Imperial Valley press., 1944-08-23

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 thereof and referring
to this article and to the resolution or
the Veterans Finance Committee of
l943 hereunder by virtue of which said
bond is issued
9yO3 The requisite number OF suit
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 be in Office on the date OF issuance
of the bond to which said coupons per-
ltain
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-
lity Of said bonds, or as soon thereafter
as said matured bonds are surrendered
to him. pay the same out of the proceeds
lof the Controllers warrants drawn IN
| his favor as provided in Section 990.5
and perforate the bonds so paid with
suita Bile device in 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 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 duiy
authorized agent OF the State Treas
urer
99O.5 There is hereby appropriated
from the General Fund In the State
Treasury such sum annually as VIII De
necessary to pay the principal or ana
1.-The interest on the bonds Issued ana soio
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 tline
las other State revenue Is collected such
la sum, In addition to the ordinary reVe.
Inues Of the State, as shall be required
Ito pay the principal and interest on said
bonds as herein provided, and II is
hereby made the duty OF all ofncers
lcha rged by law with any duty In regard
Ito the collections Of said revenue. to 90
land perform each and every act when
shall be necessary to collect such addl-
Itional sum
on the several dates OF maturity OF
Isaid principal and interest I'm each fscai
Iyear. there shall be returned into me
Ii;eneral Fund in the State treasury. all
Iof the moneys In the Veterans Farm
land Home Building Fund Of l943. not in
: lexcess Of the principal OF and interest on
1.-THE said bonds then due and payable
and, In the event OF such moneys so re-
turned on said dates OF maturity being
less than the said principal and Interest
then due and payable. then the balance
REMAINING unpaid shall be returned into
1.-The General Fund In the State treasury
out Of said Veterans Farm and Home
building Fund OF l943 as soon there
latter as II shall become available. to-
gether with interest thereon. from such
dates OF maturity until 80 returned, al
! the rate Of 8 per cent per annum, com
-. bounded semiannually
Both principal and interest OF said
> bonds shall be paid when due upon war
e rants duly drawn against said appro
, lpriation from the General Fund by the
lController of the State In favor OF The
: State Treasurer or In favor OF any dul,
9 authorized agent OF the State Treasurer
,Iupon demands audited by the State De-
( lpartment OF Finance, and the moneys tt
/. he returned into the General Fund In the
!, IState treasury pursuant to the Prov
Isions Of this section shall likewise Dt
paid as herein provided upon warrants
I lduly drawn by the Controller OF the
State upon demands duly audited by the
3 State Department Of Finance.
Z 990G The, sum of thirty-fve thou
sand dollars t$35, ,000) Is hereby appro
g lpriated out Of any money In the Statt
T Treasury not otherwise appropriated tt
E lpay the expenses that may be incurred
] lby the State Treasurer in having sait
3 bonds prepared and In advertising theiI
sale Said amount shall be refunded t
I the General Fund in the State treasur,
+. lout Of the Veterans Farm and Home
I building Fund Of 1913 on Controllers
E Warrant duly drawn for that purpose.
i 9907. When the bonds authorized t'
, be Issued under this article shall D.
, Iduly executed. they shall be by the Stat'
. Treasurer sold at public auction to tn
0 highest bidder for cash, In such parcels
!, land numbers as the said Treasurer shal
lbe directed by the Governor OF the state
r rlunder seal thereof. after a resolution
} slrequesting such sale shall have beeI
. adopted by the Veterans Welfare Boart
[ land Approved by the Governor OF lht