The morning call., 1892-11-07
POLITICAL.

cisco Depot Fund" and musI be used excIu-
sNey LOT Tue building and furnishing Of said
Hepot. Dialls ana warrants upon said fund shall
oe uIaWn upoh ana shall be raid out OF said fund
IN the same hammer as drafts aud warrants are
a. avn upon and paid cut of the San Fraucisco
HARDER Improvement Fund.
SEC. b. For the payment OF the principal and
interest OF said bonds a s!uklng fund 10 be
khoWh ana designated as the "San Francisco
Depot Sinking Fund shalt be ana The same is
hereby created as follows: The Siaie Treas
afer shall. on the first day Of each and every
monin Mtrr The date OF said bonds, take from
me san francisco Harbor Improvement, Fund
the sum OF tour thousand six hundred and mir
Iy-one dollars. and place the same IN said San
FRANCISCO Depot Sinking Fund. created by this
seeti0h. Said Treasurer shall, on Controllers
warrants duly drawn for that purpose. employ
the moutys IN said sinking fund IN the purchase
nI "a uVhns oL the United States which said bonds
proprlately labeled; but he must keep always on
nahe asuneleht amount OF money In said sinking
iund with which TO pay the interest on the state
Donds herein provided 10 be issued. And 10 pro-
Vlue means Tor the payment OF said sum of rye
t tnousanu enc hundred ana thrty-one dol
,ais, monlhIy, from said San Francisco Har-
DOT improvement Fund into said San Francisco
Depot Sinking Fund, and for the other PAYMENTS
, out OF saia fund authorized by THIS Act, and as
piorluec Tor therein. tie said Board of Slate
HaTbor Commissioners are hereby authorized
aud directed, by The collection OF dockage whaff-
age tolls, rents. and cranage, 10 collect sum of
money sufficient therefor. over and aboyr iha
amount limited by section two thousand fys
nunuleu ana twenty-six OF The Political Code Of
All sall oohdS the surplus or balance remaining
10 ssa sinking fund, II any there be- shall forth
WIN DC paid Into The San Francisco HarbOr Im-
ptosemeht Fund. AT the maturity OF said State
ponds the sad treasurer shah sell the United
states PONDS then In said sinking fund, at gov
einihg market rates, and place the proceeds In
sara san francisco Depot Sinking Fund and
shali nay out the same In extineulshmenI of said
STATE ponds, on Controllers warrants duly drawn
Tor that purpose.
SEC. .. The State Treasurer shall keep fun
ana particular account and record OF all bis pro-
eeeolhgs under this Act, aud he shall transmit TO
tbe governor an abstract Of all his proceedings
ibefeunder, with his annual report. 10 be by the
Governor laid before the Legislature; and all
oooks and papers pertaining 10 the matter pro-
tluea LOT IN inns Act shall al all times be open 10
Tue inspection OF any party Interested, or the
Governor, or Attorney General. or a COMMITTEES
oil either branch OF the Legislature, or a joint
committee nf both
SEC. q. 1t shall be the duty OF The State Treas
utet 10 pay The interest said bonds when the
same falls due, out of the sinking fund provided
Tor ID this Act. on Controllers warrants duly
drawn Tor that purpose
SEC. 3. This Act. If adopted by the people, as
hereinafter provided for, shall take effect on the
ibitty-iirst day OF Drsember. 4. ID. eighteen
hundred ana ninety-two. as TO all It's provisions
except those relating To and necessary Tor It's
submission TO the peOple. ana for returning, can
Nassihg ard pf"claiming The Votes, aud as 10
SAID eAcehted provisions this Acl shall take
effect Immediately.
SEC. o. Ibis Act shall be submitted to the peo-