Amador ledger. (Jackson, Amador County, Calif.) 1875-19??, 1910-09-16
SENATE BILL NO. az.

Passed the senate FEBRUARY III, A. u. lJUH.
Lewis Hiborn. Secretary of the Senate.
Passed the Assembly. March 10, A. d. 1909.
Clio Lloyd, Chief Clerk of the Assembly
This Bill was received by the Governor, this
18th day.of March, A. d. 1909, at O'Clock p m
e. @. Cooper. Private Secretary OF the Cover
nor.
CHAPTER 407. An Act to provide for the issu-
ance and sale of state bonds to create fund
for the acquisition by the board of state har
Dor commissioners of a necessary area for
tidal basin for wharves, docks, piers, harpors
and appurtenances in the city and county of
San Francisco to create asinking 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.
The people of the State of California, repre-
Senteu 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 commissioners 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, as provided In
AN 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
ing to Islais creek in the city and county of San
Francisco, and extending the jurisdiction OF
said board over the same, and providing for
the payment of judgments from the proceeds
of bonds issued and sold under the provisions
of an act entitled IAN act to provide for the
issuance and sale of state bonds to create
u fund for the acquisition by the board of
state harbor commissioners of a necessary
area for tidal basin for wharves, docks,
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-
filming the duties OF state officers in relation
thereto; making an appropriation OF 1000 for
the expense of printing said bonds; and pro
viding for the submission of this act to a vote
or the people" the state treasurer shall, imme-
diately after the issuance of the proclamation
by the governor, provided for in section III 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 al
the rate OF four per centum per annum, from the
time OF the sale thereof and both principal and
interest shall be payable in sgold coin OF The
present standard value and they shall be pay
able at the oficH of the state treasurer at the
expiration OF seventy-four years from thelrdate
subject. however, to redemption by lot as III
this act hereinafter provided Said bonds shall
bear date the second day of January A, d
| 1911, and shall be made payable on the second
day of January, a. d. 1888 The interest
accruing on such of said bonds as are sold shall
| be due aud payable at the office of the state
| treasurer on the second day OF January, and or
| the second day of July, of each year after the
sale OF the same: provided, that the first pay
Iuent of interest shall be made on the second
| day of January, A. D. 1912, on so many OF
| SAID bonds Jas have been heretofore sold
AT the expiration OF SeVentyfour years from
the date of said bonds all bonds sold shall
cease TO bear interest, and likewise al
bonds redeemed by lot shall cease TO beal
| interest as in this act provided and the sale
state treasurer shall call in, forthwith pay anc
cancel the same. out OF the moneys IN the India
basin sinking fund provided for IN this act
| and he shall on the first Monday of January
| A ID. 1855, also cancel aud destroy all bonds
not heretofore lsold. All bonds issued shall
| be signed by the governor, and countersigneC
by the controller, and shall be endorsed by
| the state treasurer, and each shall have the
seal of the state stamped thereon Each bono
shall contain clause that IL is subject t.
| redemption by lot after the year nineteen hun
| dred and Ihirty-nne.
| SEC. Interest coupons shall be ATTACHED
| to each of said bonds so that such coupons may
| be removed without injury to or mutllation OF
| the bond Said coupons shall be conSecutively
numbered, amp shall be signed by the STATE
| treasurer. But no interest on any of said bond'
| shall be paid for any time which may intervene
| between the date OF any of said bonds and thu
| issue and sale thereof TO II purchaser
| SEQ. g. Tho sum of one thousand dollars IL
| hereby appropriated to pay the expense tina
may be Incurred by the state treasurer IN nav
| ing said bonds prepared, Said amount shell b'
| paid out OF the "San Francisco haroor improve
| ment fund ~ on controllers warrants duly
| drawn for that purpose
| SEC A. When the bonds authorized TO b.
| issued under this act shall be duly executed
| they shall be sold by the state treasurer at pub
| lie auction TO the highest bidder for cash, II
| such parcels and numbers as SAID state treas
urer shall determine; but said treasurer mus
reject any and all bids for said bond. or for an,
| of them. which shall be below the par value o
| said bonds so offered for sale, and he may b.
| public announcement AZ the place and time fiXei
| for the SALE for good and sufctent cause, con
| tinue such sale as to the whole or the bona
offered or any part thereof offered, TO such tim
| and place as he may select, not exceeding, now
| ever sixty days. Due notice OF the Time an
| place OF sale of all bonds, aud OF the postpone
| ment OF sale thereof, must be given by SAT
treasurer by publication in two newspaper
published In the city and county OF san Fran
| cisco, and also by publication in one neWSpape
published In the city OF Oakland, and by put
| LEGATION none newspaper published IN the CIT
| OF Los Angeles, ana by publication IN one news
| paper published IA the city OF Sacramento, one