Imperial Valley press., 1944-08-16

provided fuffhef, that speclneu NUMBERS
OF bonds Of specified numerical sequence
tervals and provided further. that the
bonds last to mature In each Issue shall
mature not later than 45 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
determined and fixed by the Veterans
Finance Committee of l943 according
Ito the then prevailing market conditions.
but shall in no case exceed per cent
lper annum, and the determination OF
lsaid committee as to the rate OF inter-
est shall be conclusive as to the then
prevailing market conditions. The IN
terest coupons to be attached to the said
bonds shall be payable at semiannual
intervals from the date of issuance of
said bonds provided. that the interest
coupon first payable may, If the Vet
erans' Finance Committee of 1943 shall
so determine and specify, be payable
one year after the date of issuance or
said bonds.
99i.2 All actual and necessary ex-
penses Of the Veterans Finance Com
thereof incurred in the performance
| of their duties arising out of the pro-
visions Of this article shall be paid out
of the Veterans Farm and Home Build
ing Fund of 1943, 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.
| 99l3. The State Controller. the
State Treasurer and the Veterans, FL
nance Committee of 1943 shall keep
| full and particular account and record
of all their proceedings under this artt-
lcle. and they shall transmit to the Gov
lernor an abstract of all such proceed
lings thereunder, 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
party interested, or the Governor, or
1.-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. if adopted by the
day of November. 1914, as to all it's
provisions except those relating to and
necessary for its submission to the
people. and for returning, canvassing,
and proclaiming the votes. and as 10
said excepted provisions TINS act snail
take effect Immediately.
SEC 8. This act shall be submitted
Ito the people of the State or Caiifornlit
for their ratification at the next general
election, to be held in the month or
election shall have printed thereon ana
in a square thereof, the words FOR
the Veterans Bond Act of 1943," and
lin the same square under said words
, the following in brewer type This
J act provides for a bond issue of thirty
million dollars $3.50, 0,000,000) to be used
5 lby the Veterans Welfare Board in
, lasSisting California war veterans TO
lacquire farms or homes In the square
Immediately below the square contain
ing such words. there shall be printed
; on said ballot the words. Against tne
Veterans Bond Act of 1943.' and In
. the same square Immediately below said
/, words, Against the Veterans BOND ACT
! of l943," in BREWER type shall be printed
Z This act provides for bond issue or
thirty million dollars ($30.OOO O00) to
be used by the Veterans Welfare BOARD.
In assisting California war veterans 10
). words For the Veterans Bond Act of
: 1913" and Against the Veterans Bond
u Act of I943," there shall be left spaces
> in which the voters may place cross
I, lin the manner required by law 10 indl-
- cate whether they vote for or against
. said act, and those voting for said act
l shall do so by placing cross opposite
the words For the Veterans Bond Act
. of l943" and those voting against the
4 said act shall do so by placing Cross @
. Grams Bond Act of 1943." PROVIDED,
. that where the voting of said general
n election is done by means OF voting
i. machines used pursuant to law In sucia
manner as 10 carry Out thc .ieSh, ".
o. this section, such use OF such Young
,e machines and the expression OF the
10 voters choice by means Thereon, snaii
~ be deemed to comply with the provisions
!, lof this section The Governor OF TINS
= State shall include the submission OF
"a this act to the people, as aforesalu III
,e his proclamation calling for SAID gen
id eral election.
SEC. 6. The votes cast for or against
te this act shall be counted returned n,a anu
Of canvassed and declared In the same
manner and subject to the same ruies
Of as votes cast for State officers, ana II
er 1t appear that said act shall have re,
Is lceived a majority of all the votes cas'
flor and against II at SAID election az
IN aforesaid, then the same SHAH nave
effect as herelnbefore provided, anC
e. shall be irrepealable until the principa
of and interest of the liabilities hefeii
be created shall be paid and discharged
and the Governor shall make prociaina
gel ton thereof but II a majority oi ~
hel votes cast as aforesaid are against thi'
% act then the same shall be ana pecoih'
oflvoid -
hel SEC. II shall be the duty of IN.
to Secretary of State In accordance will
ce law to have this act published IN q
by least one newspaper in each county; U
oflcity and county, II one be published
he therein. throughout this State. for thre
he months next preceding the genera ere
Is Ition to be held in the month oi NoVehi
i'd ber. 1914, the costs OF publication shai
1t, lbe paid out of the General f'unu, ol
OF Controllers warrants duly drawn 10
Ia that purpose and shall be refunded I
AZ the General Fund out OF the Veterans
It's Farm and Home Building Fund. sal
I'd. refund shall be made upon Controller
duly drawn against SAID run
We for said purpose upon demsnas ns auoi'e