Amador ledger., 1910-10-21

sinking fluid at that time. and thereupon
and before the tenth day Of Decem ber fol.
lowing. give notice by public advertisement
10 bc inserted twice q week Tor two weeks in
two newspapers published In the county OF
San Francisco. and also IN one newspaper
published in the city Of San Diego, and also
Ia one newspaper published in the city OF
Los Angeles, stating the number OF bonds so
drawn and The principal OF said bonds will
he paid on presentation to the treasurer on
~r before the second day Of January, follow
ing and that from and after such last named
date all interest upon bonds thus drawn shall
cease. and II shall be the duty Of the treas
urer as soon as said bonds so drawn by lot
are surrendered to him and paid TO cancel the
same. ana the interest coupons thereon, and
each year, beginning with the year nineteen
hundred and nifty, the said treasurer shall, i'm
the manner aforesaid, proceed to draw by lot
such an amount of bonds as shall be requisite
10 exhaust rs nearlyas may be the amount
In said sinking fund, and proceed IN the man
ner hereinabove stated After the payment
Of ali said bonds, the surplus or balance re.
manning in said sinking fund, If any there
be, shall forthwith be paid into the san
Diego harbor improvement fund. AT the time
OF the respective drawings by lot, as aIore
said, and also at the maturity of said state
bonds, said treasurer shall sell the United
states or other bonds then In said sinking
fund, at governing market rates, after a1ver-
tising the sale thereof in the manner heroin-
before provided for the sale Of bonds hereby
authorized to be issued. 'and shall use the
proceeds for the payment Of such bonds as
may be drawn by lot, and at the maturity of
said bonds outstanding shall pay and redeem
moneys in said fund in eXtnguiSlmentO of
said bonds on controllers warrants duly
drawn for that purpose.
SEC. @. The state controller and the sue
treasuserlshall keep full and particular ac-
count and record of all their proceed .ngs un-
der this act, and they shall transmit TO the !
governor an abstract of all such proceedings
hereunder, with an annual report, to be by |
the governor laid before tho legislature ben- |
nially; and all books and papers pertaining |
10 the matter provided for in this act shal; st |
all times be open to the inspection OF any
party interested, or tne governor, or the at |
torney-general, or q committee OF either
branch OF the legis 'ature, or u joint commit |
tee of both. or any citizen OF the state,
SEC. Z. II shall be the duty of the. state
treasurer tn pay the interest of said bonds, |
when the same falls dne, out of the sinking
fund provided for in this act, on controllers
warrants duly drawn for that purpose.
SEC. 8, This act, If adopted by the people,
shall ftake effect on the thlrty-first day of
December, nineteen hund:ed and ten, as to
all its pl plovisions except those relating to and
necessary for its submission 10 the people.
and for returning, canvassng and proclaim
ing the votes. and as TO said excepted pro-
visions this act shall take effect imne-
dately.
SEQ. 8. This act shall be submitted TO the
people of the state of California for their
ratification ut the next general election to
be holden in the month of November, nine
teen hundred aud ten, and all ballots at said
election shall have printed thereon, and mt
Diego seawall act" and in n separate line
under the same words, Against the San
Diego seawall act" and opposite said lines
there shall be left spaces in which the voters
NAV make or stamp cross to indicate
whether they vote for or against said act, and
those voting for said act shall do so by plac-
ing cross opposite the words "For the San
Diego seawall act" and all those voting
against the said act shall do 30 by placing a
cross opposite the words Against the San
Diego seawal act" The governor of this
state shall include the submission of this
act TO the people, as aforesaid, in his procla-
nation calling for said general election.
SEC. III. The votes cast for or against this act
shall be counted returned and canvassed and
declared in the same manner and subject to the
same rules votes cast for state officers and if
it appear that said act shall have received
majority of all the votes cast for and against it
at said election, aforesaid. then the same
shall have effect herei before provided, and
shall be rrepe eilable until the principal and in
terest of the liabilities herein created shall be
paid and discharged, and The governor shall
make proclamation thereof; but If majority of
the votes cast as aforesaid are against this act
then the same shall be and become void.
SEC IL. 1t shall De the duty OF the secretary
of state to bave this act pubishedin at least one
newspaper in each county, or city and county. If
one be published therein, throughout this state,
Tor three months next proceeding the general
election to be holden in the month of Novemb II,
nineteen hundred and ten, the costs of publica-
ton shall be paid out of the San Diego harbor
improvement fund, on controllers warrants duly
drawn for that purpose.
SEC 10. The state controller and state treas
urer are hereby directed to transfer from any
moneys paid into the San Diego seawall fund
under the provisions of this act to the general
of money heretofore transferred from said gem
erRl fund TO the San Diego seawall fund. together
With interest said moneys from the date of
transfer at the rate Of four per cent per annum.
SEC 13 This act may be known and cited as
the "San Diego seawall act of 1902,
w. r. PORTER
President of the Senate
p. A. STANTON.
Speaker of the Assembly
Approved April 10th, A. d, 1909
j. N. GILLETT. Governor
Endorsed Filed in the Office of the Secretary
of State the 7th day of April, A. ID. 1899 at II 05
o'clock n m Curry Sacretarv Of Stale