Amador ledger., 1908-10-23
SENATE BILL NO. Z.

Passed the Senate November 20, a D 1907.
Lewis A. Hilborn, Secretary of the Senate
Passed the Assembly, November -, A. ID.
1901. Clio Lloyd, Chief Clerk OF the Assembly
| Thls Bill was received by the Governor. this
25rd day OF November. a. d 1907, at II o'clock
a. 10 Il. c. Cooper, Private Secretary of the
| Governor.
| CHAPTER T. An act to amend section five of
the act entitled d" An act to provide for the
issuance and sale OF state bonds to create u
lund for the acquisition by the board OF state
har0or commissioners OF u necessary area for
tldal basin for wharveS, piers harborS and
appurtenanceS in the city and county of San
francisco: to create n sinking fund for the
payment Of said bonds and defining the du-
Ties OF state officers in relation thereto: MAX
ing an appropriation of one thousand dollars
for the expense of printing said bonds; and
providing for the submission of this act to u
vote of the people" approved March 81, 1907
relating to the redemption of such bonds and
creating u sinking fund for such purpose, and
adding new section to said act to be mum
bered section l0H relating to the publication
OF said act, and providing for the paymentof
the cost of publication of the same.
Phe people Of the State of California repr G
scented in senate and assembly do enact as
follows:
SECTION For the purpose of providing a
FUND for the payment of the Indebtedness auth
orized to he incurred by the board of state har
Dor lmSSionerS for the acquisition of the
necessary area for u tidal basin extending the
area OF India basin on the water front of the
city and county of San Francisco as provided in
du act buIlIl6u An act TO AutnOflI6 ana direct
the board OF state harbor commissioners to in
stltute condemnation proceedings against GER
tain property north of India BASIN and extend
ing 10 IslaiS creek in the city and county OF san
Francisco, and extending their jurisdiction
OVER the same, and providing for the payment
OF judgments from the proceeds of bonds issued
aud sold under the provisions OF an act entitled
IAN act to provide for the issuance and sale of
state bonds 10 create Il FUND for the acquisition
by the board of state harbor commissioners Of u
necessary area for tidal basin for wharyes
piers, harbors. and appurtenanceS in the city
ana county OF san Francisco; 10 create sink
ing tund for the payment Of said bonds; ana de
lining the duties of state officers in relation
thereIoi making an appropriation OF $1,000 for
the expense OF printing said bonds; and pro
yiding Tor the submission of this act TO a vote
OF the people, the state treasurer shall imme
dlately after the issuance OF the proclamation
by the governor. provided for in section ~ here
OF, prepare one thousand suitable bonds of the
state OF California, in the denomination OF one
thousand dollars each. The whole issue OF said
bonds shall not exceed the sum of one million
dollars, and said bonds shall bear interest at
the rate OF four per centum per annum, from the
time OF the sale thereof, ana both principal and
interest snail be payable IN gold COIN OF the
present standard value aud they shall be pay
able Al the Ohicn OF the state treasurer at the
expiration of nineteen years from their date,
subject, however TO redemption 10y lot as in
TINS act hereinafter provided. said bonds shall
bear date the second day OF January, nineteen
hundred and nine, and shall he made
payable ON the second day OF January, nineteen
uuuuIpu anu twenty elSnl, a, ~ Ihb interest,"
accrulng on such of said bonds as are sold shall
be due ANA payable at the ONCE of the state
treasurer on the second day of January. and on
the second day OF July, of each year after the
sale OF lhe same: provided, that the first pay
ment 0l interest shall be made on the second
uay OF January, A. -. nineteen hundred and
ten, on so many of said bonds as have been
heretofore sold, Al the expiration of nineteen
years from the date OF said bonds, all bonds
sold shall cease TO bear interest, and likewise
az Donas redeemed by lot shall cease TO bear
interest as IN this act provided, and the said
state treasurer Shall call in, forthwith pay and
cancel the same. out of the moneys I'm the India
basin sinking fund provided for m this act,
and he snail ON the first Monday of January,
nineteen hundred and twenty eigh', also cancel
ana destroy all bonds not heretofore sold All
and counlerstgued by the controller and hall