The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1950-08-24
LEGAL
BY THE GOVERNOR OF THE
STATE OF MONTANAEA
P~ROCLAMATT0N

STATE OF MONTANALA
PROCLAMATION
whereas, petitions signed nv
the requisite number Of voters
and praying for the initiation
OF a certain measure to be
hereinafter more particularIv
described. have been duly and,
regularly filed in the office of
the Secretary of State within
the time required by the Con
Stitution of the State of Mon
tana:
Now, THEREFORE. T John
W. Bonner, Governor of The
State of Montana, in compliance
with the provisions of the Con-
Stitution and Statutes, do here
by proclaim the filing of such
petitions for the submission fo
the qualified voters of the
State of Montana for their am
prevail or rejection at the req
ular election to be held on the
seventh day of November, 1850
of the following measure, TO-
wit:
INITIATIVE NUMBER FIFTY
FOUR
"A BILL TO ENACT BY IN
ITIATIVE A LAW PROVIDING
FOR THE PAYMENT OF AN
HONORARIUM, OR ADJUSTED
COMPENSATION, TO EACH
RESIDENT OF MONTANA WHO
WAS ON ACTIVE DUTY m
MILITARY SERVICE IN THE
MILITARY FORCES OF THE
UNITED STATES DURING
WORLD WAR II, BETWEEN
DECEMBER 7, 1941, AND SEP
TENDER 2, 1915, BOTH DATES
INCLUSIVE: AUTHORIZING,
THE STATE OF MONTANA TO
BECOME INDEBTED IN THE
SUM OF TWENTY-FIVE MIL
LION DOLLARS ($22, 000, 900 .O0)
IN EXCESS OF THE CONSTI-
TUTIONAL LIMIT OVER AND
ABOVE ANY BONDED IN
DEFICIENCIES HERETOFORE
INCURRED OR CREATED AND
FOR WHICH SAIL STATE Is
NOW OBLIGATED: CREATING
THE WAR VETERANS COM
PENSATION FUND: PRO
VIDNG FOR THE ISSUANCE
AND SALE OF LIMITED OBJ
LEGATION BONDS OF AND IN
THE NAME OF THE STATE OF
MONTANA IN THE SUM OF
TWENTY-FIVE MILLION DOL
LARS 1872 00, 100000 TO AC-
QUIRE FUNDS FOR THE PAY
MENT OF SUCH HONORARIUM
OR ADJUSTED COMPENSA-
TON: PROVIDING FOR THE
FORM OF SUCH BONDS; PRO
VIDING THAT SUCH BONDS
SHALL NOT BE OR BECOME
GENERAL OBLIGATIONS OF
THE STATE OF MONTANA,
BUT SHALL BE PAYABLE
ONLY OUT OF THE GIG
ARETTE TAX PROVIDED FOR
IN SAID LAW; PROVIDING
FOR THE CREATION OF A
VETERANS COMPENSATION
BOND RETIREMENT FUND TO
PAY THE PRINCIPAL AND IN
TEREST OF SUCH BONDS BY
LEVYING AN EXCISE TAX
UPON THE SALE OF GIG
ARETTES IN THE STATE OF
MONTANA IN ADDITION TO
THE CIGARETTE TAX I'M
POSED BY CHAPTER Sc OF
TITLE "a OF THE MONTANA
REVISED CODES OF 1947, AND
PROVIDING FOR THE COL
LECTION OF SUCH ADD
TTONAL TAX IN THE SAME
MANNER AS THE CIGARETTE
TAX IMPOSED BY SAID
CHAPTER Sc IS COLLECTED;
AMENDING SECTIONS 84-5606
AND 84-5621 OF SAID RE
VISED CODES: MAKING AN
APPROPRIATION OF TILE
FUNDS DERIVED FROM THE
SALE OF SUCH BONDS: PRO
VIDING THE METHOD OF
PAYMENT OF SUCH HONOR
ARIUM OR ADJUSTED COM
PENSATION; DEFINING
WORDS AND PHRASES:
PLEDGfNG THE STATE OF
MONTANA TO CONTINUE ~
LEVY AND COLLECT SUCH
TAX AND PLACE THE PRO
CEEDS THEREOF IN THE WAR
VETERANS COMPENSATION
BOND RETIREMENT FUND
UNTIL ALL BONDS ISSUED
UNDER THE PROVISIONS OF
SAID LAW AND TILE INIES,
EST THEREON SHALL Have
BEEN PAID; MAKING IHE
BONDS ISSUED UNDER SAID
Law A LEGAL INVESTMENT
FOR FUNDS OF THE STATE
OF MONTANA; PROVIDING
PENALTIES FOR VIOLATION
OF PROVISIONS OF SAID
LAW; AND MAKING OIHEI 6S
PROVISIONS GERMANS IO
THE MAIN PURPOSE OF SAID
LAW
IN WITNESS WHEREOF ! nave
hereunto set my hand ana
caused the Great Seal OF the
State to be affixed.
DONE at the City OF Helena
the Capitol, this the twenty
second day of July, in the
wear of our Lord one thouS-
and nine hundred and fifty.
JOHN W. BONNER,
GOVERNOR OF MONTANA
GREAT SEAL)
By the Governor-AtteSC:
Sam w. Mitchell
Secretary of State.
BY Clifford G. Walker