Imperial Valley press., 1944-11-01

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 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
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
g9O.4. 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
lshall, on the respective dates OF ma'ur-
lity of said bonds, or as soon thereafter
las said matured bonds are surrender cd
to him. pay the same out OF the proceeds
lof the Controllers warrants drawn IN
his favor as provided In Section 99O.5
and perforate the bonds SO paid with
suitable device In a manner to indicate
such payment and the date thereon ne
shall also, on the said respective dates
Of maturity. cancel all bonds bearing
Sd1n udttS vi anu
unsold, by perforation with suitable
device in a manner to indicate such can.
lcellation and tn. 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 "a practicable. to any duly
authorized agent of the State Treas
Iurer
1905 There is hereby appropriated
lfrom the General Fund In the state
Treasury such sum annually as VIII ne
necessary to pay the principal oil ana
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
as other State revenue Is collected such
a sum. in addition to the ordinary reVe.
nues 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 ofncers
charged by law with any duty In regard
to the collections OF said revenue. to dc
and perform each and every act which
shall br necessary to collect such addi-
tional sum
on the several dates Of maturity oi
said principal and interest In each hscal
wear there shall be returned into the
-
of the moneys m the Veterans Farm
and Home Building Fund Of l943. not ir
lexcess Of the principal Of and interest or
1.-The said bonds then due and payable
and. In the event Of such moneys SO re-
turned on said dates Of maturity beinf
less than the said principal and interes
then due and payable. then the balance
REMAINING unpaid shall be returned int
the General Fund In the State treasur,
lout of said Veterans Farm and Hom'
building Fund Of l943 az soon there
latter as Il shall become available. to
geth.r with interest thereon. from sucl
dates Of maturity until 30 returned, a
1.-THE rate Of per cent per annuni. com
bounded semiannually.
Both principal and interest or salt
; bonds shall be paid when due upon war
e rants duly drawn against said appro
, lpriation from the General Fund by tn
!, lCor.,roller OF the State In favor OF tn
. lStace Treasurer or in favor OF any dul
8 authorized agent OF the State Treasurer
u upon demands audited by the State De
e lpartment Of Finance. and the moneys I
!. lbe returned into the General Fund In tn
;, lState treasury pursuant to the PROV
q sions of this section shall likewise
! paid as herein provided upon warrant
n duly drawn by the Controller Of tn
State upon demands duly audited by TN
e State Department Of Finance.
4 99O6. The. sum Of thirty-fve thou
: lsand dollars ts35 5,000) is hereby apprt
e lpriated out OF any money In the Stat
r Treasury not otherwise appropriated
e lpay the expenses that may be incurre
d by the State Treasurer In having sal
s. bonds prepared and In advertising the
l. lsale. Said amount shall be refunded
n the General Fund In the State treasur
I. lout of the Veterans Farn: and Hon
n Building Fund Of 1943 on Controller
e warrant duly drawn for that purpose
!, 99O.7 When the bonds authorized
!. Ibe Issued under this article shall
a lduly executed, they shall be by the Sta
e elTreasurer sold at public auction to u
Ie highest bidder for cash, in such parce
n and numbers as the said Treasurer sha
l. Ibe directed by tho Governor OF the stat
,r under seal thereof, after q resolutit
re elrequesting such sale shall have be-
le adopted by the Veterans Welfare Boa
,f land approved by the Governor OF q