The San Francisco call., 1904-11-07
LEGAL NOTICES.
CHAPTER cCXI.

CHAPTER CCXI.
AN ACT TO PROVIDE FOR THE ISSUANCE
AND SALE OF STATE BONDS TO GRE
ATE FUND FOR THE CONSTRUCTION
BY THE BOARD OF STATE HARBOR
APPURTENANcEs IN THE CITY AND
COUNTY OF SAN FRANCISCO; TO GRE
MENT OF SAID BONDS; AND PROVIDING
FOR THE SUBMISSION OF THIS ACT
TO A VOTE OF THE PEOPLE.
IApproved March 20. 1903.l
The people Of the State Of California, repre-
sented in senate and assembly. DO
enact as follows:
Section l. For the purpose OF providing a
fund Tor the payment OF the Indebtedness here
by authorized 10 be incurred by the BOARD of
etate har0or commissioners for the erection Of
seawdll and appurtenances ia the city and
county OF San Francisco, at cost not to exceed
two million dollars (which said seawall and
appCrtenances the board OF state harbor COM
Inissloners are hereby empowered to construct
~ tne manner authorized by law, and II
cost Lot TO exceed said TWO million dollars). the
STATE treasurer shall. immediately after the
issuance OF the proclamation Of the governor,
provided Tor in section ten hereof. prepare two
thousand suitable bonds Of the State Of Cali
iornia. In the denomination OF one thousand
dollars each. The whole issue OF said bonds
shall not exceed the sum Of two million dollars,
and said bonds shall bear interest at the rate
time OF the sale thereof. and both principal
ana interest shall be payable gold coin
shall be payable at the office OF the state
treasurer. al the expiration OF nineteen years
ouDJeCl, uOWeFeIs 10 re-
demption by lot as in this act hereinafter
provided said bonds shall bear date the
second day OF January. A. d. nineteen hundred
and nve, and shall be made payable on the
second day OF January. nineteen hundred and
tWenty-1Our A. D. The interest accruuz on
such OF said bonds sold shall be due
and payable at the office of the said state
treasurer on the second day or January, and
on the second day OF July. OF each year after
the sale OF the same; provided. that the first
payment OF interest shall be made on tho
second day OF January, A ID. nineteen num-
cree ana SIX. on so many OF said bonds as
may have been heretofore sold. At the ex-
plrauon OF nineteen years rom the date Of
saic bonds, all bonds sold shall cease TO bear
interest and, likewise, all bonds redeemed by
lot shall cease bear interest as In this
@ct provided. and the said state treasurer shall
call IN. forthwith pay. and cancel the same
CUT OF the moneys in the san Francisco seaHaIl
sinking fund provided for in this act and
ne shall on the first Monday OF January nine
teen hundred and twenty-four also cancel and
destroy all bonds not Heretofore sold All
bonds issued shall be signed by the governor.
eno countersigned by the controller and shall
De endorsed by the state treasurer, and each
shaH have the seal OF the state stamped
thereon. Each bond shall contain a CLAUSE
that II is subject &c redemption by lot after
the year 1914.
Sec. :. Interest coupons shall be attached
10 each Of said bonds SO that such coupons
may De removed without injury TO or mutila-
tlcn OF the bond Said coupons shall be con-
tecuueey numbered, and shall be signed by
OF said bonds shall be paid Tor any time which
may intervene between the date of any II
said bonds and the issue and sale thereof 10
a purchaser.
Sec. 3. The sum OF one thousand dollars IS
hereby appropriated to Day the EXPENSE that