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

section of the Constitution In tile English lam
guage," and the number OF votes cast Against
an educational qualification requiring every
voter to be able TO write his name and read any
section OF the Constitution In the English Ian
gnage." In Ike manner as other votes
and an abstract there Of shall be transmitted
by each County Clerk in the State TO the 'Secre-
taIy OF State. 10 The same manner that the votes
for State officers are now required 10 be trans
mitted.
FOURTH
An Act to provide for the payment Of funded
indebtedness of the State of California, and
10 contract funded debt for that purpose.
The People Of the State of California, repre-
sented in the Senate and Assembly, do enact
as follows:
SECTION /. For the purpose OF liquidating and
providing for the paym nj of the funded Indebt-
edness of the State of California hereinafter spe.
ehed, and 10 lessen The burden OF taxation, The
Governor OF the State, the Controller OF Stale,
and the Treasurer of state. and their successors
In ef1ice shall constitute Board OF COMMITS
slOners 10 be styled the Loan Commissioners OF
the State of California, and shall have ana exer-
else the powers and perform The duties heIeiu-
after provided. ,
hereby authorized 10 issue and sell not exceed
ing Two million five hundred and twenty eight
thousand five hundred dollars ls2,52S.5oo) OF
the bonds OF said Stat bearing Interest at tho
rate of four per cent per annum, when interest
shall be- payable SEMI annually, in gold coin, on
the second days In Aurl and October Of each
The principal or said bonds shall be made paya-
bic 10 gold coin. within twenty years after the
date OF tEeir Issue. and shall be OF such denomI-
nations as Tie said Loan CommlSs toner's shall
direct, but not less than five hundred dollars
shall bear the date OF their Issue. and shan be
signed BY the said Loan Commissioners and shall
have the seal Of the State affixed thereto;
and The talih OF The State of California Is hereby
pledged Tor the payment Of said bonds and the
interest aceruiDg thereon, as herein provided.
SEC. 3. Coupons for the interest shall be at
lached 10 each bond, so that they may be re-
moved Without injury or muilatiOn 10 the bond;
said coupons, e0nsecutyely numbered shall be
signed by Tie Treasurer OF State.
SEC. f. Before the sale OF any OF said bonds
The said Loan Commits slaners shall cause notice
Of such sale 10 lie published for The srace OF one
month Ia Two daily n wspapers published ID
English one In the city Of san Francisco, ana
one IN HE capital OF the state. such notice
shah specify the amount OF bonds TO be sold, the
rate OF interest they shall bear, tie day ana hour
OF sale, the place OK sale, which snail De ~ Tue
State Capitol and hat sealed proposals VIII be
received by Tie said Loan commissioners Tor
the purchase Of said bonds, within one month
from The expiration Of sucn publications; and on
the day aud hour named IN said notice, Tie SAID
Loan commissioners shall open all sealed piO-
Iosais received uy them, and shall award the
purchase Of said HoHds TO Snch bidders as VIII,
IA Ineir opinion, make The most advantageous
lid for tn STA r yToUidcd. that said Loan Com
inisS0Hefs may reject any or all bids, II they
deem II to the advantage OF the state; aud pro-
Vtded JtutheT, that they may refuse 10 make any