Weekly Trinity journal., 1863-08-01
AN ACT
I've PROVIDE BONDS FOR COMPILE
a TUX VIV IVNI' IUIIIV IIIu I'IIIIVI ny 77ITTI
,,AFproyed Aprl ~, 1861

NNfP'VNN" hfiNr'1 '''"'J
BoNBs
The People Of tie Slate Of California rrescel IN Senate
and .issembiy, DO enact as foHoWs
Section l. For the purpose Of completing and furnishing
the state Asylum for the Deaf Dumb aud Blind the Treas
urer of state shall cause TO be prepared suitable bombs Of
the state Of California bearing interest at the ratcof s'vet
per eopl per annup payable semi annually the hrst
day OF January apd the hrst day of July of each year at
the oMce of the Treasurer of state.
FORM RoNps
Sec 2 The SAID bonds shalt be signed by the Governor,
and counarsgucd by the Coutrocr and inors,d by tn
Treasurer Of state and sfa have the seal Of the state al
xod thereto aud shall date from the rst day of July A.
D. eighteen hundred and sixty four and be made pay abba
at the Office of the Treasurer of state within twenty Nens
after the date OF their issue.
INTItglr.
See 8 The coupons for interest shall be attached to ca
bond that each may be removed without injury
dcaceu,cnt of ihc bond the remaining coupons fhr
said coupons shall b. copsecutive numbered, and snd
by the Treasurer of state aud shall represent the mi
animal interest the bond to which they attached
RECORD OF RoNps-AMorNr ~ HE rSsuEn,
Soc & The Treasurer shall furnish the Controller of state
issue, aud each of the above named officers shall keeps
careful and correct record of the number and cnomnaH
OF each bond issued undor this Act the Shoc amount Of
which bonds to be styled Hlc Asylum Bonds, shall nat
exceed seventy five thousand dollars (5IjOOOl
APPROPRIATION
Sec 6. The sam OF hundred dollars Is hereby ap
propracd from The fund arising from the Sa2 of the Ay
um Bonds to pay such expenses may he incurred by
the Treasurer in The preparation of the said bonds
PAYMENT or PRINCIPAL AND INTEREST
See For payment OF the principal ana interest OF "a"
" Asylum Bonds authorized hy thiS Act there sha o.
drcd and sixty four and each year thereafter uBth u'
aud principal be fully pad apuuG tax of three
luurtta per cent each one huulrod dollars OF
value of all the taxable property w this state which lN
shall be assessed and collected other state taxes and hy
the Treasurer Of State set apart fund to b. designated
tie Asylum Bond Redemption and Interest Fund to h9
Implied exclusively to the payment of the interest ol u'
Asylum Bonds, aud Tor the redemption of tho same
and the mth al the state of California rs hereby pledged
ior the payment rs herein provided, oi the principal and
interest Of said Asylum Boud3.'
SURPLUS ~ ASYLUM FUND.
Soc Whenever the Grst day of January the nrst
of July of any year, there remlns n the asylum onl
aud Redemption Interest Fund surplus OF hNe thous'n
dollars more, after the payment of interest as hcrop
provided il shall be The duty Of the Treasurer Of state b.
advertise ten days daily newspaper published in d
city of Sacramento, and Ia one daily newspaper published
IN The city OF san Francisco for sealed proposals. to b
opened month after tho expiration Of the tmo Of pub
caion, IN prenneo Q tie Governor state Controller AMI
Treasurer at the Trcsurcrs Office for the surrender Q
Asylum Bonds and the advertisement shall state tho
amount Of moneys IN th' fund TO be applied for tho
surrender shall be accepted at such nos not exceeding
IT tlic money IN the fund e. exhausted
rWt,suRE'
Scc The Treasurer Of State shall keep full and par
ucuu account o utocst paid aud bonds redeemed. aud
render the same to Che Controller monthly and shall ho
his duty to pay the interest the said bonds when tho
same falls due, from the fund provided lay this Act
AotpE ron sAiS ot toNns-rtoNlSo.
Sec s. When tins Act shall have been ratified by vote OF
hr people hereinafter provided the Treasurer Of state
sball advertise twenty days IN one daily newspaper pub
per published N tho city Of Sln Francisco for sealed pro
ppsa for the purchase Of the whole any portion OF tho
As lum Bonds aud the day named the advertise
mcnt for opening said proposals they shall be opened at h'
office OF the Treasurer of state IN presence of the Governor"
Controller and Treasurer aud the sums bid for awarded u
the highest bidder provided, that no bid shall be accepted
at than ten per cent discount upon the amount rep
resented by the bonds bd for and any portion of bonds
authorized ssur under this Act which shall be- dis
posed of by bid above provided shall he sold by hA
Treasurer of state Bb the approval of the Governor AMI
Controller pro, tled that no sale shall be made at
than ten percent discount upon the amount S
the bon sold with the interest which may be due ant
represented by coupons At the time OF such slr and ui
u.ltt ttfIt Ift GlHf
the proceeds shall be- set apart in the Treasury and cue
tute the Blind A -ylum Bulding Fund
EpgTloN Mp FURNISHING ASYLUM, ETC.
Soc 10 The Trustees Of the Deaf Dumb and Blind Asy
lum upon approved plans and specifications, which shall
be- Gled the Office Of the secretary of state, Shalt con
tract upon uretc which shall be approved by the Go,
crnor for the erection aud furnishing of the Asylum ~
complete manner provided, II shah not involve moro cN
pendurc than ~il becoyered by the amount r~ld n"m
the sale of the Asylum bonds issued under this Act
TO ~ CERTIFIED, ErC--rAN NENT ~.
Sec II All olaims for material labor and charg's m
curred IN constructing aud furnishing the Deaf pb nnl
Blind Asylum, In accordance with the plans above meu
toned shall be certified by the Board Of Trustees ud up
OF state shall draw hts warrant for the amount OF sub
claim IN favor OF the person or persons 70 whom u d'
and the Treasurer of state shall pay the from tu
Blind Asylum liuilding Fund
ACT To III SUBMITTED To VOTE AT TUE EEcuN %
SEPTEMBER, 1868.
Sec 70 This Act shan be submtod to the poopl Of the
State for ratification at the general election I" nc held on
the FIRST "Wednesday Of ScptcU bcr A. D. eighteen hunuiei
and sixty three, and the quahh"d electors o. ts Sll'
Will said election their ballots for state officers
vote other against lilS ACT lIo9c Nntlug
shall have wrtenO printed on their ballots for state
officers, the words 3" For Asylum Building Act and
those voting against sapc shall have written printed
on the ballots the words, Against ylum Building Act
PROCLAMATION RESULT.
Sec - Tho votes aud against this Act shall he
yassed returned and declared, in the aud
subico 10 the same rus as votes east for Treasurer -
state and If 1t appear hat majority of all the votes
for and against this Act aforesaid in agg OF to
Same, then shall haye Immediate elect, aud lhe GOser
nor shall make PROCLAMATION thereof accordingly and bs
Treasurer Of Stac shall proceed above directed to pro
vide for the preparation aud sat of the bonds herein
thorzed but should majority Of votes be given against
the Act, theu II shall be void and of no effect
PUBLICATION ~ SECRETARY
Sec H. The Of state shall this Act to he
published in newspaper IN each Judicial district II
ba publshed therein throughout the state, tr three
months proceeding the first "Wednesday of september u
sing maintained by the papers in which she
may ho published provided they do not exceed II rates
GXed for state printing.
Sc. 10 Section fourteen of this Act shalt take eHct i'm
m adatcly. t.