Weekly Trinity journal., 1863-08-29
AN ACT
TO PROVIDE BONDS FOR COMPILE.
Il VIT-s V1Tl DUH. UUHI0 NUI BTTTTW ny -UTT.
[Approvcd April 81, 1868

The People Of the State Of California; repreesI in Senate
and assembly, do enact as fJlolcs:
Section l. For the purpose of completing and furnishing
the state Asylum for the Deaf Dumb and Blind the Treas
ufer of state shall cause to be prepared suitable bonds
the state of California, bearing interest at the rateof seven
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 countersgn,d by the Controller and iudorseJ by tho
rsurer of state and shall have the seal OF the state af-
6Xed thereto, and shall date from the first day of July A.
D. eghtaen hundred and sXtyiour and be made payable
at the Office Ct the Treasurer of State within twenty years
after The date of their issue.
COUPONS FOR INTEREST.
Sec The coupons for interest shall be attached 10 each
bond 20 Tint each one may be removed without injury or
del9crment Of the bond the remaining coupons The
SAID coupons shall b. consecuycy numbered and signed
by the Treasurer State and shall represent the semi.
animal interest on the bond to which they attached
RECORD or BoYDS--ANoUNr To RE ISSUED
Sec 4 The Treasurer shall furnish the Controller Of State
with the number and of each bond prepared for
issue and each of the above named officers shall keep
OF each bond issued under this Act the whole amount Of
which bonds to bc styled the Asylum Bonds " Shall not
exceed seventy five thousand dollars S75O0O)
APPROPRIATIONS
Sec s. The sum of hundred dollars is hereby ap
proprated from the fund arising from the sale of the Ay
Ih ohds to pay snch expenses as may be incurred by
the Treasurer in the preparation of the said bonds
TAN FOR PAYMENT OF PRINCIPAL AND INTEREST
Sec o For payment of the principal and interest uf the
"Asylum Bonds" authorized by hs Act there shall hs
levied on the first Monday in March A. d. eighteen hun
dred and sixty four and each year thereafter unul the
interest and principal be fully paid annual tax of three
ionrhs of one per cent each hundred doa-, Of
value of all the taxable property in this state which tax
shall be assessed and collected other state taxes and
the Treasurer of State apart m fund to designated
the Asylum Bond Redemption and Interest Fund to he
applied exclusively the payment OF the interest of the
"A,yum Bonds 81 aud for The redemption of thc 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 N ASYLUM TGND.
Sec 4 Whenever, the first day January the first
OF JGy 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 as herein
provided 1t shall be The duty of the Treasurer of state to
advertise ten days in daily newspaper published in the
city of Sacramento and in daily newspaper published
III Nhe city o san Francisco for sealed proposals. to be
opened one month after the expiration of the time of pub
caton in of the Governor State Controller and
Treasurer at the Trcasurcrs Office for the surrender of
Asylum Bonds; and the advertisement shall state the
dempon Of the SAID bonds and the lowest proposals for
shall accepted at such rates. exceeding
par value, as will redeem the largest amount of bonds un-
til the money in the fund is exhausted.
TREASURER TO REPORT MONTHLY.
See s. The Treasurer of state shall keep full and par
cuar account of interest paid and bonds redeemed and
render the to the Controller monthly and it shall be
his duty pay the interest the said bonds when the
same falls due, from the fund provided by this Act
NOTICE FOR SALE OF BoNps-rEoVl>o
Sec o. When this Act shall have been ratified by vote Of
the people hereinafter provided the Treasurer of stat"
shall advertise twenty days in daily newspaper pub
Hhed IN the city OF Sacramento and IN one daiy hewspa
per published IN the city of San Francisco for sealed pro
posas for the purchase of the whole any portion of the
Asylum Bonds, and on the day named in the advertise
ment for opening said proposals they shall be opened at the
office ct the Treasurer Of state in prescnceot the Governor
Controller ana Ireasure ana the sums bid for awarded to
the highest bidder provided, that NO bid shall be accepted
AT more than ten per cent discount upon the amount rep
resented l.! the bonds bid for and y por 4on OF bonds
a1thorzs 90 issue under this Act which -. nf he die
posed Of by bid as above provided shah Doe lM by the
Treasurer of state win th' approx al of tho Governor and
Controller; provided, that sale shall be made
than ten percent discount upon thcamouut by
bonds Sold with the interest which may be due and
represented by coupons the time Of sale and all
sales shall be made for gold coin OF the United states and
the proceeds shall be apart in the Treasury and cons
tute the Blind Asylum Building Fund. y
ERECTION AND FrRNIsING ASYLUM, ETC.
Sec TO- The Trustees of the Deaf Dumb Blind Asy-
um upon approved plans and specifications which shall
be filed in the office Of the secretary of state shall
ernor, for the erection and furnishing Of the Asylum in
complete provided it shall not involve more
pendiure than will becovered by the eamount realized from
the sale OF the Asylum bonds issued under this Act
CLAIMS TO m CERTIFIED, Erc,--rAIMENr OF.
Sec H. All claims for material, labor and charges in,
Blind Asylum, in accordance with the plans above men
toned shal bn certified by the Board Of Trustees, audup
Ht'.' shHI draw ms warrant or me amount OF such
claim in favor Of the person or persons to whom i is due
and the Treasurer Of state shall pay the same from the
Buno Asy Ium HuIldng Fund.
ACT To De SUBMITTED TO VOTE AT TIE ELECTION OF
SEPTEMBER, 1868,
Sec r. This Act shall be submitted the people Of the
State for ratification at Tie general election to be held on
the first Wednesday Of Septembar A. y. eighteen hundred
and siNthre', ana the Quah"d electors al tins Slale
will at -rd election, their ballots for state officers,
vote either for against this Acts ho7c voting for the
same shall have written printed ther ballots for state
those voting against the same shl have written printed
on the ballots the words Against AS um Building Act
PROCLAMATION or RESULT.
Sec. 49, The votes or and against s Act shall be can
vassed returned and declared. In the same manner and
subject the rules votes cast for Treasurer OF
state aud IL il appear that majority of all The votes
cast against this Act aforesaid n favor o tho
same then it shall haye 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 ana l Of the bonds herein au
thorzed but should majority of votes be given against
the Act, then it shall be void and ui no effect.
PumIcuI0N HY SECRETARY STATE.
Sec II The secretary of shall this Act to be
published in ewspapcr in each judicial district if ono
b, pubi he'd therein throughout the state, for three
months proceeding the first Wednesday Of September d.
eighteen hundred ana sixty three 40 such rates of alyer
sing as ar, maintained by the papers in which the same
may be published provided they do not exceed II rates
fixed for state printing.
Sec section fourteen of this Act shall take effect i'm
mcdatay. 20ie