Amador ledger., 1910-10-21

TO provide means for the payment OF interest
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 seowall sinking fund, an amount
equal to the monthly interest then due on all
bonds then sod delivered and outstanding
/ The board OF state harbor commissioners are
hereby authorized and directed by the collec
/ tion OF dockage tolls, rents, wharfage and
cranage to collect n sum Of money sufiicient for
/ the purposes OF this act over and above the
amount limited by section two thousand hve
/ hundred and twenty.six Of the Political Code OF
the State Of California. Between the iirst and
tenth day Of May, In the ear nineteen hun.
dreds and fiftyone, and between the first and
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 following give notice by public ad-
vertisement to be inserted twice week for two
| weeks in 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 ana that tne prlhio,, piic
| tn the treasurer on or before the second day OF
July following, and from and after such last
| ma ned date "A Il interest upon bonds thus drawn
shall cease 81 | iJ shall be the duty OF the trea
| surer as soon as said bonds so drawn by lot are
surrendered to him aud paid to cancel the same
|
| beginning with the year nineteen hundred and
| nfty-oue the said treasurer shall, In the man
ner aforesaid, proceed TO- draw by lot such an
| amount of bonds as shall be requisite 10 ex-
haust as nearly as may be the amount In said
sinking fund, and proceed in the manner herein,
| above stated. After the payment OF all sale
| bonds, the surplus or balance remaining In salu
| sinking fund, II 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
| SAT- sinking fund, at governing market rates,
| afte- advertising the sale thereof in the manner
herelnbefore provided for the sale of bonds here
| by authorized to bs 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 said
matured outstanding bonds out of said moneys
in said fund in extinguishment OF sald PONDS on
controllers warrants duly drawn for that pur-
pose.
SEC. g. The state controller and the state
| treasurer snail keep full and particular account
and record of ali their proceedings under TINS
| act, and they shall transmit to the governor on
| abstract of all such proceedings thereunder,
| with an annual repOrt,to be ythe governor la1d
| before the Legislature biennfally ;and all DOCKS
| and papers pertaining TO the matter provided
for in this act shall at all times be opVh TO the
| inspection OF 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, of any citizen OF the state.
| SEC z. 1t shall be the uuty Of the state trea-
surer to paw the interest OF said bonds. when
the same falls due, out of the sinking fund pro-
vded for in this act on controllers warrants
duly drawn for that purpose.
| s This act. IL adopted by the people, shall
take effect on the thtrty-hr day of December,
nineteen hundred and ten, as 10 all its proVl-
SionS except those relating TO and necessary
fot its submission to the people, and for return
ing, canvassing and proclaiming the votes, and
as to said excepted provisions this act snail
SEC This act shall be submitted to the
| people of the State of California for their rati.
| fcatlon at the next general election 10 be holden
| in the month of November nineteen hundred ana
| ten, and all ballots at sud election snail nave
| printed thereon and at the end thereof, the
words, ''For the San Francisco Harbor Improve
| ment Act of 1909" 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
| provement Fund" In the square Immediately
| below the square containing said words, there
shall be printed on said ballot the words
| Against the San Francisco Harbor Improve
ment Act of 1SO9 and Immediately below SAID
words, Against the San Francisco Haroor I'm
provement Act OF 1909" in BREWER type, shall
be printed, "This act provides Tor the improve
ment of San Francisco harbor. ana Tor the pay
ment of all costs thereof Gut of the San Fran
the words 'For the San Francisco Harbor I'm
provement Act of l909," and Against the san
Francisco Harbor improvement Act OF lW9
there shall be left spaces in which the voters
may make or stamp cross to indicate whether
they vote for or against said act and those Vot-
ing for said act snall do so by placing cross op-
posite the words For the San Francisco Har-
Dor Improvement Act OF 1903. land all those vot-
ing against the said act shall do so by placing
| a cross opposite the words " Against the San
Francisco Harbor improvement ACT or l9U9 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 gen.
eral election.
Sec 10, rhe votes cast for or against this acl
shall be counted, returned and canvassed and
declared in the same manner and Suo]ect .totne
for or fnf n
if it shall appear that said act shall have re-
ceived majority of all the votes cast Tor aho
against it at said election as aforesaid ther
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 Il
a majority of :the votes calt as aforesaid are
against this act then the same Snail DC ano
become void.
state to have this act published in at least ont
newspaper in each county or city and county, /
one be published therein, throughout this state
for three months next preceding the genera
election to be holden in the month of November
nineteen hundred and ten the costs OF puollca
tion shall be paiu out of the San Francisco har
bor impro vement fund, on controllers warrant!
duly drawn for that purpose.
Sec. IL This act may be known aud cited a.
the San Francisco Harbor Improvement Ac
Sec 10. All acts and parts of acts in conhic
with the provisions of this act are hereby re
pealed nv r,.,,u,,,,
President OF the Senate.
p. A. STANTON
Speaker OF the Assembly.
Approved March 20, A. D. 1909. o
n. GlLLETT, Governor.
Endorsed: Filled in the office Of the Seeretar!
of State the % day of March, A. ID. l9J9, at
o'clock p. NJ C. F. Curry, Secretary of State
b. s. Hoesch. Deputy.
oil M0 00n