Amador ledger., 1910-10-07

sinking fund at that time. and thereupou
and before the tenth day Of December fol
lowing, give notice by public advertisement
TO he inserted twice - week for two weeks in
two newspapers published in the county ~
San francisco, and also I'm one newspaper
published In the city OF san Diego, aud also
In one newspaper published in the city OF
Los Angeles, stating the number Of bonds 50
drawn, and the principal OF said bonds Will
be paid on presentation to the treasurer on
or 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 IL 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, and the interest coupons thereon ana
each year, beginning with the year nineteen
hundred and fifty. the said treasurer shallf IN
the manner aforesaid, proceed to draw by lot
such an amount Of bonds as shall be requisite
tn exhaust rs nearly as may be the amount
In said sinking fund, and proceed IN Tho man
ner hercinabove stated, Aner the payment
Of ali said bonds, the surplus or balance re-
naming In said sinking fund, II any there
be, shall forthwith be paid into the san
Diego harbOr i'm prOvcmcnt fund. AT the tmc
OF the respective drawings by lot, as alOre-
said, and also at the maturity or said sinte
bonds, said treasurer shall sell the United
states or other bonds then in said sinking
fund, at governing market rates, nHer a1Ver-
Using the sale thereof in the manner hcrcin-
before provided for the sale of bonds hereby
authorized to be issued, Iand shall use the
proceeds for the payment of such bonds us
may be drawn by lot, aud at the maturity of
said bonds outstanding shall pay and redeem
moneys in said fund IN eXtlnguishment Of
said bonds on controllers warrants duly
drawn for that purpose.
SEC 9. The state controller and the s.hte
treasuserfshall keep full and pariicuiar 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 repoh, TO be by
the governor laid before the legislature bien-
Ts:,i,y and all books and papers pertaining
40 the matter provided for In this act shall at
oil
party interested, or the governor, or the at
torncy- general, or q committee OF either
branch OF the legislature, or joint commit
tee OF both. or any citizen of the state,
SIC. T. 1t shall he 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. 3, This act, If adopted by the people,
shall Ftakc effect on the thirty-flrst day OF
Decem Der, nineteen hundred and ten, rs to
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 10 said excepted pro-
visions this act shall take effect imme-
SEC 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 NOvemb Der, nine
teen hundred aud ten, and all ballots at said
election shall have printed thereon, and nt
the end thereof, the words, For the san
Diego Seawall act" and in separate llhe
under the same words, Against the san
Diego seawull act,' and opposite said lines
there shall he 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 shal do so br plac-
ing II cross opposite the words For The san
Diego seawall 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
net 10 the people, as aforesaid, in his procla-
nation calling for said general election.
Sasn n nat ar n 81 9 n
shall be counted, returned and canvassed and
declare in the same manner and subject to the
same rules as votes cast for state oificers and If
IL appear that said act shall have received
majority of all the votes cast for and against 1t
at said election as aforesaid then the same
shall have effect as here before provided, and
shall be irrepe liable until the principal and in
terest of the liabilities herein created shall be
paid and discharged, and The governor shall
make proclamation thereof; but il a majority Of
the votes cast aforesaid are against this act
then the same shall be and become void.
SEC IL. 1t shall be the duty OF the secretary
of state to bave this act published in least
newspaper in each county, or city and county II
one be publ he'd therein, throughout this state.
for three months next proceeding the general
election to be holden in the month of Novemb Il,
nineteen hundred and ten, the costs Of publica-
tion shall be paid out of the san ID ego harbor
Improvement fund, on controllers warrants duly
drawn for that purpose
SEC II The state controller and state treas
urer are hereby drec ed TO transfer from any
moneys paid into the San Diego seawall fund
under the provisions of this act TO The neral
fund of the State of California, any and all sums
of money heretofore transferred from said z 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 and cited as
the 'San Diego seawall act of 1909"
w Il. PORTER,
President of the Senate.
p. A. STANTON,
Speaker of the Assembly.
Approved April 10Th, A d 1909.
j. N. GILLETr. Governor.