The San Francisco call., 1910-08-22
LEGAL AND oFFIcIAI-Continued


the principal and interest Of the ha6ilIles
herein created shall be paid and discharged, ana
b Sne Saan make G a as sfore
said, are against this act, then the same shall
be and become void.
tary OF state TO have this act published In az
least one newspaper in each county, OF city
throughout this state. for three months next
preceding the general election TO be holden
hundred and ten: the costs OF publication shall
be paid out OF the general fund, on controlier
Sec. II. This act shall be known anu elted
as the India Basin Act
Sec. Is. All acts and parts of acts in con
dict with the provisions of this act are nereos
". R. PORTER.
President of the Senate,
P A. STANTON,
Approved March oath, A; D; 1909 .or
Endorsed: Filed in the office of the Secretary
of State the 25 day of March. A D. 1909, at at
State. By J. HOescp. Deputy
SENATE BILL NO. 4e4. o
Passed the , Senate; March y tn a senate % lSV'
Passed the Assembly. March 20 A D. 1909.
Clio Lord. Chief Clerk of the Assembly
This bill was received by the Governor tSis
Governor.
and sale of state bonds TO create 1uno Ior
the construction by the board of state harDoI
commissioners for the bay OF san Des0 ,f Tl
harbor improvements consist OF seaWdH'
wharves. piers. state railroad. spurs oetIer-
ments and appurtenances in the county OF l San
Diego; TO create sinking fund for the pay.
ment of said bonds; to define the duties OF
state officers in relation thereto; 20 max l,a9 al
appropriation of one thousand five hunoreG
dollars For +Se exnense of printing said
bonds. and to provide for the submission OF
this act TO vote Of the people; -o-o,tad
The people of the State Of California, repTesenteu
in senate and assembly, do enact as tollows.
Section 1. For the purpose of providlns 1uno
for the payment of the Indebtedness neIeuS at
thorized TO be incurred by the board of state mar
Dor commissioners for the bay of San Diego LOT LOT
of seawaH wharves piers, STATE STATE IN a.
spurs. betterments and appurtenances IN IN W
county of San Diego, at cost not 10 5E eAeeg jd
million five hundred thousand dollars. WnlcH So s.lI
seawall, wharyeS, piers, state raArode; SPuls,
betterments and appurtenazces the saia al! oVs.u s
of state harbor commissioners Ior san UtesO -
are hereby empowered TO construct IN the , Han,
ner authorized by law, at cost not 70 eASeSo su u
one million five hundred thousand doalaFS, lar tbe
issuance of the proclamation OF the governor pc pc
vided for in section ten Of this act. prepare M M
teen hundred suitable bonds OF the STATE O5
California in the denomination OF one 49,,
dollars each, to be numbered from one 10 hieC-I
hundred inclusive and to bear date OF lhg r ~
day OF July. nineteen hundred eleven. tne - -,
tai issue CT said bonds shah not exceed tne sun i
of million five hundred thousand dolaIs, am. anu
they shall bear interest at Ihe Iate OL -N1I -. -
cent per annun from the date OF issuance tHsIT,
Of The said bonds and the interest thereon snail
be PAYABLE in gold coin of the United states OI
the present standard of value, at the ornce OF
state treasurer of said state. on the secOnu ny
of july nineteen hundred eighty-nve SUBJECT.
