Los Angeles herald., 1892-11-07

adopt charters Observation-Disclosures.
Also, at said election the following Act of
the Legislature, submitted by the Legisla-
ture at it's last regular session, will be voted
upon by the electors of said State, namely:
FIRST
An Act to ascertain and express tie soN Of tie beo-
pie efthe STATE Of California upon the subject ef
election Of United States Senator'S.
WHEREAS, 1t is expedient that the wish les
of the people of this State upon the sub
ject of the election of United States Sena-
atorS should be Enthusiastically expressed;
therefore,
The People ethe State of California; represented IN
Senate and Assem6ly, do enact as joiloaps:
SECTION l.. Th at thirty days prior to the
shall issue his proclamation, calling upon
the electors to signify, at said election, their
will as to the method of the election OF
United States Senators by placing upon the
ballots the words For the election OF
United States Senators by the direct vote
of the people, or the words Against the
election of United States Senator'S by di-
rect vote of the people, and the Inspectors
every poll in the State shall ascertain and
make returns of the number of votes cast
For thu. election of United States Senators
by the direct vote of the people" and the
number of votes cast Against the election
of United States Senators by direct vote
of the people" in like manner as other
turned, and an abstract thereof shall be
transmitted by each County Clerk in the
manner that votes Tor State officers are now
required to be transmitted.
SECOND
An Act TO fro0ae fer the issuance and sale Of State
furnishing by the Board Of State Har6or Conn
misSionsrs Of general terry and passenger
afpot az tie CITY and C1nnty Of San Francisco;
bends, and provtding 70, tie sa5mission Of this
Act to a votc efthe peobie.
The People Of the State Of California, represented in
Senate and Assem6Ly, do enact as/ollosus:
SECTION s.5 ON ! J., For the purpose Of providin
hereby authorized to be incurred by the
Board of State Harbor Commits sioners, for
railroad, passenger, and ferry depot, at or
near the foot of Market street, in the city
and county of San Francisco, at cost not
which the said Board of State Harbor Com
missioners are hereby authorized to con-
struct in the manner and method author
six hundred thousand dollars, the State
Treasurer shall, Immediately after the is
suance of the proclaim alton of the Governor,
bonds of the State of California: one thou
sand bonds, in the denomination of one hun
dred dollars each five hundred bonds, in
the denomination of five hundred dollars
each; two hundred and fifty bonds in the
denomination of one thousand dollars each.
The whole issue OF said bonds shall not ex-
ceed the sum of six hundred thousand dol
lars, which said bonds shall bear interest at
the rate of four percentum per annum from
their date. and shall be payable at the ofice
of the State Treasurer at the expiratio OF
nineteen years from their date. Said bonds
shall bear date the first day of January, A.
d. eighteen hundred and ninety-three, and
shall be payable on the first day of January,
A. d. nineteen hundred and twelve. The in
terest accruing on said bonds shall be due
and payable at the office of the said Treasu-
rer on the first day of January and the first
day of July of each year.. f,oviaea that the
first payment of interest shall be made onth
rot RI NV nf 111 " A ain oar h1r, p-nd
ninety three, on Sc. many of said bonds as
have been heretofore issued. At the expi-
ration of nineteen years from the date of
said bonds, they shall cease to bear interest.
and said Treasurer shall forthwith pay the
same out of the San Francisco Depot Sink
ing Fund, provided for hereafter in this
Act. Said bonds shall be signed by the Gov
ernor, .countersigned by the Controller, in
dorsed by said Treasurer, and shall have
the seal Of the state affixed thereto.
SEC 2. Interest coupons shall be attached
to each bond, SO that they may be removed
without injury or mutilation to. the. bond.
Said S coupons ms t6 8 NUMBERED t sha
interest on any of said bonds shall be paid
for any time which may intervene between
the date of any of said bonds and the issue
thereof to purchaser.
SEQ 8. The sum of one thousand dollars
Is hereby appropriated to pay the expense
urer in having said bonds prepared Said
amount shall be paid out of the San Fran
cisco Harbor improvement Fund, on Con-
. oil duly IdWn lOI tuGI puI
pose.
SEC 4. When the bonds authorized to be
issued under this act shall be duly executed
numbered consecutively, and sealed, they
shall be by the State Treasurer sold at
public auction to the highest bidder for
cash, and in such parcels as said Treasurer
shall deem best; but ne must reject any and
all bids for said bonds, or any of them,
which shall be below the par value of said
bonds; and he may by public announcement
at the place of sale, continue such sale, as to
the whole or ANY part thereof, to any time
and place he may select. Due notice of the
place and time of sale of such bonds shall be
given by said Treasurer by publication in
two newspapers published in the city and
county of San Francisco, and also in two
newspapers published in the city of Oak
land two published in the city Of Los An
geles and two published in the city of Sac
ramento, once week for four weeks prior
to such sale. The cost of such publication
shall be paid out of the San Francisco Har-
bor Improvement Fund, on Controllers
warrants duly drawn for that purpose. The
proceeds of the sale of such bonds shall be
forthwith paid over by said Treasurer into
the treasury and must be by him kept in
separate fund, to be known and designated
as the San Francisco Depot Fund" and
must be used exclusively for the building
and furnishing of said depot. Drafts and
warrants upon said fund shall be drawn