Imperial Valley press., 1944-08-30

provided turtner, tnat Speclned numDetD'
of bonds Of specified numerical sequence
shall thereafter mature at annual in.
tervals. and provided further, that the
bonds last to mature in each issue shah
mature not later than As 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 1943 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 1943 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 1943 and Of the members
Of fe their duties arising @ out OF Of the % pro-
visions of this article shall be paid out
Of the Veterans Farm and Home Build
ing Fund of 1898. upon approval OF the
State Board of Control and on Con-
VARIANT uuly uIdWI iOI thdI
purpose. and shall constitute expenses
of the Veterans Welfare Board.
991.3. The State Controller. the
State Treasurer and the Veterans FL
nance Committee of 1943 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
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 Of both, or any citt-
zen of the State.
Sec. 2. This act If 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 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
election. to be held in the month OF
November, 1914, and all ballots at said
election shall have printed thereon ana
in a square thereof, the words: FOR
the Veterans Bond Act of 1943." and
in the same square under said words
the following in BREWER type: This
act provides for bond issue of thirty
million dollars 100000 ,000) to be used
by the Veterans Welfare Board In
Assisting 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
of l943," in BREWER type shall be printed
This act provides for bond issue OF
thirty million dollars (s30,0O0. .O0O to
be used by the Veterans Welfare Board
in assisting California war veterans 70
acquire farms or homes" Opposite the
words For the Veterans Bond Act OF
1913" and Against the Veterans Bond
Act of 1943," 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 u cross opposite
the words For the Veterans Bond Act
of l943" and those voting against the
opposite the words against the Vet
Grams Bond Act OF 1913" Provided.
that where the voting of said general
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. shall
be deemed to comply with the provisions
| of this section. The Governor OF this
| State shall include the submission OF
this act to the people. as aforesaid. In
his proclamation calling Tor said gen.
eral election.
SEC 6. The votes cast for or against
! this act shall be counted, returned ana
Icanvassed and declared In the same
manner and subject to the same rules
as votes cast for State officers. and II
lit appear that said act shall have re-
ceived a majority OF all the votes cast
for and against 1t at said election as
aforesaid then the same shall have
effect as hereinbefore provided, ana
shall be irrepealable until the principai
and interest of the liabilities herein
created shall be paid and discharged.
and the Governor shall make proclama-
ton thereof but IL majority or the
votes cast as aforesaid are against this
act then the same shall be and become
void.
SEC. z 1t shall be the duty Of the
Secretary of State In accordance with
llaw to have this act published In al
least one newspaper in each county, or
lefty and county, II one be published
therein. throughout this State. for three
months next preceding the general elec-
ltiOn to be held in the month OF Novem-
lber, 1914, the costs of publication shall
lbe paid out OF the General Fund, on
l IController's warrants duly drawn for
THAT purpose and shall be refunded to
Farm and Home Building Fund. Said
refund shall be made upon Controllers
Warrants duly drawn against said fund
for said purpose upon demands audited