Amador ledger., 1910-07-29

sinking fund at that time, and thereupon |
and before the tenth day of Decem Der IOl- |
lowing, give notice by public advertisement |
to he inserted twice y week Tor two weeks IN |
san Francisco, and also In one newspaper |
published in the city Of San Diego, and also |
In one newspaper published in the city OF |
Los Angeles, stating the mum Der OF bonds so
drawn, and the principal Of said bonds Will |
be paid on presentation TO the treasurer on
or before the second dly Of January, follow |
ing and that from and after such last named |
dale all interest upon bonds thus drawn shall |
cease and IL shall be the duty OF the treas
urer MS soon as said bonds SO drawn by lot
are surrendered to him and paid to cancel the
same, and the interest coupons thereon, ana |
each year, beginning with the year nineteen |
hundred and nifty, 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 nearly as may be the amount
i'm said sinking fund, and proceed IN The man.
ner heTeipabove stated. Afer the payment
of NIL 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 Improvement fund. Atthe ume
of the re spectiye drawings by lot, as alore-
said, and also mt the maturity of said siate
bonds, said treasurer shall sell the Unncu
states or other bonds then in sald sinklns
fund, at governing market rates, after a,WeI-
tising the sale thereof in the manner ntreln-
before provided for the sale of bonds hereby
authorized to be issued, ana shall use we
proceeds for the payment OF such BOMBS as
may be drawn by lot, and ny the maturity OF
said bonds outstanding shall pay ana redeem
moneys in said fund IN extnguishment Of
said bonds on controllers warrants duly
drawn for that purpose.
SEC. q. The state controller ana the state
treasusershall keep full and particular ac-
count and record ofall their proceedings I'M
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 bien-
nially; and all books and papers pertaining
10 the matter provided for in This act shall 40
all times be open to the inspection OF any
party interested, or the governor, or the at
torney-general, or u committee OF either
branch OF the legis ature, or a joint commit
Tee OF both, or any citizen of the state,
Sac. :. 1t shall be the duty of The state
treasurer to pay the interest of said bonds
when the same falls dine, out of the sinking
fund provided for in this act, on controllers
warrants duly drawn for that purpose.
SEC. 9, This act, if adopted by the people,
shall flake effect on the thrty-flrst day of
December, nineteen hundred and ten, aS 10
all its provisions except those relating to and
necessary for its submission to the people,
and for returning canvaSsng and proclaim
ing the votes. and as to said excepted pro-
visions this act shall take effect imme-
SEC g. This act shall be submitted to the
people of the state of California for their
Ratification at the next general election, to
be holden in the month of Novemb ber, nine
teen hundred aud ten, and all ballots at said
election shall have printed thereon, and at
Diego seawall act" and in a 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 a 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 seawull act" and all those voting
against the said act shall do so by placing
cross opposite the words against the san
Diego seawall act" The governor of this
state shall include the submission of this
act to the people as aSaforesaid, in his procia-
nation calling for said general election.
SEC 10 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 ot1icers aud if
1t 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 as herei before provided, and
shall be irrepealable 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 H. 1t shall be the duty of the secretary
of state to bave this act published in at least one
newspaper in each county, or city and county. il
one be published therein throughout this state
for three months next proceeding the general
election to be holden in the month of Novemb r.
nineteen hundred and ten, the costs of publica-
tion 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
rund OF the state or Cal1forn1a, any ana all sums
of money heretofore transferred from said n
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.
SEC 13 This act may be known ana cited as
the "San Diego seawall act of 1907
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 TIN day OF April A. d. 1879, mt II :O5