The morning call., 1892-10-28
POLITICAL.

cisco Depot Fund" and must be used exclr-
sively for the building aud furnishing OF said
depot. Drafts and warrants upon said fund shall
be drawn upon and shall be paid out OF said fund
In the same manner as drafts and warrants are
drawn upon and paid out of The San Francisco
Harbor Improvement Fund.
SEC. .. For The payment OF The principal and
interest OF said bonds sinking fund, TO be
known and designated as The "San Francisco
Depot Sinking Fund.-" shall be and The same Is
hereby created, as follows: The State Treas
urer shall, on the first day OF each and every
month after The date OF said bonds, take from
Inc San Francisco Harbor Improvement Fund
the sum OF four Thousand six hundred and ihlr-
.y-one dollars and place The same In said San
Francisco Depot Sinking Fund.- created by this
section. Said Treasurer shall, on Controllers
warrants duly drawn for that purpose, employ
The moneys in said sinking fund IN the purchase
OF bonds OF the United States, which said bonds
Ihall be kept In proper receptacle, ap-
propriately labeled but lie must keep always on
hand suifieient amount of money In said sinking
innd with which 10 pay The interest on the state
bonds herein provided TO be issued. And TO pro-
vide means Tor the payment OF said sum OF five
thousand one hundred and thirty.one dol
lars, monthly, from said San francisco Har-
Dor Improvement Fund into said San Francisco
Depot Sinking Fund, and for the other payments
out OF said fund authorized by this Act, and as
provided Tor therein, the said Board OF static
HafDor commissioners are hereby authorized
and directed, by The collection OF dockage, wharf
age, Tolls, rents, and cranage, 10 collect sum of
money sufnclent therefor, over and above the
amount limited by section two thousand 1--WE
Inc state oil California. After the payment OF
all SAID bonds the surplus or balance remaining
IN said sinking fund, II any there be, shall forth
with be paid into the San Francisco Harbor I'm.
proyement Fund. AT the maturity OF said State
eonds the said treasurer shall sell the United
States bonds then In said sinking fund, al gov
sTnng market rates. and place The proceeds In
Iaid San francisco Depot Sinking Fund and
snall pay out the same in extinguisbment OF said
STATE DOnds on Controllers warrants duly drawn
for that purpose
SEC. 9. The State Treasurer shall ReepiulI
ana particular account and record Of all his pro-
ceeuibgs under this Act, and he shall transmit 10
Inc governor an abstract OF all his proceedings
hereunder, with his annual report, TO be by the
1oVeinor laid before The Legislature; and all
DOCKS ana papers pertaining 10 tie matter pro-
sceu Tor III THIS Act shall al all times be open 10
ihe inspection OF any party Interested, or the
Governor, or Attorney General. or committee
OF ellher branch OF the Legislature, or a joint
committee OF bott
SEC, q. IL shall be the duty Of the State Treas
ufer 10 pay the interest on said bonds when the
same faiis due, out OF The sinking fund provided
iOf 10 tDls Act, ON Controllers warrants duly
drawn for that purpose
. SEc. 8. This Act. II adopted by the people. as
hereinafter provided for shall take effect on the
Ihitty-Hrst day OF Desember a. ID. eighteen
hundred aud ninety-iwo, as 10 all Its provisions
except those relating TO and necessary for It's
submission 10 The people, aud for returning, eau
vassing. and procamiug the votes, and rs TO
sald executed provisions this Act snail take
elect Immediately.
SEC. 8. This ACT shall be submitted to the peo