Imperial Valley press., 1944-10-04

provided further that specihed numbef8
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 shall
mature not later than Is years from the
date Of issuance thereof.
The rate of interest to he 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 l943 according
Ito the the, prevailing market conditions.
but shall In no case exceed per cent
per annum, and the determination OK
said committee as to the rate OF inter-
est shall be conclusive rs to the then
prevailing market conditions. The IN.
terest coupons to be attached to the safq
bonds shall be payable at semiannua.
intervals from the date of issuance Of
said bonds. provided, that the interest
coupon first payable may. II the Vet:
lerans' Finance Committee of 1943 shall
so determine and specify. be payable
one year after the date Of issuance OF
said bonds. -
9S1.2. All actual and necessary ex-
penses OF the Veterans Finance Com-
mittee Of 1898 and OF the members
thereof incurred In the performance
Of their duties arising out OF the pro.
visions OF this article snail oe PAID SYa
| OF the Veterans Farm and Home Build-
| ing Fund Of l943. upon approval OF the
State Board of Control and on Con-
troller's warrant duly drawn for that
purpose. and shall constitute expenses
of the Veterans Welfare Board.
stale Treasurer and the Veterans FL
nance Committee Of 1943 shall keep
full and particular account and record
Of all their proceedings under this artf-
Gle, and they shall transmit to the Gov
ernor an abstract of all such proceed.
lings 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
the Attorney General, or a committee
of either branch of the Legislature. or
a Joint committee Of both. or any citi-
zen OF the State.
SEC. 2. This act. II adopted by the
people. shall take effect on the fifteenth
provisions except those relating to and
necessary for its submission to the
people, and for returning. Canvasstng.
and proclaimng the votes. and as to
said excepted provisions this act shall
take effect Immediately.
SEC. g. 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 and
in a suuare thereof, the words: For
the Veterans Bond Act of 1919" and
lin the same square under said words
the following In brewer type: This
act provides for a bond issue OF thirty
million dollars t$3O,O00.0OO to be USED
by the Veterans Welfare Board IN
assisting California war veterans 10
acquire farms or homes In the square
below the square contain.
ling such words. there shall be printed
on said ballot the words. Against tne
Veterans Bond Act Of 1943, ana m
, the same square Immediately pe,oW sa.u
words, Against the Veterans Bond ACT
of 1919" in BREWER type shall be prhten
This act provides for a bond issIe of
thirty million dollars tS3O.0OO.oo0D to
be used by the Veterans Welfare board
In assisting California war veterans 10
+, words FOR the Veterans Bond AGt .,
,,ll943" and Against the Veterans Bono
|, Act of I943." there shall be LETT spaces
In which the voters may piace i.vns III
/ In the manner required by Jaw " I'LL
r cate whether they vote ior , OF ssSd afact act
shall do so by placing cross oppos'.es 70
tho words FOR the Veteran Bono ACT
. of l943" and those voting gains, us
: said act shall do 50 by piating cyoss n, !
e orans oppUsR Rond Ac, OF 1913" Provided,
: thai where the voting Of said general
4 oIac,,,,n !. done by means OF v'dug
machin.s used pursuant 10 law II, sucIi
manner AS to carry OUT the !ntent oI
!, this section. such use Oh suen ~
= u't.rs. choice by means thereof. snail
$ W. Az r,ed TO comply with the provtsiont
~ tbis section The Governor OF thit
= Sta,. shaIl include the submission o.
/, This act TO the people as atoressio. "
hi. nr,cla nation calling for SAID Een'
4 eraI election.
cr,. The votes cast for or agains!
!. ,b;. act shall be counted, returned and
: canyassed and declared In the same
manner and subject to the same rules
r If appear that said act shalt have re.
q ceiyed a majority Of al the votes cas'
Tor and against It at said election, n!
h aforesaid, then the same shall have
effect :,s hereirbefO:n provided. enc
I. shall be irrepea,ab,e untii t me prlhclpsa ps,
q created shall be paid and discharged
and the Governor shall make prOclama
y tion thereof but If majority OF TIM
q votes cast as aforesaid ere fSainst thi:
} sct then the SAM shal b: and becom,
If void.
Ie ;,Ec II shall be the duty cf th'
.e Secretary Of State In accordance viii
,e law to have this act published ~ e
y least one newspapcr I each county, cl
II lefty and county. II one be published
10 therein. throughout this State. for thret
le months next preceding the general cleo
5. ltion to be held In the month tf Novem
ID lber, 1914, the costs Of publication shal
1. lbe paid out ~ the General Fund, Or
,f Controllers warrants duly drawn fo
B. THAT purpose and shall be refunded I,
,slthe General Fund out Of thu Veterans
tslFarm and Home Building Fund Sail
d, refund shall be made upon Controller
n Warrants duly drawn against said fun,
70 for said purpose upon demands auditc
;by the State Department Of Finance. :