Imperial Valley press., 1944-08-16

Estate, but the Treasurer must reject any
land all bids for said bonds. OF for any OF
Them. which shall be below the par value
of said bonds 80 offered plus the interest
which has accrued thereon between the
date Of sale and the last preceding inter-
est maturity date and with the approv-
| al of the Governor. he may from time
to time, by public announcement at the
place and time fixed for the sale. con-
ltinue such sale. as to the whole of the
bonds offered. or any part thereof Of
lfered, to such time and place as he may
lselect Before offering any of said
bonds for sale the said Treasurer shall
detach therefrom all coupons which
have matured or will mature before the
day fixed for such sale.
99O.S. Due notice Of the time and
lplace Of sale of all bonds shall be given
lby said Treasurer by publication In one
newspaper published in the City and
lCounty of San Francisco and also by
publication in one newspaper, published
lin the City of Sacramento and ny publ
lcation in one newspaper published in the
lefty Of Los Angeles once week during
flour weeks prior TO such sale. In addi,
ltion to the notice last above provided
flor. the State Treasurer may give such
4 further notice as he may deem advisa-
bic, but the expense and cost OF such ad-
: lditional notice shall not exceed the sum
LOT five hundred dollars t$500) for each
!, sale so advertised. The proceeds or the
!, sale of such bonds and such amount as
lmay have been paid as accrued Interest
thereon shall be forthwith paid over by
| said Treasurer into the Veterans Farm
land Home Building Fund OF l943 and
must be used exclusively In aiding Vete'
Trans in the acquisition OF. or payments
for. farms and homes, in accordance
| with the provisions of this article and
2 Article of this chapter provided. ina,
} the proceeds from the sale OF SAID
E bonds may he used to pay the debt ere
: lated by the issuance and sale thereon
99O,9 The Veterans Welfare Board
e State Department of Finance. to invest
S lany surplus moneys in the Veterans
r Farm and Home Building Fund of 1874:
: in bonds of the United States. or OF tht
State of California: or 2f the seVera vera,
$ political subdivisions of the State o.
n lCaIifornia. and to sell such bonds, ol
) any of them. at the governing marke
a rates, upon approval of the state De
E partment of Finance, or the veterans
s lof the Director OF Finance, inves
g moneys In such fund, in interest-bearini
2 certificates of deposit of State bank
e having paid-up capital OF five hundred
: Thousand dollars ($500.00O) or more
i provided. that the total amount o
: money so deposited with any one banl
: shall not exceed sum equal to 30 pc
s lcent of the paid-up capital of such bank
: provided, however. that nothing hereil
Y Icontained shall inhibit or be construed
j. to inhibit the depositlng IN banks !,
accordance with the provisions OF al
d act entitled AN act to authorize AM
e control the depositing In banks o
e moneys belonging to or In the custody o
d the State and to repeal all acts or part
d lof acts conflicting with this act.' ap
e. proved April IL. 1928, and of any and al
e acts amendatory thereof or supplement
ltal thereto, of moneys Of any of III
n funds subject to the control or the Vete
le rams Welfare Board or appropriated 10
h Its use.
2. Interest accruing upon the deposit o
ID moneys of the Veterans Farm an
ID Home Building Fund Of l943 shall b
is paid into and credited to said fund.
IS 991 There Is hereby created Vete
d rams Finance Committee of l943 CON
10 posed Of the Governor. State Controllel
n State Treasurer. Director Of Finance
l. and chairman of the Veterans Welfar
Board. all of whom shall serve thereo
Of without compensation and ma)orit
al Of whom shall be empowered to act fo
he said committee The Attorney Geners
m Of the Veterans Finance Committee
In l943. ,
IN Upon request of the Veterans We
le fare Board. supported by a statement
e. the plans and projects of the veteran
lg Welfare Board with respect thereto. u
ST Veterans Finance Committee OF l9f
ce shall determine whether or not boI
to issue under this article is necessary
ry desirable to carry such plans and pro
ne lects into execution.
o. Finance Committee of l943 shall ha'
ch determined that bond issue under Tn
at larticle is necessary or desirable 10 carr
n such plans and projects INTO execute
IL shall adopt resolution TO TINS eHee
Id 1.-THE said resolution shall authorize al
p has n fa.v vrraa TO prepare II
o. requisite number Of suitable bonos al
he shall specify .a.rsoa
ylpar value, and the date OF Issuance
er. the bonds to be issued.
'e- 2 The date or dates of maturity.
to the bonds to be issued and the nunp
he land numerical sequence or the Don
VI maturing at each date of maturity.
be 3. The annual rate Of interest whi
its the bonds to be issued shall pear
he T. The number. numericai sequeh'
he lamount or amounts and the oates
maturity of the interest coupons 10
'u- lattached to the said bonds.
% 6 Tie technical form and langua
lte lof the bonds to be Issued ana or I
tolinterest coupons to be attached there
ed In determIning the date or dates
lid maturity of the said bonds ana I
cir amount OF bonds maturing at each da
tolof maturity, the Veterans finan
Try Committee OF 1913 shall be guided
me the amounts and dates Oh na.urny
RS the revenues estimated to accrue to !
Veterans Welfare Board from I
TO transactions to be financed by eaeh
be sue, and shall fix and determine st
ate dates and amounts in such manner tn
The together with the dates and amounts
els interest payments on the said bond
all sue. they shall coincide. as nearly
tie. practicable, with the dates and amour
lon Of such estimated revenues; provid
zen that the bonds first to mature In ea
ard Issue. shah mature not later than !