The Placer herald. [volume] (Auburn, Placer County, Calif.) 1855-1991, 1863-03-28
THE RAILROAD BILL.
AN ACT
AN ACT
To authorize the County of Placer to loan
its credit to ssrhe sacramento, Placer
and Nevada Railroad Company" to the
amount of 100000.

The People of the State of California rep
resented IN Senate and assembly, do enact as
foliotoS:
SEC |. Whenever the Sacramento, Placer and
Nevada Railroad Company by and through its
Board Of Directors and President shall make writ
ten application to the Board of Supervisors of the
county OF Placer at any regular or stated meet
ing OF said Supervisors requesting said county
of Placer, through its properly constituted au-
| thorities to issue to said Railroad Company the
bonds of said county in the total sum Of 100000,
it shall be lawful for said county to issue its bonds
and dispose of them in the manner following and
subject to the following conditions.
SEC. =. Upon the receipt OF said petition IRON
said Sacramento, Placer and Nevada Railroad
Company. the Board of Supervisors shall enter
tain the same. and in order to ascertain whether
the people of said county are willing that its
credit shall be loaned desired by said Company,
said Board OF Supervisors shall, within sixty days
after the receipt of said petition, order special
election to be held in said county at which shall
be submitted the proposition of said loan to said
Railroad Company, to be voted upon by the
qualified voters OF said county.
SEC 3. The said election shall be fixed by said
Board of Supervisors for some day not less than
thirty nor more than sixty days. from the time of
making said order. Said Board shall cause
notice of said election to be published for the
period of four weeks next before tn" day of said
election in two or more newspapers published in
said county which notice shall specify the time of
said election. the object of the same. the PROPOSE
ton to be voted upon. and the places where the
polls will be opened on said day for said cleo
ton. which shall be the same AS the precincts
! fixed for said purpose at the last preceding gene
raj election. They shall also appoint judges and
inspectors of said election and cause notice there
of to be given rs in other elections authorized by
| law. No compensation shall he allowed to any
Judge. clerk. inspector acting at said election.
SEC. i. Upon the day liked by said order. the
said election shall be held Each Of the electors
voting at said election. shall have written or
printed upon his ballot the words Railroad Loan.
! Yes" or the words "Railroad Loan, No." Said
election shall be conducted and the returns there
of shall be made out and transmitted to the
County Clerk within the time and in the manner
| prescribed by law at general elections. On the
fifteenth day after the day Of holding said election
the Board Of Supervisors shall meet and canvass
said returns, and declare the result
See. 5. If upon the canydssins Of said returns.
it shall he found that OF the votes cast at said
election having written or printed upon them the
words "Rairoad Loan, Yes, or the words Rail
road Loan No." majority have written or print
ed upon them "Ralroad Loan, No. then the duty
of the Board OF Supervisors in the premises
| shall cease and determine; but if a majority of
the votes so cast shall have written or printed
upon them the words "Railroad Loan. YesH then
the Board of Supervisor shall issue the bonds of
said county, in the manner hercinatterprescribed.
SEC. 6. When il shall be ascertained in the
manner prescribed in section five of this Act that
| the majority OF the votes cast at said election.
h III ':iS "l'len VI T.! 'n.e" oH tueHI tne words
baa ,rtton NJ nrintnd nnon tha, lV 'h No'
i no ~ - tL "Cu' INC "or"S
60 - o' , t w cue "u'y vi
''i" ~ ~ p t"C!cto re-
y , un1 i,' Guy VI directors
VI 9't t iIJ ~ r, TPng N"u issue
county to the amount of one hundred thousand
dollars. Said bonds may be in sums of two hun
uiu' ''iu ~ -, ~" ~ Uie 'nouI1uu uol-
G', "' 'iy 'ut" n'l'roae
.,p'"y W." "''' ~ i,.' .pon ,icil l"ce the
t"iT " aiI I "I ~ "n'Vn 'ney are
tI; n t! ;tt t"Iy to"IH Iiol
.lo'a ~ ano rue vi elSht
el Gcu' pc, "r''' Ii p"y on
cue III Wy ~ vu,y 'a. o"''uy ., cHch year.
" : 'i' i' i t; cAPres-
'i"S '"o 20 gu" b'L ~ Pa! 'ont VI interest as
ABOVE SPcclnC", DVIn oo."9 |au coupons snail
pc 'n''u" p'! '"' o'''' VI '"o treasurer II
0'i" ~" :, , - ,
oEc - ot't po"pS Sn''l 'ecn DC Si9ned ny the
l. tcHi"e"' VI 'n' no'i" VI 'HuPti tsolH ana thc
Treasurer OF the county, ana snail have the coun-
y Se'ai ' iti 90 v'o" "n NJ Gtery pohu' lne
coupons Si'ii NC SS"eo ~ '"c treasurer OF SAID
county Dun "o'uH anu coupons Sh''i oG m"ue
P'!,''io ~ WV o"Oi""''"'o' i'oei "Hu NCNldi.
italirotu No"P''y VI pcalei, "hu e'ch pond shall
pear upon us p'ch a certlnca'e signed by the
Ire'!GehI ., ''e Do ! OF Supervisors, ana the
! / 'eS.tcu'O 9"lu iril o"u No"p"nS 'Set'ln@ lorth
thI, 1t - uu'y an" iol i''iy issued Us cohlempla-
tea ny law. oaI" ponds snail be transferable by
! deiVfry Ih" whenever so executed ana Issued,
shaii oe Tue bonus ol the county OF Placer. and
sn'i pi'i" H'io County 10 'e payment OF inc prln-
! cipa! anu interest as thefeih expressed
-, "ho' o. " W ,nc ponus vi 'hc county OF
racer H""l nc issued ana ueliVered TO the Rail
road company as prescribed IN the last section,
Ihe 'nAcI ,t Iiaccr ana Nevada Railroad
company Sn'il at inc same Time deliver to the
lresueut ol '',e Doara oi supervisors of said
county 'ni llc pehcH' OF sara county. the bonds
Iile nmonmts mtnyi"p ~ FL. , sdn Huinper IN
/