The San Francisco call., 1910-09-19
LEGAL AND oFFIcIAI-continued

tary of state to have this act published IN az
and county II one i be published therein
throughout this state. for three months 1ssr nsa,
PIeesdlng fSa the general election 70 Dc nineteen
hundred and ten; the costs of publicatlon lSi
be paid out OF the general fund on contr0iiel
warrants. duly drawn for that purpose i+ad
Sec L. This act shall be known ana ei'eu
as the India Basin Act
nlet with the provisions Of this act are HeeD'
President Of the Senate.
P. A Isl, STANTON !, on Assembly.
Approved March oath. A. D. 1909.
]. N. GILLETT. Governor
Endorsed: Filed in the ofrce Of the secretary
Of State the 25 day of March. A. srx 2. 1sUs az AZ
State By j. Hoesch, Deputy
SENATE BILL NO. 464-
Passed the senate. March 12. A D; 1903
Passed the Assembly, March 20. A. D. 1900
Clio Lord, Chief Clerk of the Assembly -,
2sd day D Of WIS Marcs rfesized Sy gCe at
?. m E. c. Cooper, Private Secretary OF 'Hs
Chapter 623 An Act to provide for the issue
and sale Of state bonds to create IuHu -
the construction By the board of state "a nsroof ~
commissioners for the bay of San DleSO %
harbor improvements consist Of seaWa-
wharves, piers, state railroad. spurs, Pc s S.n
ments and sppurtenances in the county oI @ oaN
Diego; to create sinking fund Tor the paSs
ment of said bonds; to define the duties OF
state officers in relation thereto; to maze an
appropriation of one thousand FIVE hundred
collars for the expense OF prinoITns, phl,Tass,on Of
bonds and to provide for the submission u
this act to vote Of the people
The people Of the State of California, represeneu
in senate and assembly, do enact as toho"s
Section 1. For the purpose Of providing lunu nl
for the payment of the indebtedness hereby au
thorized be incurred by the board OF Slale nsl "a
Dor commissioners for the bay of San Dlego io ~.
harbor improvements consist OF for the erecuon
4 Of SeSWalI- EharyeS piers. state
spurs, betterments and appurIenaAceS ~ -. -
county of San Diego at a cost not TO exceed one
million Eve hundred thousand dollars. which salo
seawall. wharves, piers, state rallroag, lp"arS
/ 6etterments and appurtenazces tue SAT- 49, ha1
/ of state harbor commissioners for san Dieso Das
are hereby empowered TO construct IN lhe 5 nien
ner authorized by law, at cost not 20 eASsSo 49,
one million five hundred thousand doliars, -
state treasurer SHALL lmmedlaJeN 49, 49, mo
issuance of the proclamation OF the governor pr
I teen hundred suitable bonds OF the Str-.,s5
California in the denomination OF one sseaeD
aollars each TO be numbered IIon S O ~ +bs second
hundred, inclusive, and 70 bear date ., 'H rrb to
day Of July, nineteen hundred eleven Inc & 20
tai issue of said bonds shall not e1sesG 1, en wi
OF one million i've hundred thousand ceilsas 80 ,sr
they shall bear interest at the rate OF LSuI - p
cent per annum from the date OF ~lssuance ~ es tsu
or The said bonds and the interest," csts ~
be payable in gold coin or the Cnltsu otatss -
the present standard OF value, at the otnce OF & IL
state treasurer of said state, on the secOlu uas
/ of July, nineteen hundred eighty -nVe s1oJecl,
however to redemption by lot as IN tnls act
hereinafter provided. The interest acerulng Oh
all of said bonds that shall be sold shall be pay
able at the Office of the treasurer OF tue S slasS
on the second day Of January and the sse0nu 0n
day of July Of each year after the sale OF tne
same At the expiration OF seventy -Iour years
from the date of said bonds all bonds shall cease
to bear interest and likewise all bonds redeemed
by lot as hereinafter provided shall cease 70 pear
interest according to the provisions OF t9ls aSt'
+ with nav and cancel the same out OF the
moneys in the San Diego seawan sinking Iane
Of the maturity of said bonds cancel and destroy
| all bonds not heretofore sold All Dohus ie
naming unsold shall. at the date OF the maturity
thereof he bv the treasurer Of the state cancelled
aud destroyed. All bonds issued pursuant 70 tne
provisions OF this act shall be signed pS 44e
governor of this state, eounterslgnea oy Ihe sla.e
4 controller and indOrsed by the stare treasuIeL
aud the said bonds shall be so signed, counter
signed and indorsed By the otncers wno arr 2 u
/ Office on the second day of July. nineteen nun
/ dred eleven and each OF said bonds shal nave
! the great seal Of the State Of California I'M
/ pressed thereon and said bonds signed, counter
signed. indorsed and sold as herein provided shaI
be and constitute valid and binding obligati9,n
/ ppen the. state of California though the sale
4 Son so signing countersigning and indorsing. or
cumbent Of said oface or Offices
/ Sec 3 Appended to each Of said bonds there
same may be detached without injury or nutila-
tion Of said bonds. and said coupons snail oe
/ conseeutively numbered and shaA bear the I%lIno- %
graphic signature Of the STATE treasurer VINO
shall be in Office the second day or july
nineteen hundred eleven No interest shall De
/ paid on any Of said bonds for such time as may
/ intervene between the date of said bond and
/ tie day Of sale thereof unless said accrued
interest shah have been. by the purchaser OF
i said bond, paid 10 the state at the time OF
such sale.
