Amador ledger., 1910-10-28

on the bonds that may be sold and outstanding,
said treasurer shall monthly take from the San
Francisco harbor improvement fund, and pay
into said seawall sinking fund an amount
equal to the monthly interest then due on all
bonds then sold, delivered and outstanding
The board OF state harbor commissioners are
| hereby authorized and directed by the collec.
| tion Of dookage, tolls rents, wharfage and
| cranage TO collect sum Of money sufficient for
| the purposes of this act, over and above the
amount limited by section two thousand five
| hundred and twenty.six OF the Political Code OF
the state OF California Between the first and
| tenth day OF May, In the y ear nineteen hun
dreds and flftyone, and between the first and
| tenth day OF May OF each year thereafter
until the maturity Of said bonds, the said
| treasurer shall in the presence OF the governor
proceed to draw by lot such an amount of bonds
Us shall be requisite to exhaust as nearly as
may be the amount in said sinking fund at that
time. and shall thereupOn and before the tenth
day of June folio wing give notice by public ad
vertiSement to be inserted twice week for two
weeks Ia two newspapers published in the city
and county of San Francisco, and also In one
newspaper published in the city of Oakland,
and also In one newspaper published in the city
| of Los Angeles, and also one newspaper pub
lished in the city Of sacramento, stating the
| number OF bonds so drawn and that the princi
pal of said bonds will be paid on presentation
| to the treasurer on or before the second day OF
| July following, and from and after such last
ma ned date I'll interest upon bonds thus drawn
shall cease. ami IL shall be the duty OF the trea
surer as soon as said bonds so drawn by lot are
surrendered TO him and paid to cancel the same
and the interest coupons thereon, and each year
| beginning with !he year nineteen hundred and
fifty-One, the said treasurer shall, In the man
ner aforesaid proceed TO draw by lot such an
amount of bonds as shall be requisite to eX.
haust as nearly as may be the amount In sald
sinking fund, and proceed in the manner herein.
above stated. After the payment OF all salu
bonds, the surplus or balance remaining In sald
sinking fund.- If any there be, shall forthwith
be paid into the san Francisco harbor improve
ment fund. AT the time ofthe respective draw
ings by lot. as aforesaid, and also at the ma
turity of said state bonds, said treasurer snail
| sell the United States or other bonds then IN
said sinking fund ut governing market rates,
aft &C advertising the sale thereof in the manner
hereinbefore provided for the sale of bonds here
by authorized to be issued. and shall use the
proceeds for the payment of such bonds as may
be drawn by lot, and ut the maturity or Shld
bonds outstanding shall pay and redeem said
matured outstanding bonds out of said moneys
in said fund in eXtnguishment OF said bonds on
controllers warrants duly drawn FOR that pur-
pose.
treasurer shall keep full and particular account
and record of ali their proceedings under this
act. and they shall transmit to the governor an
abs tract of all such proceedings hereunder,
with an annual reportto be blythe governor laid
before the Legislature Diennially ;and all books
and papers pertaining to the matter provided
for in this act shall at all times be open to the
inspection or any party Interested, or the gov
ernor, or the attorney general or committee
OF either branch OF the leg stature, or "a joint
committee of both or of any citizen OF the state.
SEC z, 1t shall be the DUTY Of the state trea-
Surer to paw the interest of SAID bonds. when
the same falls due, out of the sinking fund pro
vided for in this act, ON controllers warrants
duly drawn for that purpose.
8 This act. ii adopted by the people, shall
take effect on the thirty first day of December,
nineteen hundred and ten, as 10 all its prov1-
sions except those relating TO and necessary
fot IT'S submission to the people and for return
ing, canvaSsing and proclaiming the votes, and
as to said excepted provisions this act shall
take effect Immediately.
SEC 8. This act shall be submitted to the
people of the State Of California for their ratf-
tcatlon at the next general election TO be holden
in the month of November, nineteen hundred and
ten, and all ballots at said election shall have
printed thereon and ut the end thereof, the
words, For the San Francisco Harbor Improve
ment Act of 1907 and in the same square under
SAID words the following, in BREWER type: This
act provides for the improvement of San Fran
cisco harbor and for the payment of all costs
thereof out of the San Francisco Harbor I'm
proVSment Fund.- In the square Immediately
below the square containing said words there
shall be printed said ballot the words
Against the San Francisco Harbor Improve.
ment Act of 19u9," and imme diately below SAID
words, Against the San Francisco Haroor I'm
proVement Act of 1909" in BREWER tyne, shall
be printed, ''This act provides Tor the improve
ment of San Francisco harbor and for the pay
ment of all costs thereof cut OF the san tran-
CISCO Harbor Improvement Fund Opposite
the words For the San Francisco Harbor I'm
provement Act of 1907" and Against the san
Francisco Harbor Improvement Act OF l9l9,
there shall be left spaces in which the voters
may make or stamp "a cross to Indicate whether
they vote for or against said act. and those vot-
ing for said act Suall do so by placing cross OPP
poSite the words For the San Francisco Har-
Dor Improvement Act of 1909. ''and AL those vot-
ing against the said act shall do so by placing
"a cross opposite the words Against Inc san
Francisco Harbor improvement Act OF 1909 y
The governor of this state shall include the
submission of this act to the people, as afore-
said, in his proclamation calling for said gem
eral election
Sec TO- The votes cast for or against this act
shall be counted, returned and canvassed and
declared in the same manner and subject totne
same rules as votes cast for state officers; and
il il shall appear that said act shall have re,
ceived majority OF all the VoteS cast Tor AID
against it at said election as aforesaid, then
the same shall have effect as hereinbefore pro
vided, and shall be irrepealable until the prin-
cipal and interest OF the liabilities herein Gre
ated shall be paid and discharged, and the gov.
ernor shall make proclamation thereof; but II
a majority Of the votes ca't as aforesaid are
against this act then the same snail be ana
become void
Sec II. 1t shall be the duty of the secretary OF
state TO have this act published in at least one
newspaper in each county or city and county, ii
one be published therein, throughout this state
for three months next preceding the general
election to be holden in the month of November
nineteen hundred and ten. the costs OF publlca-
tion shall be paid out of the San Francisco har-
Dor Improvement fund, on controllers warrants
duly drawn for that purpose.
Sec. IL This act may be known aud cited as
the san Francisco Harbor Improvement ACT
Sec l3 All acts and parts OF acts in conflict
with the provisions OF this act are hereby re-
pealed. -
President OF the Senate.
Z. a STANTON
Speaker OF the Assembly
Approved March 90 a. ID. 1909.
j N. GILLETT, Governor
Endorsed: Filed in the office OF the Secretary
of state the % day Of MGGch A. ID. 1919, ut 4
o'clock p. NJ. c. f. Curry, Secretary OF state
B. >. Hoes eh. Deputy.
ASSEMBLY BILL NO. 900