Amador ledger., 1910-09-09

sinking fund at that time and thereupon
and 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 one newspaper
published in the city OF San Diego, and also
In one newspaper published in the city OF
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, 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 MS 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 nineteen
hundred and fifty, the said treasurer shall IN
the manner aforesaid, proceed to draw by lot
such an amount of bonds MS shall be requisite
to exhaust MS nearly as may be the amount
In said sinking fund, and proceed IN the man
ner herpinab Ove 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 hurbor i'm prOVcmcnt fund AT tho TINE
of the respective drawings by lot, as atore-
said, and also at the maturity OF said state
bonds, said treasurer shall sell the United
states or other bonds then in said SINKING
fund, at governing market rates, after adver-
Using the sale thereof in the manner hercin-
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 at the maturity of
said bonds outstanding shall pay and redeem
said matured outstanding bonds out or said
moneys i'm said fund in eXtinguishment of
said bonds on controllers warrants duly
drawn for that purpose.
SEC 6. The state controller ana the s,.te
treasuserlshall keep full and r1riicr.ur ac-
count and record of all their prOceed .ngs un-
der this act, and they shall transmit to the
governor an abstract of all auch p occedings
Hereunder, with an annual repOt, to be By
the governor laid before the legislature bien-
nially; and all books and papers pertaining
l.l .,I..,
all times be open To the inspection OF any
party interested, or the governor, or the at
torney-general, or ~ committee OF either
branch of the legiS azure, or ~ Joint commit
tee 0l both. or any citizen of the state.
SIC. Z. It 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.
SEQ 8, This act if adopted by the people.
December, nineteen bundled and ten, ns 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 imine-
diHtely.
people of the State of California for their
ratncation ut the next general election, to
be holden in the month of November, nine
teen hundred aud ten, and all ballots mt said
election shall have printed thereon, and at
the end thereof, the words " For the san
Diego seawall act" and In separate lii'e
under the same words, Against the San
Die go seawall act,' and opposite said lines
there shall be left spaces in which the voters
NAV make or stamp cross 10 indicate
whether they vote for or against said net, and
those voting for said act shall do so h. place
ing n cross opposite the words "For the San
Diego seawall act" and all those voting
against the said act shall do 80 by placing a
cross opposite the words Against the San
Diego Seawal act" The governor OF this
state shall include the submission of this
net to the people, as aforesaid in his procla-
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
rules votes cast for state officers and III
dt appear that said act shall have received
a majority Of all the votes cast for and against it
at said election, as aforesaid then the same
shall have effect herei before provided, and
shall be irrepedlable 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 u majority of
the votes cast as aforesaid are agan-t this act
then the same shall be and become void.
SEC IL. 1t shall De the duty of the secretary
Of state to bave this act published in at least
newspaper in each county, or city and county. II
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-
ton shall be paid out OF the San Diego harbor
improvement fund. on controllers warrants duly
drawn for that purpose.
SEC - 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
fund OF the State of California, any and all sums
OF money heretofore transferred from said gem
erel 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 10. This act may be known and cited as
the "San Diego seawall act of 1907
W. Il. POTTER,
President OF the Senate.
=. 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 7th day of April, A. ID. 1879, at u )5