dollars $4,000. .O00) to
be used by the Veterans Welfare Board
in assisting California war veterans 10
acquire farms or homes Opposite the
words "Iror the Veterans Bond Act of
llg43" and Against the Veterans Bond
Act of l943." there shall be left spaces
in 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 for said act
shall do so by placing cross opposite
the words FOR the Veterans Bond Act
OF l943" and those voting against the
said act shall do 50 by placing a cross
opposite the words against the Vet
Grams Bond Act OF 1943." Provided
that where the voting of said genardl
election Is done by means OF voting
machines used pursuant to law In such
manner as to carry out the intent OF
this section, such use of such voting
machines and the expression or the
voters choice by means thereof. snail
BE- deemed to comply with the provisions
| of this section The Governor or TINS
State shall include the submission OF
this act To the people, as afuresaid, III
his proclamation calling Tor said gem
eral election.
SEC. g. The votes cast for or against
this act shall he counted, returned ana
canvassed and declared In the Same
manner and subject to the same fuies
as votes cast for State ofilcers ana u
| it appear that said act shall nave re-
ceived a majority OF all the votes cast
for and against II at SAID e,ection as
aforesaid, then the same shall nave
effect as hereinbefor1 provided. ana
shall be irrepealable until the principal
and interest Of the Liabilities herein
created shall be paid and discharged.
and the Governor shall make prociania
ton thereof but if a majority OF the
| votes cast as aforesaid are against tnis
act then the same shall be ana pecoihe
void.
i SEC Z 1t shall be the duty or the
Secretary OF State in accordance with
,llaw to have this act published In ct
least one newspaper IL each county; OF
lefty and county, II tne be puDiished
therein, throughout this State. for three
!, months next preceding the general elec-
ltion to be held in the month Of Novem-
Ilber 1914, the costs OF publication shall
Ibe paid out a.? the General Fund. on
4 Controllers warrants duly drawn for
THAT purpose and shall be refunded to
the General Fund out Of tn Veterans
Farm and Home Building Fund Said
refund shall be made upon Controlier's
Warrants duly drawn against said fund
I for aa IA uurnus,, tInOn dema nda audited