The San Francisco call., 1904-08-08

LReAL Nor1cns-cout,nu.a.


sell the United States or other bonds then in
SAID slnking fund. at governing market rates
after advertising the sale thereof in the man.
ner hereinbefore provided for the sale Of bonds
hereby authorized 70 be Issued and shall usa
the proceeds for the payment Of such bonds as
may be drawn BY lot. and at the maturity OF
said bonds outstanding shall paw and redserr
said matUred outstanding bonds out OF said
moneys in said fund in eXtinguishmsnt OF said
bonds on controllers warrants duly drawn
for that purpose.
Sec. s. The state controller and the stata
treasurer shall keep full and particular account
and record of all their proceedings under this
act. and they shall transmit 70 the governor
with 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, OF
a committee OF either branch Of the legislature.
or joint committee OF both. or any citizen
Sec 7. 1t shall be the duty Of the state
treasurer TO pay the interest OF said bonds.
when the same falls due. out Of the sinking fund
provided for IN this act. on controllers war
rants duly drawn for that purpose.
Sec 8 This act, n adopted by the people,
cember. A. D. nineteen hundred and four.
to all its provisions except those relating and
necessary for its submission TO the people.
ana Tor returning, canvasstng, and proclaim
ing the votes and as to said excepted pro-
visions this act shall take effect Immediately.
people Of hs Sta State she ~ sso@l es sS9fs ar TO ,he sa
Ta{5l1ncation at the next general election. TO b
November A.
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 Seawal Act" and IN a sep
arate line under the same the words Against
the san Francisco Seawau Act" and opposite
said lines there shall be left spaces in which
the voters may make or stamp a cross 70
indicate whether they vote for or against the
said act, and those voting for said act shall
DO so by placing a cross opposite the words
For the San Francisco Seawan Act" and all
those voting against the said act shall do 50
oy placing a cross opposite the words Against
the san Francisco SeawaU Act The gov
ernor OF this state shall include the submis-
sion OF this act to the people. aforesaid, in
MS proclamation calling for said general cleo
tion.
Sec. 10 The votes cast for or against this
act shall be counted. returned and canvassed
and declared in the same manner and subject
10 the same rules votes for state
ofncers; and If IL appear that said act shall
nave received majority OF all the votes cast
Tor and against Il at such election. as Aforesaid
then the same shall have effect as herein
before provided. and shall be irrepealabls
until the principal and interest OF the liabil-
tiles herein created shall be paid and dis
charged. and the governor shall make Drocla-
nation thereof; but II a majority OF the votes
cast as aforesaid are against this act, then
the same shall be and become void.
Sec. IL This act may be known and cited
as the san Francisco Seawall Act"
sec T. All acts and parts OF acts IN
conniet with the provisions OF this act
hereby repealed.