The Placer herald., 1862-11-08

Tbe People of the State of Caiifornia rep
.osented in Senate and assembly, do endct as
folioDS:
SEC l. Whenever the Sacramento, Placer and
Nevada r abroad Company by and through its
Board of Directors and President shall make writ
ten application to the Bolld Of Supervisors Of the
county of Placer at any regular or stated meet
inc OF said Supervisors requesting said county
of Placer through its properly constituted au-
tborities. to issue to said Railroad Company the
bonds of said county in the total sum Of 5 00O
it shall be lawful Tor said county to issue its bonds
and dispose Of them in the manner following and
subject to the following conditions
SEC 2. Upon the receipt Of said petition from
said Sacramento. Placer and Nevada Railroad
Company. the Board Of Supervisors shall enter
tain the slme. and in order to ascelNhn whether
the neople of said county are willing that its
credit shall he loaned as desired by said Company,
said Board Of Supervisors shall. within sixty days
after the receipt of said petition, order spec al
election to be hed in said county ut which shall
be submitted the proposition OF said loan to said
Railroad Company, to be voted upon ny the
ouali6ed voters OF said county.
SEC 3 Ihe said election shall be fixed by said
Bolrl of Supervisors. for some day not less than
thirty nor more than sixty days from the tine OF
making sid order Said Board shall cause
notice of said election to be published FOR the
period of four weeks next before tn" day OF sad
election in two or more newspapers published In
said county. which notice shall specify the time OF
said election the object Of the same, the PROPOSE
toa TO be voted upon. ana the places WneFe Vne
polls will be opened on S'1lo oay Tor S"ld 'lec-
ton. VIII ch snail ne tue si'he rs th' pr'cIhcls
fixed for said purpose at the last preceding gene
raj election. they snail also appoint judges and
inspectors Of said election ana cause notice there
of to he given rs in other elections authorized ny
law. No compensation shall oe allowed TO any
Judge. clerk or inspector acting at said election.
SEC 4. Upon the day fixed by said order. the
said election shall be held. Each OF the electors
voting at said election. snail nave written or
printed upon his ballot the words '6ailr0ad Loan.
Yes" or The words "RtilroNd Loan. Mo- Said
election SHALL be conducted and the returns there
of shall BE- nude out and transmitted to the
County Clerk within the time and in the manner
prescribed by law at general elections. On the
fifteenth day after the day 81 holding said election,
the Board Of supervisors snail meet and canvass
said rcturls and declare the result
SEC. ). II upon Jhe ctnVa3slhS Oh SAid returns,
it shall be found that OF the votes cast at said
election having written OF printed upon them the
words "Rutrou Loan eS; or lhe "or1S "ittiI-
rold Lolu, No. majority hayr written or print
ed upon them "R tllro'd Loth' NO. tneh th' duty
OF the Board Of onPetFiaofS ~ III" premises
shall cease amt "etermnti put Il a mvo'Ily OF
the votes 50 cast ah'u nave Wrl"eH of printed
upon them the WordN "ltt'iFoaa loan, les. then
the Bo,rd Of Supervisors snail issue the bonds OF
said county in the manner hereinafter prescribed.
SEC. 6. whoa IL shul o' ''certuned III the
manner prescribed IN SecI'ou I'VE OF nus Act that
the minority OF tue woes c'H1 1T S"!u eiectlon,
having written or prlhted on thcm the words
''Rlilroad Loan, eS or 'hIiIfold Loan, No"
have written or printed upon them he words
"Railroad hoan' res theh II Shali De the duty OF
said Board OF SUPERVISORS whenever lhereto re-
questcd. by the PRESIDENT an BOARD OF Directors
of said Railroad Company. to prepare and issue
to said Railroad Company the bonds OF said
county to the amount OF one hundre thousand
dollars. sud bonds may be IN sums OF two hun
dred an MY i've nundre' Or one tnouSanu dol
lIt