Weekly Trinity journal., 1863-07-11
AN ACT
ITO PROVIDE BONDS FOR COMPILE.
i ting the Deaf Dumb aud Blind yum.
[Approyed April o. 1851

BONDS.
The People Of he State Of California; reyresesl in Senate
and assembly, do enact as folows;
Section For the purpose of completing and furnishing
The state Asylum for the Deaf Dumb and Blind the Treas
ler OF State shall be prepared suitable bonds of
the state of California bearing interest at the rateof ,yen
per cent per annum, payable semi annually the first
ay OF January ana the first day Of July OF each year
the Office of the Treasurer OF state.
FORM OF BONDS.
Sec The said bonds shall be signed by the Governor
and counersgned by the Conrule and mdorsad by the
fixed thereto and shall date from the FIRST day uy A.
D. eighteen pdrad and vytonr and be made lAyab!,
at the Office of the Treasurer OF State within twenty yea
after the date of their issue.
COUPONS FOR INTEREST.
Sec Tie coupons for interest shall beatached TO each
bond so tha each one may be removed without injury or
deiacemcn' the bond or the remo.8ug coupons. The
said conpo2I ha De scutyey numbered and signed
by the Ira er Of State, and shall represent the semi
animal interest ON the bond to which they attached
RECORD or RoNDs--AMoUNr BIZ ISSUED.
Sec L. The Treasurer shall furnish the Controller Of state
with the number and of each bond prepared for
careful and correct record Of th. uunbera denomination
of each bond issued under this Act the whole amount of
which bonds to De styled the Asylum Bonds shall! not
exceed seyoaty-Aye thousand dollars (S75O0o)
APPROPRIATION.
Sec 8. The Of seven hundred dollars is hereby ap
proprated from the fund arising from the sale of the Aey
l4m Bonds, to pay such expenses may be incurred 10y
the treasurer in the preparation OF the said bonds.
TAX FOR PAYMENT OF PRINCIPAL AND INTEREST
sec O. iqr pigment OF the principal ana therest Of the
Asylum Bonds authorized by this Act there shall be
levied the first Monday in March. A. d. eighteen hun
dred and siNyour, and each year thereafter, until the
interest and principal be fully paid annual tax of three
ourths of per cent each hundred dollars OF
value of all the taxable property in this State which tax
shall be assessed and collects. as other State taxes and bv
the Asylum Bond Redemption and Interest Fund.-" to be
and the faith Of The State of California hereby pledged
for the payment as herein provided, Of the principal and
SURPLUS IN ASYLUM FUND.
See Whenever ON the first day of January or the first
OF July of any year, there remons in the Asylum Bond
ana Redemption Interest Fund.- surplus of five thousand
dollars or more after the payment of interest as herein
provided shall be the duty Of the Treasurer of state to
advertise ten days IN one daily newspaper published IN the
city OF Sacramento and in one daily newspaper published
in the city OF san Francisco, for sealed proposals, to be
opened one month after the expiration of the time OF pub
caton in presence Of the Governor State Controller and
Treasurer, at the easurers office for the surrender OF
Asylum Bonds and the alvcrtis uen shall state the
amount Of moneys in the fund 10 be applied for the
demption Of the s3fd bonl and the lowest proposals for
surrender shall be accepted at such rates. exceeding
par value, will redeem the 3rg amount of bonds, IN
til the money in the fund Is eAhauatad
TiaAauREE TO HEp1gr MONTHLY.
Sec 8. The Treasurer OF state shall keep fall and par,
ticunr 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 sd bonds when the
same falls due, from The fund provided by this Act
A9ritE FOR s-,lE or H)Nus--rRJyIso.
Sec Q. Whan this Act shall have ben ratified by vote OF
shall adVcrts twenty days in daily newspaper pub
lshed in the city of Sacramento and in one daily newspa
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
men for opening said proposals they sha beepeneI at the
Controller ana Treasurer, ana Tie Bin for awarded to
the highest bidder; proVIe that no bid snail oa accepted
than ten per cent discount upon he amount rep
resented by the bonds bill for and any portion OF bonds
authorized 10 issue und'r this Act Whirh shall not be DIS
posed Of by bid above provided, shall DE sold by the
Treasurer Of So with h' appovo tha Governor ana
Controller provided, that no sale shah be made at more
than percent discount upon .,mount r.pressntedby
the bonds sold with the interest which may be due and
represented by coupons at the time Of sach sale ANA all
slIaS IN
the proceeds shall be set apart in the Treasury ana consti
tute the " Blind Asylum Building Fund"
ERECTION FURNISHING ASYLUM
Sec TO- The Truseosof the Deaf, Dumb and Blind Asy-
lnm upon approved plans and specifications, W4eh shall
tract upon suretes which shall be approved by the GOV
ernor, for the erection and furnishing of Che Asylum in
pendure than will be covered by the amount realized from
the sale of the Asylum bonds sslefund'r this Act
CLAIMS TO he CERTIFIED, ErC.--PAY'nNT or.
Sec. II. All claims for material labor and charges in
Cured in constructing and furnishing the Deaf, lumb ana
Blind Asylum, in accordance with the plans above men
toned shall be certified by the Board OF trustees amt up
approval by the Board OF state Examiners the Controller
of state shall draw his warrant for the amount OF ench
claim in favor of the person OF persons to whom i due
and the Treasurer of state shall pay the from the
Blind Asylum Building Fund.
ACT 10 BE suBaIuGp 10 A vole IT THE EmcuoN
sU1ENiER, 1868.
Sec l.. This Act shall be submitted to the people Of the
State for ratification at The general eecuou TO be hl on
the first Wednesday OF Sptem67r A. y. eighteen hundred
and sixty three and the qualified electors Of this 0t'te
wi at said election, ON their ballots Tor s1i' officers
shall have written printed on their ballots for state
officers the Words For Asylum Building Act.' aud
those voting against the same shall have written or printed
on the ballots, the words, Against Asylum Building Act
PROCLAMATION OF RESULT.
Sec 49, The votes and against this Act sh0ll he can
vassed returned and declared, in the same manner and
subject to the same rules as votes cast for Treasurer OF
state and il il appear that majority OF all the votes
and against this Act as aforesaid are in favor o the
same then it shall have immediate elect ond the Cover
snail make proclamation thereof accordingly and the
Treasurer OF state shall proceed above directed 10 pro-
vida ftr N4 HH q
tho-zed but should majority of votes be- given against
the Act then il shall be void and of no effect.
PUBLICATION SECRETARY OF STATE.
Sec L. The secretary of state shall cause hs Act to he
published in newspaper in each judicial districts IL one
be published therein throughout The state for three
months pres ediug the first wednesday OF september, d
eighteen hundred and sixty three al such rates OF alyer
sing as are maintained by the papers in which the same
may published provided they do not exceed II rates
fixed for state printing.
Sec H. section fourteen Of this Act shall take eject i'm
mcdatey. ~"
BAVARIA BREW ERX !!