The San Francisco call., 1910-08-15
LEGAL AND oFr1c1.L-continued

above provided, and shall be irrepealable until
the principal and interest of the liabilities
herein created shall be paid and discharged. and
the governor shall make proclamation thereon
but if a majority of the votes cast. as afore,
said, are against this act. then the same snail
Sec II. 1t shall be the duty of the secfe-
tary OF state TO have this act published IN at
least one newspaper in each county, or city
and county. If be published therein.
preceding the general election to be holden
In the month OF November. A.. D. nineteen
be paid out of the general fund. on controller ;
warrants. duly drawn for that purpose
Sec. II This act shah be known and cited
as the India Basin Act
Sec. IS All acts and parts Of acts in con-
fiet with the provisions of this act are hereby
". R. PORTER.
President of the Senate,
p. A. STANTON,
Speaker Of the Assembly
Approved March 24t9 a !; j D ,I;99E 1900 -.rnor
of State the % day of March. A. D. 1909, at
$50 o'clock a. m. c.. F. Curry, Secretary of
State BY j. Hoeseh. Deputy
SENATE BILL NO. 464.
Passed the Senate, March II, A d. 1909.
Passed the Assembly. March 20, A. D. 1909
Clio Lord. Chief Clerk Of the Assembly.
This bill was received by the Governor this
2Sd day of March A. D. 1909. at . o'elock
p. M Z. c. Cooper. Private Secretary OF the
Governor.
y
aud sale of state bonds 10 create fund Tor
the construction by the board Of state haroor
harbor Improvements consist or sMeaWA1- M
wharvcs. piers. state railroad, spurs, ostSeI- o
nents and appurtenanees in the county OF @ san
Diego; - eteate sinking fund Tor tus P"Ss
ment Of said bonds: 20 denue the duIes ut
state officers in relation thereto; 70 hiAAe ~
approximation Of one Thousand ti nyS nunSaf SafJ
dollars for the expense OF printing sdl.
bonds, aud to provide for the SUBMISSION u
this act 20 a vote Of the people:
he 10 nf he al pf q.
in senate and assembly. do enact as teiio"s.
Section /. For the purpose Of proViclnS iulu @
for the payment OF the Indebtedness hereby au-
thorlzed 10 he incurred by the board OF state hsI
Dor commissioners for the bay of San Diego ior
haFbor improvements consist of for the erecuon
Of seawan wlarves. piers. STATE lG. az IN, a.
spurs bettcrncats and apprrtenanees IA @ tne
county of San Diego. at q cost not TO exceed on
million dve hundred Thousand dollars, Wnien @ SrIu
seawall. wharves. piers, state ralrOdd, Spulsi, pi
betterments and appurteuances tne salu uVaar a.,
of state hsrhor COMMISSIONERS ior San ~ ,sr
ave hereby empowered 10 construct IN the hdn, ,
Her authorized by law. at cost not 20 eAee5e 80
million five hundred thousand uollarS. ~
state treasurer shall. Immediately after the
issuance Of the proclamation OF the governor Pr
viled for in section ten of this act, prepare III
tppn hundred suitable bonds of the State OF
California in the denomination OIL one tuous<'nu nes
dollars each. to be numbered from one 20 I ni.ee
hundred inclusive and 70 bear date or the secvhu
lay of July nineteen hundred eleven me 10
tai issue of said bonds shaI not exceed @ tne si.I
OF one uilljon i've hundred thousand doiltTs, aaI @
they shall bear interest at tue rate OF IouL - -
cent per annum from the date or ISSUANCE uytT uyr
Of The said Go1ts aud the interest tHe ,sot $50
1e payable In gold coin OF the Cnlteu otots -,
the present standard of value, at the oihce 0l
stale treasurer of said state. on the seeoh4 uaS
of July, nineteen hundred eighty -hve, SGoJe.t
however. TO redemption by lot as IN tIls ael
hereinafter provided. The interest acerulnS on
all OF said bonds that shall be sold shall De pay
able at the Office of the treasurer of the state
on the second day of January ana the secouu
iay of July Of each year after the sale OF INC
same AT the expiration OF seventy-four years
from the date of said bonds ell bonds shaii ceast
to hear interest and likewise all bonds redeemed
l.. - baPn nfnaf fpr DrpViGQ6 shall
interest according 10 the provisions OF tnis aSl
and the state treasurer shall call IN anu loIIu ,
with nav and cancel the same out OF lns
moneys in the San Diego seawaI SINKING luLu It
provided for in this act and he shall on the ua.e
Of the maturity of said bonds 4ahceI anu
all bonds not heretofore soid All oolu.
