The San Francisco call., 1904-10-31
LEGAL nor1cEs-contiuusa.


seawalls and appurtenances thereto on the
water front of the city and county of San
Francisco. Drafts and warrants upon said
fund shall be drawn upon and shall be paid
out OF said fund in the manner az
out Of the San Francisco harbor improvement
fund.
and interest OF said bonds sinking fund to be
known and designated as the San Francisco
SeawalI Sinking Fund shall be and the same
urer SHALL on the first day Of each and every
month after the sale of said bonds. take from.
the san franeisGo ha5D6r or Improvement fund
then sold and outstanding have to rum will
equal the principal OF the bonds sold and out
standing at the time said treasurer shall so take
said sum from said San Francisco harbor i'm
provement fund. less the amount theretofore
uisee the sum in the San Francisca ro ne snai,
sinking fund created by this act. Said state
drawn for that purpose. employ the moneys In
said sinking fund in the purchase of bonds Of
the United States. or Of the State OF California.
of the several counties or municipalities OF
the State of California. which said bonds shall
be kept in proper receptacle. .appropri-
hand a suffcient amount of money in said
sinking fund with which to pay the inter
est on such of the state bonds herein pro-
vided to be issued as may have theretofors
been sold. And to provide means for the
payment Of interest on the bonds that may
monthly take from the San Francisco harbor
improvement fund. and pay into said seawau
interest then due on all bonds then sold. de-
livered and outstanding. The board of state
directed by the collection of dockage. tolls,
rents, wharfage and cranage. to collect a sum
of money sufficient for the purposes Of this
act, and above the amount limited by
section two thousand five hundred and twenty
six of the Political Code. OF the State Of
California. Between the first and the tenth
day of November, in the year nineteen hun
dred and fourteen. and between the first and
the tenth day of November OF each year there
after until the maturity of said bonds, the
said treasurer shall. in the presence OF the
governor. proceed to draw by lot such an
exhaust as nearly as may be the amount in
fhereupon and before the tenth day Of De-
cember following give notice by public ad-
two weeks in two newspapers published In
the city and county of San Francisco. and also
in one newspaper published in the city of Oak
the city of Los Angeles, and also In one
newspaper published in the city OF Sacra-
and that the principal of said bonds will be
paid presentation to the treasurer on or
before the second day of January, following
nd that from and after such last named
date all interest upon bonds thus drawn rhaII
cease. and 1t shall be the duty OF the treas
as soon as said bonds so drawn by lot
are surrendered to him and paid to cancel
the and the interest coupons thereon,
and each year beginning with the year 1914
the said treasurer shall. in the manner afore-
sai6, proceed to draw by lot such an amount
of bonds az shall be requisite to exhaust as
nearly as nay be the amount in said sinking
fund and proceed in the manner hereina hove
stated After the payment of all Of said bonds
the surplus or balance remaining in said sing,
ing fund. IL any there be, shall forthwith be
paid into the San francisco harbor improve
nent fund At the time OF the respective draw
ings by lot aforesaid, and also at the ma
sell the United States other bonds then IN
said sinking fund, at governing market rates
after advertising the sale thereof in the man
ner hereinbefore provided for the sale of bonds
hereby authorized to be issued. and shall use
the proceeds for the payment of such bonds as
said bonds outstanding shall pay and reSeem N
said matured outstanding bonds out of said
moneys in said fund in extinguishment OF said
bonds on controllers warrants duly drawn
for that purpose.
Sec. c. The state controller and the state
treasurer shall keep full and particular account
and record OF all their proceedings under this
act. and they shall transmit the governor
abstract of all such proceedings hereunder.
with an annual report, to be by the governor
laid before the legislature biennially: and all
books and papers pertaining to the matter
provided for in this act shall. at all times be
open to the inspection of any party interested.
or the governor or the attorney general, or
a committee of either branch of the iegislature.
or joint committee Of both. or any citizen
Sec I. 1t shall be the duty of the state
treasurer to pay the interest OF said bonds,
wnsn tne same Iaiis Que OUT OF the sinking fund
rants duly drawn for that purpose.
Sec s. This act, If adopted by the people.
cember, A. D. nineteen hundred and four as
TO all its provisions except those relating to and
and for returning. canvassing. and proclaim.
ing the votes. and to said excepted pro-
visions this act shall take effect Immediately.
Sec. 8. This act shall be submitted to the
people OF the State OF California for their
ratification at the next general election, to be
nineteen hundred and four; and all ballots
at said election shall have printed thereon,
and at the end thereof, the words For the
San Francisco seawall Act" and in sep
arate ara line under the same the words Against
the San Francisco Seawall Act" and opposite
said lines there shall be left spaces in which
the voters may make or stamp a cross 10
Indicate whether they vote for against the
said act, and those voting for said act shall
do so by placing a cross opposite the words
those voting against the said act shall do so
Dy placing a cross opposite the words Against
the San Francisco Seawan Act" The gov
ernor of this state shall include the submis-
his proclamation calling for said general cleo
tion.
Sec. 10. The votes cast for or against this
act shall be coIhted, returned and canvassed
and declared in the same manner and subject
to the same rules votes cast for state
officers; and If it appear that said act shall
have received a majority of all the votes cast
for and against 1t at such election, aforesaid,
then the same shall have effect herein
before provided and shall be irrepealable
tiles herein created shall be paid and dis
charged. and the governor shall make procla-
nation thereof; but If a majority of the votes
cast aforesaid are against this act, then
the same shall be and become void.
Sec. H. This act may be known and cited
as the San Francisco Seawall Act"
Sec. 12 All acts and parts Of acts In
conflict with the provisions of this act are
hereby repealed.