Amador ledger., 1908-07-31
SENATE BILL NO. 7.

Passed the Senate November 30, A d 1897.
Lewis A. Hi born, Secretary Of the Senate.
Passed the Assembly, November %. a. ID,
1907. Clio Lloyd, Chief Clerk OF the Assembly
This Bill was received by the Governor, this
23rd day OF November A. ID 1907, at IL O'Clock
m f. C. Cooper Private Secretary of the
Governor
CHAPTER An act to amend section five of
the act entitled An act to provide for the
issuance and sale OF state bonds to create il
fund for the acquisition by the board of state
harbor commissioners OF u necessary area for
u tidal basin for WharveS, piers harborS and
appurtenances in the city and county OF San
Francisco to create sinking fund for the
payment of said bonds; and defining the du-
ties of state officers in relation the "eto; MAX
ing an appropriation of one thousand dollars
Tor the expense of printing said bondS; aud
providing for the submission of this act to II
vote OF the people, approved March 81, 1907,
relating to the redemption OF such bonds aud
creating sinking fund for such purpose, and
adding "a new section to said act'to be mum
bered section lO%, relating to the publication
of said act, and providing for the paymentot
the cost of publication OF the same.
Phe people of the State Of California, repre-
scented in senate and assembly do enact as
follows:
SECTION / For the purpose of providing
fund for the payment of the indebtedness auth
orized to be incurred by the board of state har-
Dor commits sioners for the acquisition of the
necessary area for tidal basin extending the
area of India basin on the water front of the
city and county of San Francisco us provided in
IN act entitled IAN act to authorize and direct
the board of state harbOr commissioners to in
Stitute condemnation proceedings against GER
tain property north of India basin, and extend
lug to Islais creek in the city and county of San
francisco, and extending their jurisdiction
OVJr the same, and providing for the payment
Of judgments from the proceeds Of bonds issued
and sold under the provisions OF an act entitled
An act to provide for the issuance and sale of
state bonds to create fund for the acquisition
by the board of state harb0r commissioners OF u
necessary area for tidal basin for WharVeS
piers, harbors and appurtenances in the city
and county of San Francisco to create sink
ing fund for the payment Of said bonds; and de-
timing the duties of state o1cers in relation
thereto; making an appropriation OF Sl'OOO Tor
the expense of printing said bonds ana pro
vdng for the submission OF this act TO vote
OF the people, the state treasurer shall, 1mme
dately after the issuance OF the proclamation
by the governor. provided for IN section III mere
Of prepare one thousand suitable bonds OF the
state OF California. in the denomination OF one
thousand dollars each. The whole issue or SAID
bonds shall not exceed the sum OF one million
dollars and said bonds shall bear interest al
the rate of four per centum per annum, from the
time OF the sale thereof, and both princlpal ana
interest shall be payable in gold coin OF the
present standard value and they shall be pay
able at the ONO OF the state treasurer az the
expiration of nineteen years from their date,
subject, however, TO redemption by lou as Ia
his act hereinafter provided. SAID oondS ShaH
bear date the second day OF January nineteen
hundred and nine, and shall ne maze
payable on the second day OF January, nineteen
hundred and twenty-eight, a. ID. The interest
aGcruing on such of said bonds as are sofa Shall
be due and payable at the office OF the state
treasurer on the second day OF January. ana on
the second day OF July, OF each year after the
sale OF the same: provided, that the hrst pay,
ment OF interest shall be made on the second
day of January, A. d. nineteen hundred ana
ten, on so many of said bonds as have been
heretofore sold. AT the expiration OF nineteen
years from the date OF said bonds. al bonds
,Old shall cease TO bear interest, and likewise
all bonds redeemed by lot shall cease TO bear
interest as in this act provided, and the sala
~ al "a 4 hall call In forThNitn and
iancol the same. out OF the moneys in the lndla
basin sinking fund provided for IN TINS act,
and he shall ON the first Monday Of January,
uine cen hundred and twenty.eght, also cancel
aui destroy all bonds not heretofore sold. All
bonds issued shall be signed by the governor,
aud cOuutersigued by the controller, ana snail