The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1904-09-26
1EeA1 ror1cEs-continued.

Iixered ana outetanding The board OF state
harbor commissioners are hereby authorized ana
directed by the collection Of dockage, Tolls
rents wharfage and cranage TO collect sum
uf money sufficient for the purposes OF TINS
act over and above the amount limited by
section two thousand five hundred and twenty
elk Of the Political Code OF the state OK
California. Between the hrst ana the tentn
day Of November, in the year nineteen nun
dred and fourteen, ana between the first and
The tenth day OF November OF each year there
after until the maturity or said bonds, the
said treasurer shall, in the presence Of the
Governor. proceed to draw by lot such an
sT,ount OF bonds shall be requisite to
e,l,aust as nearly as may be the amount in
s sslr and before the tenth day OF De
cenober following give notice by public ad-
yertisement TO be inserted twice a week for
two weeks IN two newspapers published in
in one newspaper published in the city OF Oak
land. and also in one newspaper published in
ne wspaper published in the city OF Sacra-
r,euto stating the number Of bonds drawn
and that the principal or said bonds viii be
paid on presentation TO the treasurer on or
before the second day Of January, following
and that from and after such last named
date al interest upon bonds thus drawn shall
cease and it shall be the duty Of the treas
urer as soon said bonds so drawn by lot
are surrendered 10 him and paid TO cancel
The same and the interest coupons thereon
and each year beginning with the year 1914
the said treasurer shall, in the manner afore-
Of bonds az shall be requisite to exhaust as
nearly as may be the amount in said sinking
fund and proceed IN the manner lerelna bOve
stated After the payment OF all OF said bonds
Inc surplus or balance remaining In said sink
ing sund. il any there be, shall forthwith be
PAID INTO the San francisco harbor improve
fnent fund. At the time OF the respective draw
tns-s by lot as Aforesaid, and also at the ma
ttlrffy OF said state bonds. said treasurer shall
sell the United States or other bonds then in
said sinking fund, az governing market rates.
80 ad1erfisinr the sale thereof In the man
ner hercinbe fore provided FOR the sale OF bonds
hereby authorized TO be Issued, and shall use
the proceeds tor the payment OF such bonds as
NAV be drawn by lot, anu at the maturity OF
said bonds utstanding shall pay and redeem
said rnatured outstanding bonds out OF said
moneys in said fund in eXtinguishment of said
bonds on controllers warrants duly drawn
for that purpose
See 6. 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 to the governor
an 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 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 legislature
OF joint committee of both, or any citizen
Of the state.
Sec 7. It shall be the duty of the state
treasurer to pay the interest OF said bonds.
Vhzn the same falls due. out Of the sinking fund
provided FOR in this act, on controllers war
rants duly drawn FOR that purpose
Sec. S. This act. II adopted by the people,
shall take effect the thirty-nrst day OF De-
cember A ID. nineteen hundred and four, as
necessary for its submission to the people,
and for returning. canysssing, and proclaim
ing the votes. and as TO said excepted pro-
visions this act shall take effect Immediately.
Sec. .. This act shall be submitted to the
people OF the State OF California for their
ratification at the next general election, to be
holden in the month OF November, A. d.
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 Seawau Act" and in sep
arate 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 to
indicate whether they vote for or against the
said act, and those voting for said act shall
For the San Francisco Seswall Act, and all
those voting against the said act shall Go so
by placing a cross opposite the words Against
the San Francisco Seawau Act" The gov
ernor OF this state shall include the submits
sion Of this act TO the people as aforesaid, in
his proclamation calling for said general cleo
ton.
Sec. 10 The votes cast for or against this
act shall be counted. returned and canvassed
and declared in the same manner and subject
TO the same rules as votes cast for state
officers; and II II appear that said act shall
have received ma Jority OF all the votes cast
for and against IL at such election. aforesaid
then the same shall have effect as herein
before provided. and shall be irrepealable
until the principal and interest of the liabil-
charged, and the governor shall make procla-
nation thereof; but IL majority Of the votes
cast aforesaid against this act. then
the same shall be and become void.
Sec. IL. This act may be known and cited
as the San Francisco Seawan Act
Sec. II. All acts and parts Of acts in
conflict with the provisions Of this act are
hereby repealed.