Amador ledger., 1910-09-30

sinking fund at that time. and thercupon
aud before the tenth day of December fol-
lowing, give notice by public advertisement
TO be inserted twice ~ week for two weeks IN
two newspapers published in the county Of
san Francisco, and also In ono newspaper
published in the city of San Diego, and also
Los Angeles, stating the number Of bonds so
drawn, and the principal of said bonds will
be paid on presentation to the treasurer on
or before the second day of January, fol low
ing. and that from and after such last named
date all interest upon bonds thus drawn shall
cease, and it 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 nineiecn
hundred ana nfty, the said treasurer shall, in
the manner aforesaid, proceed to draw by lot
such an amount of bonds as shall be requisite
TO exhaust as nearlyas may be the amount
In said sinking fund, and proceed IN the man
ner hereinabove stated. After the payment |
of all said bonds, the surplus or balance re.
naming in said sinking fund, If any there |
be, shall forthwith be paid Into The San |
Diego harbor i'm provement fund. At the time |
OF the respective drawings by lot, as aiorc- |
said, and also at the maturity Of said state |
bonds, said treasurer shall sell the United |
States or other bonds then I'm said sinking |
fund, at governing market rates, after adver- |
Using 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 ut the maturity of
said bonds outstanding shall pay aud redeem
said matured outstanding bonds out Of said
moneys in said fund IN extingushment Of
said bonds on controllers warrants duly
drawn for that purpose.
SEC 9. The state controller and the s.aio
count and record of all their proceed .ngs un-
der this act, and they shall transmit TO tho
governor an abstract of all euch proceedings
Hereunder, with an annual repOrl, TO he lIv |
the governor laid before tho legislature bien-
nially; and all books and papers pertaining
TO the matter provided for in This act shall at
ets.npg hn Is.... -
party interested, or the governor, or the at
torney-general, or u committee of either
branch of the legislature. or n joint commit
tee Of both. or any citizen Of the state
SEC 7. 1t shall be the duty OF the state
treasurer to pay the interest of said bonds,
when the same fal dine, 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 take effect ON the thirty-first day of
pecenihep nineteen hundred and ten, as to
all its Provisions, except those relating to and
necessary for its submission TO the people,
and for returning, canvassing and proclaim
ing the votes. and as to said excepted pro-
visions this act shall take effect imme
diatey.
SBo,o This act shall be submitted TO the
people Of the state Of California, for their
be holden in the month of November, nine
teen hundred aud ten, and al ballots ut said
the end thereof, the words, For the san
Diego scawal act" and in q separate line
under the same words, Against the San |
go seawall act" and opposite said lines
there shall be LEFT spaces in which the voters
NAV make or stamp u cross TO Indicate
whether they vote for or against SAID act, and
those voting for said act shall do SO ty pac-
ing a cross opposite the words "for the San
Diego seawull act" and all these voting
against the said act shall do 80 by placing a
cross opposite the words against the San
Diego seawali act" The governor of this
state shall include the sGbfnission of this
act to the people, as a!oresoid in his procla-
m lisNtA fTNY. CfaiI al ttN,.
SEC. 10 The votes castsor or against this act
shall be counted ret15iDed and canvassed and
declared in the same manner and subject to the
same rules as votes cast for state officers and IL
1t appear that said act shall have received
majority Of all the votes cast for and against IL
at said election, as aforesaid then the same
shall have effect as herei before provided, and |
shall be irrepedlable until tho principal and in 6
terest Of the liabilities herein created shall be
paid and discharged, and Tho governor shall s
make procSamation thereof; but IL IA majority of
the votes cast aforesaid are against this act '
then the same shall be and become reid. ,
SEC IL. 1t shall be the duty OF tho secretary [
of state to bave this act published in least one
newspaper in each county, or city ami county. If
one be published therein, throughout this state !
for three months next preceding the general !
election to be holden in the month of Novemb T.
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 IL. 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 CT this act to the general {
fund of the State of California, any and all sums
Of money theretofofe transferred from said gen
eral fund to the San Diego seawall fund together
with interest on said moneys from the date OF
transfer at the rate of four per cent per annum c
SEC 13. This act may be known and cited is ,
The "San Diego seawall act of 1909"
W. r. PORTER
President of the Senate.
p. A. STANTON, S
Speaker Of the Assembly.
Approved April 16th A. d. 1909