The Placer herald., 1863-02-21
THE RAILROAD BILL.
AN ACT
AN ACT
To authorize the County Of Placer to loan
its credit to ''Che sacramento, Placer
and Nevada Railroad COmpany,o to the
amount SlOO.OOO.

The People Of the State of California rep
resented in Senate and assembly, do enact as
fOfI0US:
SEC |. Whenever the Sacramento Placer and
Nevada Il lroad Company by aud through its
Board OF Directors and President shall make writ
ten application to the BoIld of Supervisors Of the
county OF Placer at any regular or stated meet
ing OF said Supervisors requesting said county
of Placer. through its properly constituted au-
thorities, to issue to said Railroad Company the
bonds OF said county in the total sum OF 100000,
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 reCei OF said petition from
said Sacramento. Placer and Nevada Railroad
Company. the Board Of supervisors shall enter
tain the tine. and in order to ascertain whether
the people of said county willing that its
credit shall be loaned as desired by said Company,
said Board OF Supervisors shall. within sixty days
after the receipt of said petition, order special
election to be held in said county at which shall
be submitted the proposition Of said loan to said
Railroad Company, to be voted upon by the
qualified voters OF said county
| SEC. 3. The lid election shall be fixed by said
Board Of Supervisors. for some day not less than
thirty, nor more than sixty days. from the time of
making said order. Said Board shall cause a
notice of said election to be published for the
! period of four weeks next before tho day Of said
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
tion TO be voted upon. and the places where the
| polls will be opened on said day for said cleo
| ton. which shall be the same as the precincts
fixed for said purpose at the la> preceding gene
raj election They shall also appoint judges and
inspectors of said election and Cause notice there
of to be given rs in other elections authorized by
law. No compensation shall ne allowed to any
Judge, clerk. or Inspector acting at said election.
SEC. 1. Upon the day fixed by said order the
| pln shall ha hpln E'lph ott oln
voting at said election. shall have written or
| printed upon his ballot the words" Railroad Loan.
| Yes" or the words "Railroad Loan. No. Said
elcction shall be conducted aud the returns there
| OF shall be made out and transmitted to the
| County Clerk within the time and in the manner
prescribed by law at general elections. On the
fifteenth day aterthe day OF holding said election.
the Board of Supervisors shall meet and canvass
said returns. and declare the result
SEC. 5. II upon the canvassng of said returns.
| it shall he found that OF the votes cast at said
election having written or printed upon them the
words "Raroad Loan, Yes. or the words - h, all
road Loan. No. ma jOrily have written or print
ed upon them ''RIilroad Loan, No. then the duty
of the Board OF Supervisors in the premises
shall cease and determine; but il a majority of
the votes so cast shall have written or printed
upon them the words "Railroad Loan. Yes - then
the Board of Supervisors shall issue the bonds of
said county. III the manner hereinafter prescribed.
| SEC. e. When it shall be ascertaned in the
manner prescribed in section five OF this Act. that
| the majority of the votes cast at said election.
b1vinG written ar nrinied on Than, ,ba ,,',
| Railroad Loan Yes - or ..R abroad Ionn NJ :,
have written or printed upon them the words
"Railroad Loan. 1es, then ii shall be the duty of
said Rn,rd of Sunrrvisnrs vbnnnvor tLon,to' 20
o,,st al Ly tbn pr,s,lo,t .,nl pnni r. ~: wv iO'
nr s,id pni,rnnd Comnonv to nrar.'ro 81 :
to s,id Railroad Cnmn,nv tbn Lo,ds "' w
! courtv to tho an,ount If ono hnrd,I t, ~ ''''u
doII,rs Slid hnndc nav Ln in s,,rl ~ . "V" I
dred and 6rtv five hnndrcd or onn tbnusnJ ' 1i
l,rs o,nb os n,,, Ina r1,,,,,,sfod I ~ ~ l"i
Comnanv. ,hnv Shall nInrr.s man tbni
II ture Of the saron and obinct for which ,o, '"o
issunI. Shall lac n,v,Ilp in twon,, ,.one y w.
thnr ,tn. shall In,r intrnst ,t th = ~ ::
nnr cent nrr nnnnm n,vuI,ln srni,n,,,,'I, : ~
Inc first DAVIS of JuIv and Jnuarv Of ,,h . va
and sh IN h,va intnr..t connon. ,tt,oLl ~ ;
sinr tho rItn and tin,.or ui,I,'no',t ~ vs.
,hn1e snnridrd Rim hopIs and cnnrn,, ~ a. a.,
la nal y n,y,II., tL naina ~ tI ~ pN'o '".i
s,i1 ronntv 0''7''' VI III
SIC ! ! ia bonds shall Zach hn sionol hr ,to
prn.;lnnt ot thn po,,I al KIM, ,,.i. ,,a y -,
Treasurer o thn connlv ana '"t '"0
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