Imperial Valley press., 1944-10-04

signing, countersigning. or endorsing
said bonds. Each bond issued under
this article shall contain clause or
clauses stating that interest shall cease
to accrue thereon from and after the
date of maturity ther eof and referring
to this article and to tn. resolution OF
the Veterans Finance Committee OF
l943 hereunder by virtue of which said
bond is issued
9903. The requisite number of suit
able interest coupons. appropriately
numbered, shall be attached to each
bond issued under this article Said
interest coupons shall bear the facsimile
signature of the State Treasurer who
shall he in Office on the date Of issuance
Of the bond to which said coupons per-
Itain
1904 All bonds issued under this
larticle and sold shall be deemed TO have
lbeen called in at their respective dates
lof maturity and the State Treasurer
shall, on the respective dates Of matur'
Iity of said bonds, or AS soon thereafter
as said matured bonds are surrendered
10 him. pay the same out Of the proceeds
lof the Controllers warrants drawn IN
his favor as provided In Section 99o.5
la nd perforate the bonds so paid with a
lSuitable device Ii a manner TO Indicate
lsuch pa yment and the date thereof He
lshall also, on the said respective dates
lof maturity. cancel all bonds bearing
said dates of maturity and remaining
lunsold, by perforation with suitable
device In a manner to indicate such can
lcellation and the date thereof The pro.
visions of this SectiUn shall be applica-
bile also to the interes; coupons per.
tanning to the bonds authorized by this
article to be issued, and shall he appli-
cable, as far as practicable, To any duly
authorized agent of the State Treas
lurer
99O5 There Is hereby appropriated
lfrom the General Fund In the State
Treasury such sum annually as VIII be
necessary to pay the principal of and
1.-The interest on the bonds issued aud sold
pursuant to the provisions OF this article,
as said principal and interest become
ldue and payable
There shall be collected annually In
The same manner and at the same time
las other State revenue is collected sncf
a sum, in addition to the ordinary reVe,
lnues Of the STATE. as shall be required
10 pay the principal and interest," on say !.
bonds as herein provided and II Is
thereby made the duty Of all offcers
charged by law with any duty In regarc
Ito the collections OF said revenue. TO dt
and perform each and every act whici
shall b- necessary to collect such addi'
ltional sum
On the several dates Of maturity ol
said principal and interest In each tsca
wear. there shall he returned into tht
lT;eneral Fund In the State treasury. al
of the moneys III the Veterans Farm
and Home Building Fund Of i943. not "
excess of the principal of and interest or
the said bonds then due ana payaDIt
and In tn. event OF such moneys so re-
turned on said dates of maturity beint
less than the said principal ana Interest
then due and payable. then th balance
remaining unpaid shall be returned int
the General Fund In the state treasur,
Iout Of said Veterans Farm and Ilom'
Building Fund Of I943 as soon there
after as II shall become available. to
lgether with interest thereon. from suc'
dates of maturity until no returned,
1.-The rate of per cent per annuni. com
lpounded semiannually
| Both principal and interest of SAT-
bonds shall he paid when due upon war
rants duly drawn against SAID appTo
} lpriation from the General Fund W N
Controller Of the State in favor or IN
lState Treasurer or In favor OF any duI
authorized agent of the State Treasurer
upon demands audited by the State DE
: Ipartment of Finance. and the moneys I
he returned into the General Fund In IN
, State treasury pursuant to the Prov
sions of this section shall likewise b
paid as herein provided upon warrant
J duly drawn by the Controller Of tn
lState upon demands duly audited by tn
, State Department Of Finance.
9906 The sum of thirty-fve thou
lsand dollars (S35,O00) is hereby appro
lpriated out of any money In the Stat
Treasury not otherwise appropriated (
lpay the expenses that may bc incurre
! by the State Treasurer in having sal
, bonds prepared and In advertising thei
sale. Said amount shall be refunded
the General Fund In the State treasur
/. out OF the Veterans E'arT: and HON
building Fund OF 1943 on Controller
, warrant duly drawn for that purpose.
99O7. When the bonds authorized
be issued under this article shall
duly executed. they shall be by the stat
Treasurer sold at public auction to tn
, highest bidder for cash. In such parcel
lbe directed by the Governor OF the Stat
under seal thereof, after resolutio
,lrequesting such sale shall have bee
adopted by the Veterans Welfare Boar
land approved by the Governor OF IN