Imperial Valley press., 1944-09-20

countersigning. or endorsing
said bonds. Each bond issued under
this article shall contain clause OF
clauses stating that interest shall cease
to accrue thereon from and after the
date of maturity thereof and referring
to this article and to the resolution Of
the Veterans Finance Committee of
1943 hereunder by virtue Of which said
bond is issued
9yO3. The requisite number Of suit
able interest coupons, appropriately
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-
tain
1904. All bonds issued under this
article and sold shall be deemed to have
been called in at their respective dates
of maturity and the State treasurer
shall. on the respective dates OF matur'
ity OF said bonds, or as soon thereafter
as said matured bonds are surrendered
to him, pay the same out Of the proceeds
of the Controllers warrants drawn IN
his favor as provided in Section 99O.5
and perforate the bonds So paid with
suita BILE device in a manner to indicate
such payment and the date thereof He
shall also, on the said respective dates
Of maturity. cancel all bonds bearing
said dates Of maturity and remaining
unsold, by perforation with q suitable
device In a manner to indicate such can
Icellation and the date thereof. The pro-
visions of this section shall be appIlca-
Ible also to the interest coupons per
tanning to the bonds authorized by this
article to be issued. and shall be appli-
cable, as far as practicable, to any duly
authorized agent of the State Treas
lurer
1905 There Is hereby appropriated
= in hn n A
Treasury such sum annually As VIII ne
necessary to pay the principal OF and
1.-The interest on the bonds issued and sold
pursuant to the provisions of this article.
as said principal and interest become
due and payable
There shall be collected annually In
1.-The same manner and at the same time
las other State revenue is collected sucn
la sum, in addition to the ordinary reve.
lnues OF the STATE. as shall be required
Ito pay the principal and interest on said
bonds as herein provided. and II Is
thereby made the duty Of all officers
charged by law with any duty in regard
Ito the collections Of said revenue. to do
land perform each and every act which
shall bt necessary to collect such addi'
ltional sum
On the several dates Of maturity OF
said principal and interest In each fiscal
lyear. there shall be returned into the
IGeneral Fund In the State treasury. al
of the moneys III the Veterans Farm
and Home Building Fund of 1943. not ir
excess of the principal of and interest or
lthe said bonds then due and payable
and. In the event Of such moneys SO re-
turned on said dates of maturity beine
less than the said principal and Interest
theu due and payable. then the balance
remaining unpaid shall be returned ,nt'
1.-THE General Fund In the State treasury
out Of said Veterans Farm and Home
s.f
after as IL shall become available. To-
gether with interest thereon. from sucf
ldates Of maturity until 80 returned. a
the rate Of s per cent per annun. com
pounded semiannually
Both principal and interest OF saie
bonds shall be paid when due upon war
lrants duly drawn against said appro
lpriation from the General Fund by IN
IController Of the State In favor or TN
State Treasurer or I'm favor OF any dul!
j authorized agent OF the state treasurer
upon demands audited by the state De
Ipartment of Finance, and the moneys u
lbe returned into the General Fund in tn
lState treasury pursuant to the Prov
lsions Of this section shall likewise d.
lpaid as herein provided upon warrant
duly drawn by the Controller or IN
State upon demands duly audited by TN
lState Department Of Finance.
i 99O6. The sum Of thirty-fve thou
sand dollars tS35. .OO0) Is hereby appro
lpriated out OF any money In the stat
Treasury not otherwise appropriated u
lpay the expenses that may DO incuTIe
Inv the State Treasurer in having sal
bonds prepared and in advertising thei
sale. Said amount shall be refunded I
the General Fund In the State treasur
out of the Veterans Farm and HON
/ Building Fund Of 1913 on Controller
Warrant duly drawn for that purpose
1 9eG7 When the bonds authorized I
lbe issued under this article shall D
duly executed, they shall be by the Stat
Treasurer sold at public auction to IN
highest bidder for cash, In such parcel
land numbers as the said Treasurer sha
be directed by the Governor or the ,,o H,H.'
.lreauest!ng such sale shall have bee
a dopted BY the Veterans Welfare Boar
land approved by the Governor OF IN