Weekly Trinity journal., 1863-06-06
AN ACT
TO PROVIDE BONDS FOR COMPILE
lApproyed April 27, 1851

Il 'AS tne Deali DUMB aud Bind Asyl
lApproved April q, 1868
BOMBS
The People Of the State of California represa in Senate
ana assembly, do enact as tollolcs
Section For the purpose of completing and furnishing
the State Asylum for the Deaf Dumb and blind the Treas
% e V o'e Sa cause TO be prepared suitable bonds Of
the state OF California bearing interest at the rate of seven
per cent per annum payable semi annually on the first
& & oa January ana the first day of July of each year
the ofhce OF the Treasurer of State
FORM BONDS
sec The said bonds shall be signed by the Governor
and countersgned by the Controller and ndorsed by the
Treasurer of state and shall have the seal of the state a
fixed thereto and shall date from the first dav of july A.
d. eighteen hundred and sixtyour and be made payabe
at the oce OF the Treasurer of State within twenty years
after the date of their issue.
COUPONS INTEREST
sec The coupons for interest Shall be to each
oonu so th each one may be without injury
deiacement of the bond the remaining coupons The
sau coupons Shall be cOnsccutvey numbered and signed
oy e treasurer OF state and shall represent the semi
animal interest ON the bond which they attached
RECORD OF BoNpS-AMoUNr To BE ISSUED.
sec The Treasurer shall furnish the Controller State
with the number and amount of each bond prepared
issue and each of the above named officers shall keep
careful and correct record of the number
of each bond issued under this Act the whole amount
which bonds to be styled the Asyum Bonds shall not
exceed seventy five thousand dollars (S75OOO)
APPROPRIATION.
Sec s. The sum of hundred dollars is hereby ap
PropTmed from the fund arising from the sale of the Asy
um Bohds To pay such expenses be incurred by
the treasurer in the preparation of the said bonds
TAX FOR PAYMENT OF PRINCIPAL AND INTEREST.
Asylum Bonds authorized by this Act there shall be
levied on the first Monday in March, A. D. eighteen hun
dred and sXtytour and each year thereafter until the
interest and principal be fully paid annual tax of three
ourths of one per cent on each hundred dollars
sha be assessed and collected other State taxes by
the Treasurer of State set apart fund to be
the Asylum Bond Redemption and Interest Fund " to be
apped exclusively to the payment of the interest the
Asylum Bonds aud for the redemption of the same
and the faith of the State of California hereby pledged
Tor the payment as herein provided of the principal and
interest Of said Asylum Bonds"
SURPLUS ASYLUM FUND.
Sec l. Whenever the first day of January or the first
of July of any year there remains in the Asylum Bond
and Redemption Interest Fund.- surplus of five thousand
dollars or more after the payment of interest herein
advertise ten days in daily newspaper published the
city of Sacramento and in daily newspaper published
in the city OF San Francisco for sealed proposals
opened one month after the expiration of the time of pub
caton in presence OF the Governor State Controller and
treasurer at the Treasurers Office for the surrender of
Asylum Bonds ana the advertisement shall state the
amount of moneys in the fund applied for the re-
dempon of the sad bonds and the proposals for
surrender shall be accepted at such rates exceeding
par value will redeem the largest amount Of bonds uu
I'll the money in the fund is exhausted.
TREASURER REPORT MONTHLY
See s. The Treasurer of State shall keep full and par
tcuar account of interest paid and bonds redeemed and
render the same to the Controller monthly aud it shall be
his duty to pay the interest the said when the
same falls due, from the fund provided by this Act
NOTICE FOR SALE OF BoNDs-PRovIso
Sec g. When this Act shall have ratified by vote
the people, as hereinafter provided the Treasurer
shall advertise twenty days in daily newspaper pub
ished IN the city OF Sacramento and daily
per published IN the city of San Francisco for sealed pro
posas for the purchase of the whole any port the
Asylum Bonds and on the day named in the advertise
ment for opening said proposals they shall be opened the
office of the Treasurer of State in presence of the Governor
Controller and Treasurer and the bid for awarded
the highest bidder provided that bid shall be accepted
at than ten per discount upon the amount rep
resented by the bonds bid for any portion of bonds
authorized to issue under this Act which Shall not be dis
posed OF by bid as above provided shall he sold by the
Treasurer OF State with the approval of the
Controller provided that sale shall be made
L.,
the bonds sold with the interest which may due and
represented by coupons at the time of such sale and all
sales shall be made for gold coin of the United States and
the proceeds shall be apart in the Treasury and cos
tue the Blind Asylum Building Fund"
ERECTION AND FURNISHING ASYLUM,
Sec 10. The Trustees of the Deaf Dumb and Blind Asy
um, upon approved plans and specifications which shall
be filed in the Office of the secretary of State shall
tract upon uretes which shall be approved by the Gov
ernor, for the erection and furnishing of the Asylum
complete manner provided, it shall not involve
pendure than will be by the amount realized from
the sale of the Asylum bonds issued under this Act
CLAIMS TO he CERTIf1ED ErC.--PAYMENT OF.
Sec. H. All claims for material labor and charges in
Cured in constructing and furnishing the Deaf Dumb and
Blind Asylum, in accordance with the plans above men
toned shall be certified by the Board of Trustees up
Gy ihe b9aa @ q Wt Tta M the Controller
claim favor of the person persons to whom ittdlc
and Treasurer of State shall pay the from the
Blind Asylum Building Fund
ACT TO BE SUBMITTED To VOTE AT TIE ELECTION OF
SEPTEMBER, 1863.
Sec. IL This Act shall be submitted to the people of the
State for ratification at tho general election to be held
and sixty three and the qualified electors of this State
will at said election their ballots for State officers
either for against this Act those voting for the
shall have written printed their ballots for State
officers, the words "For Asylum Building Act, and
those voting against the shall have written printed
the ballots the words Against Asylum Building Act"
PROCLAMATION OF RESULT.
Sec 49, The votes for and against this Act shall he
vassed, returned and declared in the and
subject TO the same rules for Treasurer Of
state and if appear that majority of all the votes
cast for and against this Act aforesaid in favor the
same, then II Shall have immediate effect and the Cover
nor shall make proclamation thereof accordingly and the
Treasurer of state shall proceed above directed pro-
vide for the preparation and sale of the bonds herein
thorzed but should majority of votes be given against
the Act, then il shall be void and of no effect
PUBLICATION ny SECRETARY STATE.
Sec H. The secretary of State shall this Act to be
published in newspaper in each judicial district If
be published therein throughout the State for three
months preceding the first Wednesday Of September d.
eighteen hundred and sixty three such of advert
Sing maintained by the papers in which the
may be published provided they do not exceed the rates
fix xed for state printing,
See IS Section fourteen of this Act shall take effect i'm
mediatcly. ~2Qte