The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1904-08-01


COUNTY OF SAN FRANCISCO 10 GRE
ATE A SINKING FUND. FOR THE. PA1-.
TOTS TIE :: sT5BR1SsIoN1 or THIS ACT
TO a VOTE OF THE PEOPLE: =. f.--
Approved. March 20 1851 r.. - =:
The people OF tbs. State OF Califerpia,. repre-
p scented. IN senate and assembly. DO T.
-+.--. 49, enact as follows: -, 81.
J. = Section ]: For the purpose Of providing q
fund Tor the payment o. ths e,y f
STATE haTbor comm oners Tor the erection OF
. eeeNsl ana Appearances ln me 81 c I'd
" county q San Francisco. at a cost nor =
rWo million dollars (which said seaNai3. 1ae
sppnrtensnoes the, beare OF state ne rpoI com.
nissioners are hereby empowered y w
In the. manner arshorized by law, .sse AZ -
cost not 10 exceed SAID 1--WE nlii hon eolsFsl me
state treasurer :sfa u lIlIneels' 49, 49, ,e
Issuance Of the ptoca nlatien q the goHernof,-
PROVIDED Tor section ten hereof ~ ss.c
thousand suitable bones Or me 7tate q ;;.,s
In the denonTinRttOr OF. one thousallll
dollars each. The WHOLE issue Oh, sale Polisss
shall not exceed the sum q two n9I4llon aoliai
end SAID bonds shall. bear. rest at the rate
OF -four per cerJ2In per aTltuIl. from ,;l!s
tine- OF he Eals- hereof a Ia bQtn. ISAcipat
81 Interest shall be- payable III gold coin
OF the present standard Of value. -aE1a theE
ehali be payable at rhe cface- Of the. state
treasurer at The expiration: Of nineteen years.
d. from. -the1T d8te. .sdbJect.- however lo re-
rroxlded. said bonds shall bear date. the
second -day--of Jsnuargf A.. %. nineteen 3lun0red
and ave. ana shall be MADE PAYABLE on the
soo-f. s5v 81 Jsrta ~ II ilieteeH hundred and
rV-euryyfour A.: ID. The interest accfslinE. on
Fiih of- said bends as are sold. shall be"du
end payahse at the office OF The SAID state
treasurer en- the. second .days Of J anuarys ana
on the second day. q July OF esen- Year. after
fayi1eat- Of interest," shall be made on the;
second. day or. ysT5lsir}s A D nineteen henz
NAY. have been thereto1ere sold: At the: eN-
pfratiol a. ninetesh .Iears from the date %
issid bonds al. bonds sold shall cease 10 bear
enterest and; iketse. ell pozes FeqeeIilee. y
LOT shslI cease. 10. bear Interest as: IN TINS
cal IN forthWith pay aI.e So Sc 4lS =
cut Of the moneys in the. san francisco sea Vsll
be sfaH. or the iirst .Aioqoag OF JanueIXi nine,
teen huhdred and twenty four, also: cancel .ano
6esroy All bonds not theretofofe: sold, Al
End- coultersign by the controlled. ana shall
De eLdorsed by: the state treasured ana esen
fhereon Zach BOND shall contain. a clause
that il IL subject TO resumption ny lot at1er
u, Sc , = Interest coupons shall be attached
fo each OF said bondsa-so that SUCH coupons
3 may he removed without injury 70. or .nautila-
Eeoutlaely murdered. ana shall be signed by
-She.sfsts treasurer. But no interest on any
may. int e-vene. between the date OF any d
said bonds ana. the issue and sale thereof 70
=. Sc. 3. The sum Of one thousand dollars Is
hereby arpropristed 10 pay the expense mar
-Sstinf said bonds prepared Said amount. shsIl
b paid out of the. san I3ranc3sco harpoT ms
drawn Tor that purpose: =
Sea Wien the. bonds authorized TO: be
q. -
-rev shall. be by the state treasurer solo az
public -auction 10 the highest bidder FOR cash,
an:slcA p4Ioeis ana num- pes g SAG ~ $50
Ehall--be. directed by the gQNernor.eL ne state
under the seal thereof after a resolution re-
.1he hoard OF state harbor commissioners bu (
SAID treasurer must reject any and al BIDS
shan be. below the par value q. said bonds.
.Fo-tcIered';' and. he may by public announce
lnent al the. place. and time 'rxed for the
sale coI-tlaue. such salei as 10 the ,Mhoie y
1hebOuds offered; or any part thereof offered.
