Imperial Valley press., 1944-10-25

signing. countersigning, Or endorsing
said bonds. Each bond issued under
this article shall contain a clause or
lclauseS stating that interest shall cease
| to accrue thereon from and after the
date OF maturity thereof and referring
the Veterans Finance Committee oil
1913 hereunder by virtue OF which said
bond is issued
9ge3 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 be in Office on the date OF issuance
of the bond to which said coupons per.
tain
99O4 All bonds issued under this
Iarticle and sold shall be deemed to have
been called in at their respective dates
lof 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 surrender ed
TO him. pay the same out of the proceeds
OF the Controllers warrants drawn III
Ibis favor as provided in Section $50 5
and perforate the bonds so paid with a
lsuita BILE device IN manner to indicate
such payment and the date thereof He
shall also, on the said respective dates
OF maturity. cancel all bonds bearing
said dates OF maturity and remaining
unsold, by perforation with a suitable
device In q manner to indicate such can
lcellation and the date thereof. The pro-
visions of this section shall be applica-
lble also to the interest coupons per-
tanning to the bonds authorized by this
larticle to be issued. and shall be appli-
lcable, as far as practicable. to any duly
authorized agent Of the State Treas
lurer
1905 There is hereby appropriated
from the General Fund In the State
Treasury such sum annually as Will be
necessary to pay the principal OF and
1.-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
the same manner and at the same time
las other State revenue Is collected such
la sum. In addition to the ordinary reve.
Inues 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 officers
charged by law with any duty In regard
10 the collections OF said revenue. to do
and perform each and every act which
shall bt necessary to collect such addi-
tional sum
on the several dates Of maturity Of
said principal and interest in each fiscal
wear. there shall be returned into the
General Fund in the State treasury, all
of the moneys III the Veterans Farm
and Home Building Fund of l943. not In
excess Of the principal Of and interest on
the said bonds then due and payable
and. in the event Of such moneys SO re-
burned on said dates of maturity being
less than the said principal and interest
then due and payable. then the balance
unpaid shall be returned into
the General Fund In the State treasury
- Nasa mo- Ia - IL
Building Fund of l943 as soon there
latter as II shall become available. to.
lgether with interest thereon. from such
dates of maturity until 80 returned, at
1.-THE rate Of per cent per annum, COM
bounded semiannually.
Both principal and interest Of said
bonds shall be paid when due upon war. .
rants duly drawn against said appro-
lprIation from the General Fund by the
lController of the State In favor Of the
lState Treasurer or In favor OF any duly
agent OF the State Treasurer
upon demands audited by the State De-
lpartTnent Of Finance. and the moneys Ia
be returned into the General Fund In the
State treasury pursuant to the provi-
lsions Of this section shall likewise be
lpaid rs herein provided upon warrants
duly drawn by the Controller Of the
State upon demands duly audited by the
State Department Of Finance.
99O6. The. sum Of thirty-fve thou
sand dollars ($35.000) Is hereby appro-
|priated out Of any money In the State
Treasury not otherwise appropriated to
pay the expenses that may be incurred
by the State Treasurer in having said
bonds prepared and In advertising their
sale. Said amount shall be refunded t.
the General Fund In the State treasury
out of the Veterans Farm and Home
Building Fund of 1943 on Controllers
warrant duly drawn for that purpose.
990.7. When the bonds authorized Il
be issued under this article shall be
duly executed. they shall be by the State
Treasurer sold at public auction to the
highest bidder for cash, In such parcels
and numbers as the said Treasurer shall
be directed by tho Governor Of the State
under seal thereof. after a resolution
such sale shall have beer
adopted by the Veterans Welfare Board
md approved by the Governor OF t0t