Amador ledger., 1910-10-14

| to provide means for the payment OF interest
on he bonds that may be sold and outstanding
said treasurer shall monthly take from the San
| Francisco harbOr improvement fund, and pay
into said scawal 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
hereby authorized and directed by the cOllec
tion OF dockagei tolls, rents, wharfage and
cranago TO collect sum Of money sufticient fol
| tho 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
! dred. and hftyOne, 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
us 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 folio wing. give notice by public ad-
verusement to be inserted twice q week for two
weeks in two newspapers published in the city
ana county OF san Francisco, and also in 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
| ltshed In the city Of Sacramento, stating the
| numberof 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 all interest upon bonds thus drawn
shall cease, IN 1t shall be the duty OF the trea
| suIer as soon as said bonds so drawn by lot arn
| surrendered to him and paid to cancel the same
and the interest coupons thereon, aud each year
| beginning with The year nireteen hundred and
| fifty-ooe, 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 all said
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 he respective draw
ings by lot, as aforesaid and also AT the ma
turlty OF said state bonds, said treasurer shall
sell the United states or other bonds then IN
said sinking fund at governing market rates
afte' advertising the sale thereof in the manner
hereinbefore provided the sale of bonds here
by 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 of said moneys
in said fund in eXtinguishment OF said bonds on
controllers warrants duly drawn for that pur-
pose.
SEC. 6. The state controller and the state
treasurer snail keep full and particular account
and record Of ali their proceedings under this
act and they shall transmit to the governor an
abstract of all such proceedings hereunder,
with an annual report,to be byths governor laid
before the legislature Diennially land 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. oc the gov
ernor, or the attorney general, or committee
of either branch of the leg $ ature, Or u joint
commit tee of both, or of any citizen of the state
SEC z, 1t shall be the uuty of the state trea
Surer to paw the interest of SAID bo1ds. 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 th'rty-first day of December,
nineteen hundred and ten, as 10 all its prOVi
sions except those relating to and necessary
fot is submission to the people. and for return
ing, canvassing and proclaiminS the votes and
as TO said excepted PROVISIONS this act Shall
take effect imme1iatey.
SEC 8. This act shall be submitted to the
people of the State of California for their rati
ticatlon at the next general election 10 be holden
in the month OF November nineteen hundred and
ten, and all ballots at said election shall have
printed thereon ana ut the end thereof, the
words, For the San Francisco Harbor Improve
mcnt Act o. .9u9, and in the same square under
SAID words the following, in BREWER type: This
act provides for the Improvement OF san Fran
cisco harDor and for the payment of all costs
thereof out OF the San Francisco Harbor I'M
provement Fund.- In the square Immediately
b b5low the square containing said words, there
shall be printed on said ballot the words:
Against the San Francisco Harbor Improve
mont Act OF iSO9" " ard imm diatcly below said
words, Against the san Francisco Harbor I'M
provement Act Of 1907 in BREWER type, shall
be printed This act provides FOR the improve
ment of San Francisco harbor. and for the pay
melt of all costs thereof cut of the san tran-
SEQ Harbor improvement Fund Opposite
tine words For the San Francisco liarbor I'm
proVement Act of 1909" and Against the san
Francisco Harbor Improvement Act OF 1919,
there shall be left spaces il which the voters
may make or stamp & cross ID Indicate whether
they vote for or against said act and those Vot-
ing for said act suali do so by placlug cross op-
poStte the words Tor the Sau Francisco Har-
nor Improvement Act Of 1909. and those VOt
ing against tue said act shall do so pY placing
- cross opposite tue words ' Against me san
Francisco Harbor Improvement ACT OF l9Uj
The governor OF this state shall Include tho
submission Of this act to the people, as aIore-
sajd in his p oclal1aton caAiAg Tor Sald gen
eral election
Sec. 10, The votes cast for or against this act
shall be counted, returned uud cunVaSSCd ana
declared in the same manner and subject tothe
same rules as votes ca,tlot StdU9 olhcers' ana
if il shall appear thal said act shall have re-
eeived 4 majority of all The oleS cast for aid
against it ut said election as NJ reSald, then
the same shall have effect as hereinbsiore pro
Vided and shall be irrepealable until the prln-
cipul and interest OF the liabilities herein ere
at5d shall be paid and discharged, and The GOV
ernur shall make proclamation thereof; but If
n majority oil the votes ca { IS Aforesaid are
against this nct then The same shall be and
become void
Sec, II, 1t shall be the duty of the secrotlry Of
state TO have this act publ -hed III AT least one
newspaper in each county or city and county, if
one be published therein, throughout this state,
for three months next preceding me general
election to he holden In the month OF November.
nineteen hundred aud ten tue costs OF rublica-
tion shall be pGil out of the san trancisco mar
Dor Improvement fund, On controllers warrants
duly drawn for tlat purpose.
sec IL TINS act may be known aud cited rs
the san Francisco HarJor Improvement Act
OF l9J0."
otc 10 hl. ia-ih tI p'st gao vi 'Nl' 4i ''!'-AliNt
with tue provisions OF this act are hereby re-
pedled.
W. PORTER
President OF the Senate.
- A. STANTON.
SpouEcr OF the Assembly,
Approved March 10, \ j. 1909
e, \. GILLErT, Governor
Endorsed: Fucd in theolhce OF the 5ecreaW
of state the ,, day OF IA. ch. a. y ~ o, at 4
O'Clock p ". q. 4. Curry, secretary Of STATE.
B. D HUes b. Deputy.
ASSEMBLY BILL NO. $50