however to redemption by lot In this act
hereinafter provided. The interest accrulhs oH
ali of said bonds that shall be sold shall be pay
able al the Office of the treasurer OF the stare
on the second day Of January and tne sseonu ~
day of July of each year after the Ssle OF In. ans
from the date of said bonds ell bonds shal CEASE
bear interest. and likewise al 1onds N i
hv lot as hereinafter provided shall cease 10 bear
interest according 70 the provisions oL - etb
and the state treasurer shau eau IN anu iOi - ~
with pay and cancel the same out oI ss ,1S
moneys in the San Diego seawaH SlnHins I'M IN
rovifIed for in this act and he shall on the date
of the maturity OF said bonds cancel ana 9esuoy
all bonds not heretofore sold. All bonds re
manning rnsoid shall At the date OF the maturity
thereof be by the treasurer of the tate eancel{gu
and destroyed All bonds issued pursuant TO the
provisions of this act shall he signed hF tue
governor Of this state eounterslgned by the stale
controller and ndorsed by the state treasureL-
and the said bonds shall be so signed, counter
signed and indorsed by the officers VINO are IN
office on the second day OF July. nineteen nun nun-
dred eleven ana a. eaea @ OF Sf 5i1 ~ Caifornia i'm
pressed thereon. and said bonds slgned
sigued indorsed and sold as herein proS9e9a ss1i
he and constitute a valid and bindlng oolgaIlon
mon the state 9f California though the sale
thereof be made at date or dates after the per
son so signing. eountersigning and lndorslDg, or
either thereof shall have ceased to be an IN
cumbent of said office or offices
Sec . Appended to each of said bonds there
shaII he interest coupons so attached that the
same NAV be detached without injury or mutila-
tion of said bonds and said coupons shall De
consecntfveIv numbered and shall bear the htho-
graphic signature Of the state treasurer VINO
shall be in office on the second day OF july
nineteen hundred eleven. No interest shall De
maid on any of said bonds for such time as may
intervene between the date of said bond and
the day of sale thereof, unless sald accrued
interest shsll have been. by the purchaser OF OF
said bond paid TO the state at the time OF
such sale.
Sec. g. The sum of one thousand i've hun
dred dollars is hereby appropriated out OF any
moneys in the state treasury not otherwise ap-
propriated to pay the expense that may De IN
Cured by the, state treasurer in. in haylng sad
bonds prepared. The state controller is hereby
authorized and directed to draw his warrant
for the expense incurred in preparing the said
bonds. and the state treasurer Is nereoy olrecteu
Sec. l. When the bonds authorized to be is
sued by this act shall have been signed, coun-
tersigned and endorsed. 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 resolution requesting such
sale shall have been adopted by the board OF
state harbor commissioners Tor San Dlego pay
and said board shall not pass such resoiutloh
until in their Judgment the actual harbor re
ceipts and those reasonably anticipated, will
justify such sale OF bonds and the consequent
Increased burden harbor receipts Said resolu-
tion shall specify the number OF bonds neces-
sary 10 produce the amount OF money which. in
tbe Judgment of said board of harbor commission
ers shall be required at such time and the
governor of the state shall direct the state
raise said amount of money. and that said
bonds shall be sold in consecutive, numerical
order The state treasurer shall not accept any
bid which is less than the par value of the
bond plus 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 or any
mart of said bonds TO such time and place
he NAV at the time Of such continuance desig
nate Before Offering any of said bonds for sale
the state treasurer shall detach therefrom all
coupons which have matured or will mature
before the date fixed for said sale. The state
treasurer shall give notice of the time and place
of sale by publication in two newspapers pub
lished in the city and county Of San Francisco,
one newspaper published in the city of Los
Angeles one newspaper published in the city Of
San Diego and newspaper published in the
civ of Sacramento, once week for four weeks
next preceding the date fixed for such sale. In
addition to the notice last above provided for.
the state treasurer may give such further notice
as he may deem advisable. but the expenses and
cost of such additional notice shall not exceed
the sur. of five hundred dollars for each. sale So
advertised The cost of such publication shall
ment fund on controllers warrants duly drawn
for that purpose. and the treasurer must pay the
same The proceeds of the sale of such bonds
shall be forthwith paid over by said treasurer
into the treasury. and must be by MIN kept in
separate fund to be known and designated as
the tsSan Diego Seawall. Fund and must be
used excIusively for the construction of a sea
wall wharves piers, state railroad, spurs bet
terments and appurteuances thereto on the water
front of the bay of San Diego Drafts and
warrants upon the said fund shall be drawn