Amador ledger., 1910-11-04

on the bonds that may be sold and outstanding.
said treasurer shall monthly take from the San
into said seawall sinking fund, an amount
equal TO the monthly interest then due ,on all
| bonds then sold delivered and outstanding
| The board OF state harbOr commissioners are
| berehv authorized and directed nv the collec-
/ tion OF dockage tolls, rents, wharfage and
| cranaRe to collect n sum OF money sufficient for
| the purposes OF this act, over and above the
amount limited by section two thousand five
| hundred and twenty.siX OF the Political Code OF
| the State OF California. Between the first and
| tenth day OF May, in the ear nineteen hun.
dreds and ffty-one, and between the first and
! tenth day OF May OF each year thereafter.
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
as 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-
vertisemeut to be inserted twice week for two
weeks in two newspapers published In the city
ana county OF san francisco, and also ia 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
lshed in the city Of Sacramento stating the
number OF bonds so drawn and that the princi-
| pal of said bonds will be paid on presentation
| tO the treasurer on or before the second day OF
July following and from and after such last
ma ned date al interest upon bonds thus drawn
shall cease. tn1 1t shall be the duty OF the trea
surer rs soon as said bonds so drawn by lot are
surrendered to him and paid to cancel the same
and the interest coupons thereon, and each year
beginning with the year ntneteen hundred ana
fifty-one, the said treasurer shall, In the man
ner aforesaid, proceed TO draw by lot such an
amount of bonds as shall be requisite to 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 al SAD
bonds. the surplus or balance remaining in said
sinking fund, If any there be, shall forthwith
be paid into the San Francisco harbor improve
ment fund, AT the time OF the 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
said sinking fund, at governing market rates,
afier advertising the sale thereof In the manner
hereinbefore provided for the sale OF bonds here
by authorized to be issued. and shall use the
proceeds for the payment of such bonds Us may
be drawn by lot and ut the maturity of said
bonds outstanding shall pay and redeem said
matured outstanding bonds out of said moneys
in said fund in eXtinguiShment OF said bonds on
controllers warrants daily drawn for that pur-
pose.
SEC g. The state controller and the state
treasurer snail keepful and particular account
and record of ali their proceedings under this
act. and they shall transmit to the governor an
abs tract of all such proceedings Hereunder,
with AN annual report, to be blythe governor laid
before the legislature bienniallyand all books
and papers pertaining to the matter provided
for in this act shall at all times be open 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, or of any citizen of the SJate
SEC q 1t shall be the outy Of the state trea-
surer to paw the interest of SAID bonds. when
the same falls due, out of the sinking fund pro-
vided for in this act ON controllers warrants
duly drawn for that purpose.
This act, if adopted by the people, shall
take effect on the thirty-firSt day OF December,
nineteen hundred and ten, as TO all its provi-
sions except those relating 10 and necessary
fot is submission to the people, and for return
ing, canvassing and proclaimng the votes, and
as to said excepted provisions this act shall
take effect Immediately.
SEC 8 This act shall be submitted to the
people of the State OF California for their rati-
icat1on at the next general election TO be holden
in the month of November, nineteen hundred and
ten, and all ballots at said election shall have
printed thereon and at the end thereof the
words For the San Francisco Harbor Improve
ment Act of 1900, and in the same square under
SAID words the following, in BREWER type: This
act provides for the Improvement of San Fran
cisco harbor aud 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 1909, and immediately below SAID
words, against the San Francisco Harbor I'm
provement Act of 1907 in BREWER type, shall
be printed, This act provides Tor the improve
ment of San Francisco harbor. and for the pay
ment of all costs thereof cut OF the san Fran
CISCO Harbor Improvement Fund" Opposite
the words For the San Francisco Harbor I'm
provement Act of 1909" and Against the San
Francisco Harbor Improvement Act OF 1gl9,
there shall be left spaces in which the voters
may make or stamp u cross 10 Indicate whether
ing for said act Snall do so by placing cross OPP
posite the words For the San Francisco Har-
Dor Improvement Act of 1863, and u Il those vot-
ing against the Salc act snail DO so by placing
n cross opposite the words Against the san
Francisco Harbor Improvement Act OF 1909
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.
See 10, The votes cast for or against this act
shall be counted, returned and canyassed ana
declared in the same manner and subject tOthe
same rules as votes cast for state officers; and
If il shall appear that said act shall nave re-
ceived majority of all the votes cast for and
against it at said election as aforesaid, then
the same shall have effect as hereinbefore pro
vided, and shall be irrepealable until the prln-
cipal and interest OF the Liabilities herein Gre
ated shall be paid and discharged, and the gov
ernor shall make proclamation thereof; but II
a majority of the votes cart as aforesaid are
against this act then the same snail De ana
become void.
Sec, IL, 1t shall be the duty of the secretary Of
state to have 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 preceding the general
election to be holden in the month OF November
nineteen hundred and ten. the costs OF publlca-
tion shall be paiu out of the San Francisco har-
Dor improvement fund, on controllers warrants
duly drawn for that purpose.
Sec. IL This act may be known aud cited as
the San Francisco Harbor Improvement Act
Sec 10 All acts and parts of acts in conflict
with the provisions OF this act are hereby re-
pealed. - - ,,
President OF the Senate.
Z. A. STANTON
Speaker OF the Assembly.
Approved March 20, A. ID. 1909.
j N. GILLETT Governor.
Endorsed: Filed in the ONCE of the Secretary
of State the p day of March, A. ID. 1913, at
O'Clock p. NJ c. f. Curry, Secretary of State.
B. ). Hoesch. Deputy.