Weekly Trinity journal., 1863-06-13
AN ACT
To o. Provide ,Ia BONDS FOR COMPILE
lApproved April 81, 1861

| - N-s N"S Deai Dumb and Bind Asylum.
[Approyed April 81, 1861
The People Of the State of California rsnr,,eutsa IN ssot
ana assembly, do enact as follotcs:
seelon For the purpose of completing and furnishing
e STATE Asylum for the Deaf Dumb and Blind the Treas
ne state Of California bearing at the rate of seven
dav Of per ann9m payable semi annually the first
y VI January and the first day of july of each year at
the ONCE Of the Treasurer of State.
FORM BONDS
sec e. The said bonds shall be signed by the Governor
couhtersgned by the Controller and ndorsed by the
Treasurer of State and shall have the seal of the state a
Ned thereto and shall date from the first day of July
rghteen hundred and sixty four, and be made payable
at the Office of the Treasurer of within twenty years
after the date of their issue.
INTEREST.
sec The coupons for interest shall be attached each
pond so that each may be removed without injury
uelacement OF the bond or the remaining coupons The
SAID coupons shall be consecutvey numbered and signed
oy the Treasurer of State and shall represent the semi
animal interest on the bond to which they attached
RECORD OF BoNDs-AMoUNT BE ISSUED.
sec The Treasurer shall furnish the Controller of State
with the number amount of each bond prenored ror
ISSUE and each of the above named officers shall keen
careful and correct record of the number denomination
which bonds to be styled the "Asyum Bonds shall not
exceed seventy five thousand dollars (s75,OoO)
APPROPRIATION.
Sec B. The sum of hundred dollars is hereby an
from the fund arising from the sale of the As
inm Bonds" to pay such expenses may incurred BY
the treasurer in the preparation of the said bonds
- TAX FOR PAYMENT OF PRINCIPAL INTEREST.
Sec g. For payment of the principal and interest of the
levied, on the first Monday in March, A. D. eighteen hun
dred and sixtyour and each year thereafter until the
interest and principal be fully paid annual three
ogrths of one per cent each hundred dollars of
value of all the taxable property in this State which tax
shall be assessed and collected other State taxes and bv
me treasurer o state set apart IN fund.- to b. designated
the Asylum Bond Redemption and Interest Fund to be
Asylum Bonds and for the redemption the same
and the faith of the State of California is hereby pledged
for the payment herein provided of the principal and
interest of said Asylum Bonds''
SURPLUS IN ASYLUM FUND.
Sec l. Whenever on the first day of January the first
jny OF any year. there remains in the Asylum Bond
and Redemption Interest Fund, surplus of five thousand
dollars after the of interest as herein
provided it shall be the duty of the Treasurer
advertise ten days in daily newspaper published in the
city of Sacramento and in daily newspaper published
in the city Of Francisco for sealed proposals to be
opened month after the expiration of the time of pub
caton in presence of the Governor State Controller and
Asylum Bonds and the advertisement shall state the
amount Of moneys in the fund to be applied for the
dempon Of the sad bonds and the lowest proposals for
surrender shall be accepted at such rates. exceeding
par value as will redeem the largest bonds un
til the money in the fund is exhausted.
TREASURER TO REPORT MONTHLY.
Sec g. The Treasurer of State shall keep full and par
cuar account of interest paid and bonds redeemed and
his duty to pay the interest the said bonds
same falls due, from the fund provided by this Act.
NOTICE FOR SALE OF BoNDS-PRovISo.
Sec o. When this Act shall have been ratified by vote of
the people as hereinafter provided the Treasurer State
shall advertise twenty days in daily newspaper pub
hed ~ the city OF Scramento and in one daily newspa
per published IN the city of Sn Francisco for seal pro-
" Asylum Bonds and on the day named in the advertise
mht too opening said proposals they shall be opened at the
Office of the Treasurer of State in presence Governor
controller and Treasurer and the sums bid for awarded to
the highest bidder provided that bid shall accepted
at more than ten per cent discount upon the rep
resented by the bonds bid for and any portion of bonds
authorized to issue under this Act which shall not be dis
posed of by bid as above provided shall be sold by the
treasurer OF state with the approval of the Governor and
Controller provided, that sale shall be made
than ten cent discount the
the bonds sod with the interest which may and
represented by coupons at the time of such sale and all
sales shall be made for gold coin of the United States and
the proceeds shall be apart in the Treasury
tute the g Blind Asylum Building Fund.-
ERECTION AND FURNISHING ASYLUM,
Sec 10 The Trustees of the Deaf Dumb ana Blind Asy
um upon approved plans and specifications which Shall
be filed in the Office of the secretary of State, shall
tract upon suretes which shall be approved bv the Gov
ernor for the erection and furnishing Asylum in
complete manner provided, it shall not involve more
pendure than will by the amount realized from
the sale of the Asylum bonds issued under this Act
CLAIMS TO BE CERTIFIED ErC.-PAyMEYT OF.
Sec H. All claims for material labor and charges in
Cured in constructing and furnishing the Deaf and
Blind Asylum, in accordance with the plans above
toned shall bcertel by the Board of Trustees up
on approval by the Board of State Examiners the Controller
OF State shall draw his warrant for the of such
clam in favor of the person or persons to whom il is due
Blind Asylum Building Fund
ACT TO BE SUBMITTED ELECTION OF
SEPTEMBER 1903
Sec II This Act shall submitted to the people of the
State for ratification at the general election be held
and sixtythrce and the qualified electors of this State
will, at said election on their ballots for State officers
vote either Tor or against lls ACT those voting for the
shall have written printed their ballots for State
officers, the words " For Asy ylum Building Act and
those voting against the shall have writ printed
the ballots, the words Against Asylum Building Act"
PROCLAMATION RESULT
Sec 13 The votes for and against this Act shall be
vassed, returned and declared in the and
subject TO the same rules votes cast for Treasurer
State and if it appear that majority of all the
for and against this Act aforesaid
same then it shall have immediate effect and the Cover
shall make proclamation thereof accordingly and the
Treasurer of State shall proceed above directed pro
vide for the preparation and sale of the bonds herein
thorzed but shoul majority of votes be given against
the Act, then it shall be void and of no effect.
SECRETARY
Sec H. The secretary of State shall this Act to be
published in newspaper in each judicial district if one
be Published therein, throughout the State for three
months proceeding the first Wednesday of September D.
eighteen hundred aud sixty three such rates Of ADVERT
sing maintained by the papers in which the
may published provided they do exceed the rates
Ii xed for State printing.
Sec Is. Section fourteen of this Act shall take effect i'm
medatey. 20te