Amador ledger., 1910-08-19

sinking fund at that time, and thereupon
ond before the tenth day Of December fol-
lowing give notice by public adverusement
to be Inserted twice week for Two weeks IN
two newspapers published In the county OF
san francisco, and also i'm one newspaper
published i'm the city OF san Diego, ana 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
dofe all interest upon bonds thus drawn shall
cease and it shall be the duty OF the treas
urer as soon ms 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 as shall be requisite
to exhaust as nearly as may be the amount
in said sinking fund, and proceed IN the man.
ner hereinabove stated, After the payment
of all said bonds, the surplus or balance re-
manning in said sinking fund, If any there
f be, shall forthwith be paid into the san
Diego harbOr i'm prOvement fund. Al the Time
Of the respective drawings by lot, as afore-
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-
tising the sale thereof in the manner herein
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 m
said matured outstanding bonds out OF SAID
moneys in said fund In extinguishment oi
said bonds on controllers warrants duly
drawn for that purpose.
.treasuserIshall keep full and particular ac-
count and record of all their proceedings un-
der this act, and they shall transmit 10 .1 Ihe
governor an abstract of all such proceedings
'thereunder, with an annual report, 10 pc Dy
1.-THE governor laid before tho legislature bien-
Inally; and all books and papers pertaining
m no unn nt nrnVidp0
i all times be open to the inspection OF any
party interested, or the governor, or the at
branch of the legislature, or joint commit
tee Of both, or any citizen Of the state,
SEC 7. 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 3, This act, If adopted by the people,
'shall Ttake effect ion the thirty-first day of
December, nineteen hundred and ten, as 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 imme-
|diately.
SEC. Q. This act shall be submitted to the
|people of the State of California for their
|ratihcation at the next general election, to
be holden in the month of November, nine
|teen hundred aud ten, and all ballots at said
ELECTION shall have printed thereon, and at
the end thereof, the words, " For the San
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 cross to Indicate
whether they vote for or against said act, and
those voting for said act shall do so b. plac-
ling cross opposite the words "For the San
Diego seawall fact," and all those voting
against the said act shall do so by placing
|cross opposite the words Against the San
Diego seawall sct." The governor Of this
state shall include the submission of this
act to the people, as aforesaid, in his procla-
|mation 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 officers aud If
|it appear that said act shall have received
la majority OF all the votes cast for and against 1t
lat said election, aforesaid, then the same
|shall have effect as hereinbefore 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 IL. 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. If
one be published therein, throughout this state,
flor three months next preceding the general
ELECTION to be holden in the month of November,
nineteen hundred and ten; l. the costs & OF pnoiica-
improvement fund ,on controllers warrants duly
drawn for that purpose.
SEC IL 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 gen.
eral fund to the San Diego seawall fund. together
with interest 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 1909"
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 7th day Of April, A. d. 1879, at II 05
o'clock p. m. G. G.. Curry, Secretary of State.
Ry T. Hoesch Deputy, iy29-15