mining unsold shalt at the date OF the naturtsS
thereof be by the treasurer of the state eaeetsu %
and destroyed. All bOnts Issued pursuant " III III
provisions of this act shall be signed oN tne
governor of this state countersigned by tEe state
controller and indOrsed by the state treasurer
and tho said bonds shall be so signed. counter
signed and indorsed by the ortcers VINO are Lu
of6ce on tbe second day of July. nineteen hun
Jrad eIeran and each of said bonds shah have
the great seal of the State of Calit0rhla I'M
pressed thereon. and said bonds signed counter, +
signed indorsed and sold herein provided snalA
he and constitute Z valid and binding ohl1Gati9h
upon the State of California though tne @ ssIe
thereof be made at date or dates aIIer Tue per
son so signing countersigning and indorslDg. or
either thereof. shall have ceased 10 De an III
cumbent OF said office or offices
Gee Amended 10 each of said bonds there
shall he interest coupons attached that the
same may be detached without injury OF mutna-
tion of said bonds. and said coupons shaIl oe
consecutively numbered and shall bear the htho-
graphic signature of the state treasurer Who
Shall he in office on the second day OF July,
nInateen hundred eleven No interest shall be
paid on any of said bonds for such time as may
intervene between the date Of said BOND anu
interest shall have been by the purchaser OF
said bond. paid 10 the state at the time OF
See z The sum of one thousand 6ve bun
dred dollars is hereby appropriated out or any
moneys in the state treasury not OtherwlSe APP
curred by the state treasurer in having said
bonds prepared The state controller Is hereby
authorized and directed to draw his warrant
far tbe expense incurred in preparing the said
bonds and the state treasurer Is hereby dlreeteu
sec when the bonds authorized to be IS
sued by this act shall have been signed, coun-
tersgned and endorsed. as in section pro
cash TO the highest bidder in such parcels ana
numbers as the governor Of the state shall
direct provided a resolution requesting sucn
sale shall have been adopted by the board OF
state barbor commissioners for San Diego bay.
and said board shall not pass sueh resolution
until in their Judgment the actual harbOr re-
ceipts and those reasonably anticipated, will
Justify such sale of bonds and the consequent
increased burden harbor receipts said rssolu-
tion shall specify the number of bonds neees-
sary 10 produce the amount of money which. IN
the Judgment of said board Of harbor commission
ers shall be required at such time and the
governor of the state shall direct the state
treasurer 70 sell such number OF said bonds 70
raise said amount of mOueE. aud IDat SdId
bonds shall be sold in consecutive, numerical
order The state treasurer shall not accept any
bid which is less than the par value OF the
bond plus the interest which has accrued thereon
between the date of sale and the last preceding
interest maturity date. The state treasurer may.
AT the time and place fixed by him for such
sale continue such sale TO the whole or any
part of said bonds TO such time and place as
he may at the time of such continuance desig-
nate Before Offering any of said bonds for sale
t%e - STATE treasurer shall detaeh therefrom all
cornons which have matured will mature
before the date fixed for said sale. The state
treasurer shall give notice of the time and place
of sale BIZ publication in two newspapers pub
lisbed in the city aud county OF San Francisco.
one newspaper published in the city OF Los
Angeles one newspaper published IN the city or
San Diego and newspaper published in the
CITY of Sacramento. once A week FOR four weeks
next preceding the date fixed for such sale. In
addition TO the notice last above provided for,
tbe state treasurer may give such further notice
as he NAV deem advisable. but the expenses and
cost of such additional notice shall not exceed
tbe sun. Of FIVE hundred dollars for each sale so
advertised The cost OF such publication shall
he Maid out Of the San Diego harbor improve
ment fund on controllers warrants duly drawn
for that purpose. and the treasurer must pay the
same The proceeds of the sale OF such bonds
shall be forthwith paid over by said treasurer
into the treasury, and must be by him kept in
tbe .sSan Diego Seawall Fund" and must be
nsed exclusively for the construction OF a
wall Nharyes piers. state railroad, spurs. bet
terments and appurtenances thereto> on the water
front of the bay of San Diego Drafts and
-ror-an+s ,nnn the said fund shall be drawn