Imperial Valley press., 1944-09-20

DIOVlueu tudt SpeCtiitu uufuUcTB
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 shan
mature not later than IS years from the
date Of issuance thereof.
The rate Of interest to be borne by
the bonds shall be uniform for all the
bonds OF the same Issue and shall be
and fixed by the Veterans
Finance Committee Of l943 according
to the then prevailing market conditions.
but shall In no case exceed per cent
per annum. and the determination OF
said committee as to the rate Of inter-
est shall be conclusive as to the then
prevailing market conditions. The Ina
terest coupons to be attached to the said
intervals from the date OF issuance OF
said bonds provided. that the interest
coupon first payable may. u the YET.
Grams Finance Committee OF 1898 shall
SO determine and specify. he payable
one year after the date OF issuance OF
s9i.2. All actual and necessary ex-
penses OF the Veterans Finance Conn
mittee Of 1943 and OF the members
thereof incurred In the performances
Of their duties arising out OF the pro.
visions OF this article shal, be paid out
Of the Veterans Farm snd Home Build
ing Fund Of l943. upon approval OF the
State Board Of Control and on Con.
troller's warrant duly drawn for that
Of the Veterans Welfare Board.
991.3. The State Controller. the
State Treasurer and the Veterans FL
nance Committee of 1913 snail keep
full and particular account and record
OF all their proceedings under this aru-
Gle. and they shall transmit to the Gov
ernor an abstract OF all such proceed
ings hereunder. with an annual report,
to be by the Governor laid before the
Legislature biennially. and all books
and papers pertaining to the matter
times be open to the inspection OF any
party Interested, or the Governor, or
the Attorney General. or commlttee
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
dsy OF November, 1914. as to all Its
provisions except those relating TO ana
necessary for its submission to the
and proclaiming 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 generai
November. 1914. and all ballots at said
election shall have printed thereon ana
in n suuare thereof, the words For
the Veterans Bond Act OF 1913, ana
In the same square under said wOros
the following IN BREWER type: This
act provides for a bond issue OF thirty
million dollars (s30 0,OO0.OO0l 10 be used
lby the Veterans Welfare Board In
q; listing California war veterans 10
acquire farms or homes" In the square
Immediately below the square CONTAIN,
ling such words. there shall be printed
on said ballot the words. Against the
Veterans Bond Act Of 1943, and IN
the me square Immediately below said
words, Against the Veterans Bono Act
Of l943." in BREWER type shai' ne pruuen
thirty million dollars t$30.ooo.ooO TO
BE- used by the Veterans Welfare Board
| In assisting California war veterans 70
acquire farms or homes Opposite tne
words For the Veterans bond AGt OF
I943" and Against the Veterans Bond
Act of 1913" there shall be left spaces
| in which the voters may place cross
| in the manner required by law to tndi-
cate whether they vote FOR or against
said act, and those voting Tor said act
shall do so by placing "a cross opposite
the words FOR the Veterar> Bond Act
i Of 1913" and those voting gainst the
said act shall do 50 by plating cIoss
opposite the words Against the Vet
Iprans Bond Act OF 1913" Provided
that where the voting Of said general
election is done by means Of v ding
machines used pursuant TO law In sucn
manner as to carry out the infent Oh
this section. such use Uf Such Vouns
mae hines and the expression or ,he
voters choice by means thereof, shai,
be deemed to comply with the provisions
Iof this section The Governor or TINS
lState shall include the SUBMISSION OF
this act to the peOple. as aforesaid, III
his proclamation calling Tor said gen
leral election.
Far n AGAINST a
this act shall be counted, returned anu
7 lcanvassed and declared in the same
manner and subject to the same rules
as votes cast for State othcers ana VI
r II appear that said act shall have re.
3 lceived majority Of all the votes cast
for and against 1t at said t'ectio,, as
d, aforesaid, then the same shai! rave
leffect - hereiubefU. provided ana
=. shall be irrepea able until the pr, ncipa'
and interest Of the liabilities herei''
/. created shall be paid an discouraged
and the Governor sha ! make prcclema.
|. tion thereof but If d ma ajority OF the
9 votes cast ss aforesaid are gainst tis
act then ths sam: RIA ! be End be- ome
( void
/. &c z II shat he the duty ~ the
g Secretary OF state In accordalce VI,
llaw - have this act publisheh. !, ~
' least one newspap, il each county, oi
Z city and county. II ,1c be ruhiislen
G therein, throughout this STATE. Tor tnree
G months next preceding the genera eiec'
= tion to be held in the month q NoNem,
d Der. 1914, the costs ofpublication snnll
/. be paid out u the General Fund. on
4 flController's warrants duly drawn for
i that purpose and shall be r funded to
8 the General Fund out OF IL veterans
s Farm and Home Building fund Sid
!. refund shall be made upon CONTROLLER
h warrants duly drawn against said fund
e for said purpose upon demand audit ed
:Iby the State Department Of Finance,