Imperial Valley press., 1944-09-06

signing. countersigning. or endorsing
said bonds Each bond issued under
this article shall contain a 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 oil
l943 hereunder by virtue of which said
bond is issued
9YO3 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-
tain
1904. All bonds issued under this
article and sold shall be deemed 10 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 m
his favor as provided in Section 99O b
and perforate the bonds so paid with a
suitable 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 suitable
device In a manner to indicate such can
collation. and the date thereof The pro
visions Of this section shall be applica-
bile also to the interes; coupons per
tanning to the bonds authorized by this
larticle to be issued. and shall be appii'
cable, as far a. practicable. To any duly
authorized agent OF the State Treas
Iurer
9gO5 There is hereby appropriated
from the General Fund in the State
Treasury such sum annually as VIII De
necessary to pay the principal OF anC
1.-THE interest on the bonds issued and SOLO
pursuant to the provisions of this article
las said principal and interest become
due and payable
There shall be collected annually iT
1.-The same manner and at the same time
las other State revenue is collected Sucf
la sum. In addition TO the ordinary reVe.
lnues Of the State, as shall be required
to pay the principal and interest on said
bonds as herein provided. and II Is
hereby made the duty Of all officers
charged by law with any duty In regard
Ito the collections OF said revenue. TO &c
and perform each and every act which
shall be- necessary to collect such add
ltional sum
on the several dates of maturity OF
said principal and interest In each fisca
wear. there shall be returned into the
IC;eneral Fund In the State treasury. al
of the moneys IN the Veterans Farm
and Home Building Fund of l943. not u
lexcess of the principal OF and interest OF
I'm. said bonds then due and payable
and. In the event OF such moneys SO re
turned on said dates OF maturity belnt
less than the said principal and interes
then due and payable, then the balance
unpaid shall be returned int'
1.-The General Fund In the State treasur,
Il H. fa. M.
building Fund Of l943 as soon there
latter as IL shall become available. to
gether with interest thereon. from suci
dates of maturity until SO returned. n
1.-THE rate Of 8 per cent per annuni. com
pounded semiannually.
Both principal and interest of salt
bonds shall be paid when due upon war
rants duly drawn against said appro
priation from the General Fund by IN
Controller of the State In favor or IN
IState Treasurer or In favor OF any dul!
authorized agent OF the State Treasurer
upon demands audited by the State ne
partment of Finance, and the moneys u
be 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 warrants
duly drawn by the Controller OF I'M
IState upon demands duly audited by tn
State Department Of Finance.
| 800 u. The sum OF thlrty-nVe thou
sand dollars t$35,00O) Is hereby appro
priated out Of any money in the stat
Treasury not otherwise appropriated Il
pay the expenses that may be incurre'
by the State Treasurer In having salt
bonds prepared and In advertising thei
sale. Said amount shall be refunded Z
the General Fund In the State treasur!
out of the Veterans Farn: and Hon
Building Fund of 1943 on Controller
warrant duly drawn for that purpose.
1907. When the bonds authorized Z
be issued under this article shall D
duly executed, they shall be by the otat
Treasurer sold at public auction 10 .h
highest bidder for cash. In such paISei
and numbers as the said Treasure s,aaI sna
he directed by the Governor OF the Statt
under seal thereof, after q resolution
Requesting such sale shall have pee
.dopted by the veterans' Welfare 5osh =,
land approved ~ the Governor ot "