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

section of the CONSUMPTION In the English Ian
guage," and tho number OF votes cast Against
an educational qualification requiring tyeTy
voter 10 be able TO write his name aud read any
section of the Constitution IN The English Ian
gnags." IN like manner as other votes
required 10 be counted and returned I;
and an abstract there Of shall be trFEfmiIted
by each County Clerk in the State 10 tie Seere-
taiy OF State, IN the same manner that the votes
for STATE officers are now required 10 be trans
miited.
FOURTH
An Act TO provide for the payment of funded
Indebtedness Of the State of California, aud
10 contract q funded debt for that purpose.
The People of the State OF California, repre-
sented In the Senate and Assembly. do enact
as follows:
providing for the paym, ut Of the funded lndsht-
edhess Of the State Of California hereinafter spe-
eihed, and 10 lessen the burden OF taxation. the
Governor OF The State, the Controller OF STATE
aud the Treasurer Of State, and their Successors
IN efice, shan constitute Board OF Commis,
sioners, 10 be styled The Loan Commissioners OF
the State of California, and shall have ana exer-
else the powers aud perform the duties heiein-
SEC. 2. Tne said Lean Commissioners are
hereby authorized to issue and sell not exceed
Ing Two million hye hundred ane tweni WEI y,eight
the bonds OF said STAT, bearing interest at the
rale OF four per cent per annunl, which Interest
shall be payable semi annually Ia gold con ON
the second days iu April and October Of each
year, at the office OF the Treasurer of State.
The principal OF sara DODus Shall be made paya-
bic IN gold coin, within twenty years after the
date OF tEelr Issue, and shall be OF such denomi-
nations as the said Loan Commissioners shall
direct, but not less than five hundred dollars:
shall bear the date OF their issue, and shah be-
signed BY the said Loan Commissioners and shall
have the seal Of the State affixed thereto: /:
and the tall OF The State OF California is hereby
pledged Tor the payment of said bonds and the
interest aeefuing thereon, as herein provided.
SEC. 3. COUPONS for the Interest shall be at
taehed 10 each bond, so that they NAV be re-
moved without injury or muiilalion TO the bond I;
said coupons, eonseeutlvely numbered shall be
signed by lie Treasurer OF State.
SEC. 4. Before the sale OF any of said bonds
lne said Loan commissioners shall cause notice
OF such sale 10 lie published for the space OF one
month In two daily newspapers published I'm
Engnsh. one In the city OF San Francisco, aud
one In the capital OF the State Such notice
snail specify the amount OF bonus 10 be sold, the
rate OF interest they shall bear, the day aud hour
or sale, the place OF sale. which shall be al the
State Capitol, and that sealed proposals win be
received by the said Loan Commissioners for
the purchase OF said bonds, within one month
from The expiration OF such publications; and on
the day aud hour named In said notice. the said
Loan Commissioners shall open all sealed no.
posals received by them, aud shall award the
purchase of said bonds TO such bidders as WILL
in their opinion, make the most advantageous
bid for The state; provided. that said Loan Com.
missioners may reject any or all bids. IL they
deem II TO the advantage OF The state; and pro-
rided further, that they may refuse TO make auy