Imperial Valley press., 1944-09-27

signing. countersigning. Or endorsing
said bonds Each bond issued under
this article shall contain clause OF
clauses stating that interest shall cease
to accrue thereon from and atteT 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
syO3 The requisite number of suit
able interest coupons. appropriately
numbered, shall be attached TO each
bond issued under this article sdid
interest coupons shall bear the facsimile
signature OF the State Treasurer VINO
shall he in Office on the date of issuance
of the bond to which said coupons per-
ltain ,,
99O.4 All bonds issued under this
article and sold shall be deemed to have
Ibeen 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
of the Controllers warrants drawn IN
his favor as provided In Section 990.3
and perforate the bonds so paid with n
suita BILE device IN manner TO indicate
such payment and the date thereof H.
shall also, on the said respective dates
of maturity. cancel all bonds bearing
unsold by perforation with suitable
device In a manner to indicate such cah-
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 TINS
article to be issued. and shall be appll-
cable, as far as practicable, to any duiy
authorized agent of the state Treas
urer
99O.5 There is hereby appropriated
Iron the General Fund in the state
Treasury such sum annually as VIII be
necessary to pay the principal of and
1.-The interest on the bonds issued ana sold
pursuant to the provisions of this article,
las said principal and interest become
due and payable
There shall be collected annually In
1.-The same manner and at the same tlme
las other State revenue is collected such
IA sum, In addition to the ordinary reVe,
lnues Of the State, as shall be required
Ito pay the principal and interest on sara
bonds as herein provided. ana u II
thereby made the duty OF all ofhcefs
lcharged by law with any duty In regard
no the collections of said revenue, to DC
and perform each and every act whict
shall br necessary to collect such auui'
on the several dates Of maturity OF
said principal and interest In each ilsca
. wear there shall be returned into tht
lf;eneral Fund I'm the State treasury. al
of the moneys IN the Veterans Farm
land Home Building Fund of i943. not "
eXcess Of the principal OF and interest oi
th.. said bonds then due and payaDi'
and. In the event OF such moneys 80 re, re
turned on said dates of maturity beint
less than the said principal and interes
then due and payable, then the balance
remaining unpaid shall be returned Int
: 1.-THE General Fund In the state treasur!
lout Of said Veterans Farm and hon'
- L. - ~ there
latter as II shall become available. 10
lgether with interest thereon. from suc'
7 dates Of maturity until so returned, a
\ the rate Of 6 per cent per annuni. com
f.. .lpounded semiannually
I Both principal and interest of sal'
+ bonds shall be paid when due upon war
e rants duly drawn against saiu appro
D lpriation from the General Fund ny ~
! flController of the State In favor OF IN
: lState Treasurer or In favor OF any uui
. authorized agent of the State treasure
,lupon demands audited by the state ne
{ lpartment OF Finance. and the moneys :,
l. lbe returned into the General Fund III Ut
,, State treasury pursuant to the PROV
4 sions of this section shall likewise
] paid as herein provided upon warIan.
n duly drawn by the Controller oi IN
state upon demands dniy ,,,y .a.n audited w III
( 1906. The sum of thirty-IVe thou
= sand dollars tS35 ,000) Is hereby apprc
c priated out of any money In the Siat
T Treasury not otherwise APPROPRIATED |
G lpay the expenses that may be incurIe
by the State Treasurer In having ~, tui
8 lbonds prepared and I'm advertising thel
/. sale. Said amount shall be refunded I
n the General Fund In the State treasur
|, lout of the Veterans Farm ana HON
n Building Fund of 1943 on Controller
e Warrant duly drawn for that purpose
!. 990.7. When the bonds authoflzno
a H.. thia Drtipla En.lIl u
q lduly executed, they shall be by the Sta'
e lTreasurer sold at public auction TO tf
e elhlghest bidder for cash, In such parce
n land numbers as the said Treasurer sha
: lbe directed by the Governor OF the stat
II under seal thereof, after . resolutio
e elreauesting such sale shall have bee
e adopted by the Veterans' Welfare Boai
,fland approved by the Governor OF II