Imperial Valley press., 1944-08-02

provided furthef, tnat Speclneu numbers
of bonds Of specified numerical sequence
shall thereafter mature Mt annual In
tervals. and provided further. that the
boads last to mature l., 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 tho same issue and shall be
determined and fixed by the Veterans
Finance Committee OF l943 according
Ito 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 he conclusive rs to the then
prevailing market conditions. The In
terest coupons to be attached to the said
bonds shall he payable at semis nnual
intervals from the date OF issuance OF
said bonds. provided, that the interest
coupon frat payable may. n the Vet.
Grams Finance Committee OF l9+3 shaE
so determine and specify. he payable
one year after the date Of issuance OF
said bonds.
99I2 All actual and necessary exr
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 he paid our
Of the Veterans Farm and Home Buiid.
| ing Fund of 1913, upon approval OF the
State Board of Control and on Con-
trollers warrant duly drawn for that
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 art-
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 bennially. and all books
and papers pertaining to the matter
provided for In this article shall st all
time; he open to the inspection OF any
parry Interested. or the Governor, or
tho Attorney General, or a committee
Of either branch OF the Legislature. or
a joint committee Of both. or any citi-
zen of the State.
SEC. 2. This act. II adopted by this
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 proclsiming the votes. and -; 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 and
in square thereof. the words for
the Veterans Bond Act Of 1888. ana
In tn. same square under said words
he following in brewer type Ihis
act provided for p bond icsue OF thirty
lmilI IA doli"rs tSG0. 900. .HDp) to he used
'lby the We erars' Welfare Board In
aJsis,lns California wnr veterata 20
acquire farms or homes" In the suuare
below the aquare contain.
ling such words. there shall lie printed
OF, said ballot the words. Against me
Veterans Bond Act of 1943. and m
n,tf f.,t. hall !. a
words. Against the Veterans Bond Att
o. I943," in BREWER type shall he printed
This ac, provides for bond issue OF
thirty million dollars tS30.OO0.Ooob 70
be used by the Veterans welfare boata
lin assisting California war veterans 10
: acquire farms or homes Opposit* IN.
words For the Veterans Eond Act oi
llg43" and Against the Veterans Bond
Act Of 1919" there shall be left spaces
|. in which the voters may place cross
In the manner required by law to ina.
cate whether they vote fOi or against
: said act, and those voting for satd act
shall do 81 by placing cross opposite
the words For the Veterans Bond Act
said act shall do So by placing a cross
, opposite the words Against the Vet
! Grams Bond Act OF 1919" Provided;
/ that where the voting OF said general
, election ~ done by means OF voting
machines used pursuant to law III sucn
manner as to carry out the intent OF
:, this section, such USE Of such voting
= machines and the expression OF the
. voters choice by means thereof. shall
' be deemed TO comply with the PROVISIONS
of this section The Governor OF this
/ State shall include the submissiun OF
4 this act to the people, as aforessid. IN
q his proclamation calling fof saio gen
d eral election.
SEC The votea cast for or against
e this act shall be counted. returned ana
+ canvassed and declared III the same
manner and subject to the same rules
4 as votes cast Tor State officers and II
r II appear that said act shall have re.
8 ceived q ma ajority of al the votes cast
for and against 1t at said election as
effect ~ hereinbefoi provided. eno
:, shall be irrepe, liable until the principal
# and interest % the liabilities herein
e created shall be paid and discharged
and the Governor shall make proclama-
y ton thereof but " a majority OF me
e votes cast as aforesaid are against tnis
, oct then the samo shall b. and become
,flvoid rl.
e Sec. Z II shall be the duty OF ne
.e law to have this act published IN, 81
y least one newspaper IA each county 0.
flcity and county, II enc be publisneo
10 therein, throughout this State. for three
le months next preceding the general elec'
3 ton 10 be held In the month " Novem,
dlber. 1914. the costs Of publication shall
I. be paid out o. the General Funo. or
'f Controllers warrants duly drawn foI
Is THE General Fund out Of thu Veterans
Is Farm and Home Building Fund. Said
d, refund shall be made upon Controllers
n warrants duly drawn against said fund
ie for said purpose upon demands audited