Imperial Valley press., 1944-10-04
PROPOSED Law
CHApT Err 585

An act to add Article 4, comprising
Sections $50 to 99f.3 inclusive, to
Chapter 6 Of Division 4 OF the Military
and Veterans Code, authorizing the
or liabilities, through the issuance
and sale Of State bonds. for the single
object Of creating a fund to provide
farm and home aid for veterans in
accordance with the provisions OF the
Veterans Farm and Home Purchase
finance COMMITTEES OF ,s43; defining
the powers and duties Of said com
unittee and Of the Veterans Welfare
Board and other State officers IN
respect to the administration OF the
provisions hereof; providing ways
and means, exclusive Of loans. Tor the
payment Of the interest Of such debt
or debts. liability or liabilities. as
such interest tails due. and also Tor
the payment and discharge OF the
principal Of such debt or debts. Iiabii.
ity or liabilities. as such principal
natures: sppropriating money for
the expense Of preparing and OF ad.
vertisino the sale OF bonds herein
authorized to be issued: and provid.
inq for the submission OF this act to
vote OF the people at the general
election to bs held in the month Of
November. 1914.
fApproved by Governor May X. 1913
Filed with Secretary OF State
May IS. l943
The people Of the State o. California
do enact as follows:
SECTION ! Article 4. comprising Sec.
tions $50 to g9l 3, inclusive. is added
to Chapter 6 Of Division 4 uf the Mill
tary and Veterans Code. 10 read
Article Veterans Fond Act Of lya3
900 This article may be cited as the
Veterans Bond Act Of l9i3.
1901 For the purpose OF creating
fund to provide farm and home aid
for veterans in accordance with the
provisions Of the Veterans Farm and
Home Purchase Act Of l943. and of all
acts amendatory thereof or supple
mental thereto, the Veterans Finance
Committee Of lg43 created by this arti-
Gle shall be and 1t hereby is authorized
and empowered to create debt or
debts. liability or liabilities. Of the
State OF California. In the manner and
TO the extent hereinafter provided. but
not otherwise. nor In excess thereof.
1902 After the issuance Of the
proclamation Of the Governor annOunc-
ing the ratification Of this article. and
Immediately after adoption OF any r.so'
luton by the Veterans Finance Com.
r1ittee OF 1913 hereby created. provided
for in Section 99l !. the state Treas.
urer shall prepare the requisite number
OF suitable bonds Of the denomination oi
one thousand dollars s1. .000) In ac'
cordance with the specifications con
tained In such resolution. The aggre'
gate par value Of all bonds issued under
This article shall not exceed the sun
of thirty million dollars 100000. .O00l
and the bonds issned under any sucf
resolution shall bear interest from tht
date Of issuance Of said bonds TO TN
date Of maturity thereof. at rate u
be determined by the said veteran ms
Finance Committee OF 1913 and spec'
fed In such resolution. but In no cas-
exceeding per cent per annum. 30.
principal and interest shall be payaDi'
In lawful money OF the United states
al the office Of tn. State Treasurer
or at the Office Of any duly authorize.
agent OF the State Treasurer. and snsl
be SO payable at the times spec'hed IL
said resolution or resolutions.
All bonds issued under this articl'
shall bear the facsimile signature o.
the Governor and the facsimile counter
signature OF the Controller and shali D'
endorsed by the State Treasurer cithel
by original signature or by signature
stamp adopted for each particular bono
issued under this article and the bond'
shall re signed. countersigned and en-
dorsed by the officers who shall be II
and each of said bonds shall bear al
Impress Of the Great Seal Of the Stat'
NJ California. The bonds 30 signed
countersigned. endorsed and sealed
when sold, shall be and constitute s
valid and binding obligation upon TN
State Of California. although the SAT-
thereof be made at a date or dates upoI
tersiEned and endorsed said bonds. ol
any Or either Of said officers. shall hav'
ceased to be the incumbents OF TIM
Ofilces held by them at the time o.