Weekly Trinity journal., 1863-06-27
AN ACT
rVNO PROVIDE BONDS FOR COMPILE
L ting tho Deaf Dumb aud Bnt Asylum.
[Approvei April %, 1861


RoNns.
The Peop If the State qf Cuontd represented in Senate
and assembly, do enact as foii00S
Section For the purpose of completing and furnishing
the State Asylum for the Deaf Dumb and Blind the
urer OF state shall cause to be prepared suitable bonds of
the state of California bearing interest at the atco seven
per cent per annqm, payable semi annually on the first
day OF January and the first day Of July Of each year
the Office of the Treasurer of STATE.
BONDS
Sec. The said bonds Shall be signed by the Governor
and cOuntersgned by the Controller and in by the
Treasurer Of State and shall have the State
fixed thereto and shall from the first day Of july A.
D. eighteen hundred and sixty four be payable
at the Office of the Treasurer Of State within twenty years
after the date Of their issue,
COUPONS FOR INTEREST.
Sec The coupons for interest shall be attached to each
bond that each may be removed without injury
DETACHMENT of the bond the remaining coupons. The
said coupons shall BE- conaecutvey numbered and signed
by the Treasurer Of State and shall represent the semi
animal interest an the bond to which they attached
RECORD OF BOMBS AMOUNT BE ISSUED.
Sec The Treasurer shall furnish the Controller Of State
issue ana each OF the above named officers shall keep
careful and correct record of the number and denomination
of each bond issued under this Act the whole amount of
which bonds to be styled the "Asyum Bonds shall not
exceed seventy five thousand dollars (S75,G0O.)
APPROPRIATION
Sec. 3. The of hundred dollars is hereby
prOprIted from the fund arising from the sa of the Ay
um Bonds to pay such expenses may be incurred BY
the Treasurer in tho preparation Of the said bonds
TAX FOR PAYMENT OF INTEREST.
Sec For payment OF the principal and int rest of the
Asylum Bonds" authorized by this Act, there shall be
dred and sXtyGour and each year thereafter until the
interest and principal be fully paid annual tax of three
iourths of one per cent each hundred dol as Of
value of all the axahle property in this State which
shall be assessed and collected other STATE taxes and by
the Treasurer of State set apart fund.- to b. designated
the Asylum Bond Redemption and Interest Fund.-" to be
applied exclusively to the payment of the interest of the
Asylum Bonds aud for the redemption of the same
ana the aith OF the state OF California is hereby pledged
for the payment herein provided of the principal and
interest of said Asylum Bonds"
SURPLUS IN ASYLUM FUND.
SEC Z. whenever, the hrSt day of the first
of July Of any year, there remains in the Asylum Bond
and Redemption Interest Fund" surplus of five thousand
provided it shall be the duty Of the Treasurer Of State
advertise days in one daily newspaper published in tho
city of SACRAMENTO and in daily newspaper published
in the city Of san Francisco, for sealed proposals, be
opened one month after the expiration Of the tina of pub
Tfesarsf "a At Ss ca sS Ge 6r 's Ne @ @
Asylum Bonds and the advertisement shall state the
amount of moneys in the fund to be applied for the
demption of the SAID bonds lowest proposals for
surrender shall be accepted az such rates. not exceeding
par value as viii redeem the g st amount Of bonds IN
til the money IN the fund is exhausted.
TREASURER To REPORT
Sec s. The Treasurer Of State shall keep full and par
cuIr account Of interest paid and bonds redeemed and
render the same to the Controller monthly, and it shall be
his duty to pay the interest the said bonds when the
same falls due, from the fund provided by this Act
NOTICE FOR SALE OF BoNDs-PR0vI5o
Sec When this Act shall have been ratified by vote Of
the people, as hereinafter provided the Treasurer of State
shall advertise twenty days in daily newspaper pub
lShed in the city of Sacramento and in daily newsp1
published IN the city of San Francisco for sealed pro-
posas for the purchase of the whole any portion of the
Asylum Bonds " aud on the day named in the advertise
mant for opening said proposals they shall opened
office of the State presence the Governor
Controller and Treasurer and the bid for awarded
the highest bidder provided that no bid shall be accepted
at more than ton cent discount upon the amount rep
resented by the bonds bid for and any portion of bonds
authorized to issue under this Act which shall not be dis
posed oil by bid as above provided, shall be sold by the
Treasurer Of State with the approval the Governor and
Controller provided, that sale shall be made at more
than ten cent discount upon the epresnted by
the bonds Sold with the which NAV be due aud
represented by coupons at the time Of such sale and all
ses sha De mae or god com OF the United States, and
the proceeds shall be set apart in the Treasury and cons
tute the " Blind Asylum Building Fund"
ERECTION AND FURNISHING ASYLUM, ETC
Sec. 10 The Trustees of the Deaf Dumb and Blind Asy
lum, upon approved plans and specifications which shall
be filed in the office of the secretary Of State shall
tract upon surees, which shall be approved by the Gov
ernor, for the erection and furnishing of the Asylum in
complete manner provided it shall not involve
panditure than will be covered by heamount realized from
the sale Of the Asylum bonds issued under this Act
CLAIMS TO BE CERTIFIED, BrC.--4rAYMENT or.
Sec II. All claims for material labor and charges IN
Cured in constructing and furni hn the eof nnn and
Blind Asylum in accordance with the plans above men
toned shall b. certified by the Board of Trustees and
on approval by the Board Of State Examiners Controller
OF state shall draw his warrant for the of such
em in favor Of the person or persons to whom is due
Blind Asylum Building Fund.
ACT 10 BB SUBMITTED TO A ELECTION OF
SEPTEMBER, 1868.
Sec. 12 This Act shall submitted to the people of the
State for ratification at the general election be held on
the first Wednesday of September, A. D. eighteen hundred
and sixty three aud the quan ID electors of this State
Will, at said election, on their ballots for State officers
vote either for or against this Act those voting for the
same sha have written or printed on their ballots for State
officers, tile words g For Asylum Building Act" and
those voting against the shall have writ N or printed
on the ballots, the words, Against Asylum Building Act"
PROCLAMATION OF RESULT .
Sec 13. The votes for aud against this Act shall be can
yassed, returned and declared the same manner and
subject to the same rules Treasurer OF
State and if IL appear that majority of all the votes
cast for and against this Act aforesaid in favor the
same, then it shall have immediate effect and the Cover
nor shall make proclamation thereof accordingly and the
Treasurer Of State shall proceed above directed to pro
vide for the preparation and sale Of the bonds herein au
thorlzed but should majority of be given against
the Act, then it shah be void and of effect.
PUBLICATION BY SECRETARY STATE
Sec H. The secretary of State shall this Act to he
published In ono newspaper in each judicial district one
b. published therein throughout the State for three
months preceding the first Wednesday of September D.
eighteen hundred and sixty three at such Of yet
sing maintained by the papers in which the same
may he published provided they do not II rates
fixed for state printing.
See Is, Section fourteen of this Act shall effect i'm
medlately' cote