/ sec 8 The sum Of one thousand sFe hun
dred dollars is hereby appropriated out OF any
I moneys in the state treasury not otherwise ap-
proprated TO pay the expense that may be In
/ Cured by the state treasurer in having sad
bonds prepared The state controHsr Is hereby
/ authorized and directed to draw his warrant
i for the expense incurred in preparing the said
bonds. and the state treasurer Is hereby directed
Z to pay the same.
Sec. A. When the bonds authorized to be is
sued by this act SHAH have been signed. coun-
tersigned and endorsed IS In section l pro
vided the state treasurer shall sell the same for
cash to the highest bidder in such parcels and
numbers as the governor OF the state shall
/ direct provided a resolution requesting such
sale shall have been adopted by the board OF
state harbor commissioners for San Diego bay.
and said board shall not pass such resolution
1 ceipts and those reasonably anticipated. viii
justify such sale ef bonds and the consequent
| Increased burden harbOr receipts Said reS0lE-
tion snail specify the number Of bonds neces
sary to produce the amount OF money which. in
ers shall be required at such time and the
/ governor Of the state shall direct the state
J raise said amount or money, and that sald
bends shall be sold in consecutive. numerical
order Tie state treasurer shall not accept any
1 bid which is less than the par value OF the
\ hond rlus the interest which has accrued thereon
/ between the date of sale and the last preceding
interest maturity date. The state treasurer may,
| at the time and place fixed by him for such
sale continue such sale as to the whole OF any
mart OF said bonds to such time and place as
ne NAV at the time OF such continuance desig-
nate Before offering any of said bonds for sale
I fine state treasurer shall detsch therefrom all
commons Which have matured will mature
before the date fixed for said sale The state
treasurer shall give notice of the time and place
! of sale BIZ publication in two newspapers pub
Hshed in the city snd county of San Francisco.
| one newspaper published in the city Of Los
| AroeleS one newspaper published IN the city of
| San Diego and one newspaper published il the
| ci+v of Sacramento. once a week for four weeks
! 1eyt preceding the date fixed for such sale. In
| a6ditton 10 the notice last above provided for,
the state treasurer may give such further notice
ss he NAV deem advisable, but the expenses and
cost of such additional notice shall not exceed
tba sun of five hundred dollars for each sale 50
advertised The cost OF such publication shall
he naid out of the San Diego harhor improve
a1t ne fnrd on controllers warrants duly drawn
For that purpose and the treasurer must pay the
same The proceeds of the sale OF such bonds
shsu hs forthwith paid over by said treasurer
into the treasury and must be By him kept in
a sensrste fund to be known and designated as
nssd exclusively for the construction Of a sea
aIi Tharves piers, state railroad spurs bet
tarn,eots and appurtenances thereto on the water
srona ~ the bay of San Diego. Drafts and
rrsrrants upon the said fund shall be drawn
"rar and shall be paid out of said fund in the
sanna sa manner as drafts and warrants are drawn
1non and paid out Of the San Diego harbor i'm
provement fund
| .oresf Of said bonds a sinking fund. to be known
Co