Weekly Trinity journal., 1863-08-22

7he People Of @ STATE Of CafonSs rprese.ed in Senate
and ASSemby, 10 eEdct as foltows!
Section l. For the purpose of completing and furnishing
the State Asylum for the Deaf Dumb and Blind the Treas
of state shalt to be prepared suitable bonds OF
the STATE of California bearing interest at the of
PER eeot aunum payable semi annually the first
day OF January aud the first day of July Of each year
the o0icc Of the Treasurer NJ State.
Sec g The said bonds shah be signed by the Governor
and countersgned by the Controller and ndorsed by tho
fixed thereto and shall date from the first day of July
D. eghcen hundred and sixty four and be made payaol"
at the office of the Treasurer of State within
after the date of their issue.
COUPONS INTEREST.
Sec The coupons for interest shall be attached to each
bond 50 that each one may be removed without injury ar
dcfacement of the bond the remaining coupons. The
said coupons shall be oonsecutyey numbered and signed
by the Treasurer of state aud shall represent the semi
animal interest the bond to which they attached
RECORD os noNps--AMorNr To nR ISSUED.
Sec A. The Treasurer shall furnish the Controller OF State
with the number and amount Of each bond prepared foe
issue and each of tho above named officers shall keep
careful and correct record of the number and
of each bond issued under this Act the whole amount o"
which bonds to be styled the Asylum Bonds shall not
exceed seventy Ave thousand dollars ($75,O00)
APPROPRIATION.
Sec s. Tho sum of seven hundred dollars hereby sp-
proprated from fund arising the sale OF Asy
lum Bonds" to pay such expenses he incurred by
tho Treasurer in the preparation of the said bonds.
TAN foR PAYMENT OF PRINCIPAL AND INTEHKsr,
Soc For payment of tho principal and interest OF the
Asylum Bonds authorized by this Act there shall be
levied, tho nrst Monday in March A. D. eighteen hun
drcd and sixty four and each year thereafter until the
interest and principal bo fully paid annual tax of three
fourts of per cent each hundred dollars Of
s be assessed collected other state taxes and by
the Treasurer OF state sot fund TO be designated
the ylum Bond Redemption and Interest Fund.- to he
applied exclusively to tho payment of the interest OF the
Asylum Bonds, aud for the redemption of the same
aud the faith OF the state Of California hereby pledged
for the payment herein provided OF tho principal and
interest Of said Asylum bonds"
Surplus
SEQ Whenever the ars day Of January the frst
OF July of any year there remains in the Asylum Bond
and Redemption Interest Fund, surplus of hve thousand
dollars or more aiter tho payment OF interest as herein
provided It shall he the duty Of the Treasurer Of State to
city OF Sacramento aud In one daily newspaper published
in tho city of san Francisco for sealed proposals. TO bo
opened one month after the expiration of the tme OF pub
caon, In presence o tho Governor State Controller and
Treasurer AT the Treasurer once for the surrender of
Asylum bonds aud the advertisement shall state ths
amount of moneys In the fund TO be applied for the
dempon of the said bonds and tho lowest proposals for
surrender shall be accepted at such rates not exceeding
value ~ viii redeem the largest amount OF bonds un'
III lho money in the fund is exhausted,
TREASURER REPORT MONTHLY.
See Z. The Treasurer of state shall kosp full and par
tcur account Of interest paid and bonds redeemed and
render tho to the Controller montBy aud shall be-
his duty TO pay tho interest ON the said bonds whom the
same falls due, from the fund provided by this Act.
NOTICE FOR SALE OF nONDs-rRoyIs0.
Sec When this Act shall have been ratified by vote OF
che people hereinafter provided the Treasurer Of State
shall advertise twenty days In one daily newspaper pub
shed in the clty of Sacramento and In one daily newspa.
per published the city of San Francisco for sealed pro-
posa for the purchase of the whole any portion OF the
Asylum Bonds, aud the day named in the advertise
office of the Treasurer Of state In presence Of the Governor
Controller and Treasurer aud the hid for awarded 10
the highest bidder provided that no bid shall be accepted
than ten per cent discount upon the amount rep
by the bonds bid for aud any portion Of bonds
authorized to issue under this Act which shall not bo dis
posed OF by bid US above provided shall 6e sold by ths
of with the approval of the Governor aud
Controller provided that sale shall be made at more
than discount upon the represented by
the bonds Sold with the interest which may be due and
represented by coupons at the time of such sale aud all
sales shall b. made for gold coin of the United States and
the proceeds shall be et apart in the Treasury and const
tue the Blind Asylum Building Fund"
ERECTION AND FuRSslISd ASYLUM, ETc
Sec TO- The Trustees Of the Deaf Dumb and Blind A-y
um upon approved plans and specifications which shall
filed IN the office the secretary State shall
upon surees which shall be approved by the Gov
for the erection and furnishing of the Asylum IN
complete manner provided 1t shall involve .
pendtuo than viii be covered by tho amount eazed from
the sale OF the Asylum bonds issned under this Act.
CLAIMS To NJ CERTIFIED ETC.-PAYhEST oy
Sec. IL. 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 and up
approval by the Board of state Examiners the Controller
OF state shall draw his warrant for the amount Of such
and the Treasurer OF state shall pay the same from the
Blind Asylum Building Fund.
ACT TO he SUBMITTED TO VOTE AT THE ELECTION of
SEPTEMBER, 1858.
Sec l2 This Act shall bo submitted to the people OF the
State for ratification at tho general election to be held on
the first Wednesday OF September eighteen hundr.d
and sixty three aud the quan"d electors OF THIS state
will said election their ballots for state officers
either for against this Act those voting for th1
shall have written printed on their ballots for State
officers tho words; - FOR Asylum building Afi, ami
those voting against the same shall have written OF printed
the ballots the words Against Asylum Building Act
PROCLAMATION
Sec 49, Tho votes for and against this Act shall be can
yassed returned and declared in the same manner au
subject to the rules votes cast for Treasurer OF
state and il It appear that majority OF all the votes
for and against this Act aforesaid are In favor OF tb,
same, then shall have immediate effect, aud the Cover
shall make proclamation thereof accordingly and tho
Treasurer of State shall proceed above directed 10 pro
vide for the preparation and sale of tho bonds herein .u
thorzed but should majority Of votes be given against
the Act, then II shall be void and OF no effect
PUBLICATION SECRETARY OF STATE.
Sec H. The secretary Of State shall this Act To be
published In one newspaper each judicial district
bo published therein, throughout the state, for thrss
months preceding the Wednesday of September n
eighteen hundred and sixty three at such rates OF advert
sing maintained by the papers in which the sama
may he published provided they do not exceed It rates
fixed for State printing
GecIin q I'm.