70 .-roch time and. place as he may select
Due -notice. q. the, time arid place % sale
al: bonds must be given by said treas
ufer by. pub9ieaeion in .tv'o Newspapers pub:
1ished. in5 Tie city: and. coun<y Of San. Fran
CISCO and .aie0.lv: Publication in. one news
paper published in the city of. OAK and, and
81 1iblicafioii.in one heTsra per published. in
IN. one DeBstaDer. published in the city. OF
sacrameutd once . :: week during Souf. weeks
sco Fs~for i-urcveirl6rs sctifd iil, 6sutToiief4s
warrants duly drawn Tor that -tifpose: The
proceeds OF the sale q. such :ropds shall: be
forthwith maid over by said trea surer' into the:
arate fund- 10 be- known and deslgnated as.
the san Francisc5 FseaT-sil Ellnd,. AND. must
sesv-sIis and auDlirtenarres .-thereto : on The
water tront 90 the city and county Of San
fund shan be drawn up0n and shall: be -psld
out OF said fund la the "a me: manner q 81
drafts snd warrants are eraWn upon and paid
out Of the SAN Fzsncisco >-hsrSo or Improvement
fund - - - ;: - -: :.
Sec 6---:Fcr the payment OF the -prtnclpst
eno interest o. said a. sin KING flIl,: 70 be
known and DESIGNATED q s. the san FRANCISCO.
sesTau s.HizinE- 'una slaL be aud: TIE; ssrse.
IS hereby create.-, ae follower The state treas
urer shall. ~on the. >rst-day OF each and every
month after the+sale--0f said bonds take from
the san Francisco barbor- Improvement fund
such sum as>multiplied bs: the time the bonds
then sold and outstanding have TO run. Will
equal the principal al: the bonds sold and out
fsiC sum from. said san Francisco haE106r. JIM
T5rogeents eund- less the. anioJrrt :theretofore
g an
place The sum in the san Francisco. seawalr
sinking FUND created . by this. act said state
treasurer shall. on cenSroliers warrants duly
drawn for that ~purDose. employ: the moneys in
said sinking fund in the purchase Of bonds: OF
The United States.:or of't5e state Of California
@ u ne seEeTal co.rtlsssr Innhlel OF
the state of CalifQrrias- Ehich SAID 5snds- shalf
stely labeled. bur h. must keep always. on
hand. a suf4cient me- Unit of money in said
sinking fund with. Which 70 pay: the. iltef=
est on such Of, the state bonds. herein pro-
E1ded 10 be- issued a. may have .theretoioEe
been sllc. And 10 prOytde. means toF. the
payment of interest or the bonds that. may
he sold and outstanding, said treasurer shall
monthly take from the san ETanciscO haFbof
improvement FUND and pay into said -seawall
sinking FUND, amount equal 70 the monthly
interest then due -ow all bonds then sold. de-
lNerec and ouistandiEg The. board OF state
hsrb0r commissioners are hereby authorized and
directed by the collection Of dOckage tolls,
rents wharfage and cransge. TO collect a sum
az money SUFFICIENT for the purposes Of this
set over and above the amount limited sDy
section Two thousand i've hundred and twenty
six Of ths- Political Code the State of
California Between the FIRST and. the tenth
day OF November. in the year nineteen hun
ored and fourteen. and between the first and
the tenth day OF November Of each year there
after until the maturity OK said bonds. the
said treasurer shall. IN the presence Of the
governor proceed 10 draw by lot such an
amount OF bonds as shall be requisite 10
exhaust nearly may be the amount in
said sinking fund at that time and shall
theTcupon and before the tenth day of De-
cember following give notice by public ad-
Nertisement 10 be inserted twice a week foI
Two weeks IN two newspapers published. IL
the city and county OF San Francisco. and also
IN one newspaper published in the city OF Oak
land. and also IN one newspaper published in
the city OF Los Angeles. and also in one
newspaper published IL the city OF Sacra.
Tnento stating the number of bonds 80 ORA VIZ
ana that the principal OF said bonds viii b,
paid presentation. TO the treasurer on o.
before the second day Of January, following
End that from and after such last named
date all interest upon bonds thus drawn shall
cease and ID shall be the duty OF the treas
urer as soon said bonds drawn by 10
are surrendered 10 him and paid 20 canoe
the same and the interest coupons thereon
and each year beginning with the year 19l
said treasurer shall. in the manner afore
proceed draw by lot such al amour