Article XI-a.
Rural Credits
Section 2.
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19421916
19421916
State Land Board to Issue Bonds
The governor, secretary of state, and state treasurer shall constitute the state land board, which board is hereby authorized and directed to issue and sell or pledge bonds in the name of the state to be known as Oregon farm credit bonds in an amount not to exceed said two per cent of the assessed valuation of all the property in the state, and to place the proceeds in the state treasury in a fund to be known as the "Rural Credits Loan Fund."