Amador ledger. (Jackson, Amador County, Calif.) 1875-19??, 1910-09-09
SENATE BILL NO. 227.

Passed the senate February II, A. D. 1902.
Lewis Hiborn. Secretary OF the Senate.
Passed the Assembly March 10, A ID. 1909
Clio Lloyd, Chief Clerk of the Assembly.
This Bill was received by the Governor, this
18th day. of March A. ID. 1909, at O'Clock p. m.
Il. c. Cooper. Private Secretary Of the Cover
nor.
CHAPTER 407. An Act to provide for the issu-
ance and sale of tate bonds TO create u fund
Tor the acquisition by the board OF state har-
Dor commissioners of d necessary area for u
tidal basin for wharves, docks, piers, harbors
aud appurtenanceS in the city and county of
san francisco; to create aS1nk1ng fund FOR the
payment OF said bonuS and defining the du-
ties OF state officers in relation thereto; max
ing an appropriation of one Thousand dollars
for the expense of printing said bonds; and
providing for the submission of this act to AZ
The people of the State of California, repre-
senteu in senate and assembly. do enact as
follows
SECTION For the purpose of providing
fund for the payment of the Indebtedness auth
ori2ed to be incurred by the board of state har-
Dor commissioners for the acquisition of the
necessary area for II tidal basin extending the
area of India basin on the water front OF the
city ana county of san Francisco, as provided in
an act entitled An act to authorize and direct
the board OF state harbor commissioners to in
Stitute condemnation proceedings against GER
tain property north OF India basin, and extend
ing to lSlais creek in the city and county OF San
Francisco. end extending the jurisdiction of
said board OVER the same and providing for
the payment of judgments from the proceeds
of bonds issued and sold under the provisions
of an act entitled AN act to provide for the
issuance and sale of state bonds to create
% fund for the acquisition by the board of
state harbor commissioners of necessary
area for tidal basin for wharveS, docks.
piers, harbors, and appurtenanceS in the city
and county of San Francisco TO create "a sink
ing fund for the payment Of said bonds; and de-
filming the duties of state orlcerS in relation
thereto; making an appropriation OF 81 900 for
the expense of printing said bonds; and pro
viding for the submission of this act to u vote
OF the people," the state treasurer shall. imme-
diately after the issuance of the proclamation
by the governor. provided for in section ~ here
of, prepare one thousand suitable bonds of the
STATE of California, In the denomination OF one
thousand dollars each The whole issue of said
bonds Shall not exceed the sum OF one million
dollars and said bonds shall bear Interest at
the rate OF four per centum per annum, from the
time OF the sale thereof, and both principal and
interest shall be payable in gold coin of The
present standard value aud they shall be pay
able ut the o1tc of the state treasurer at the
expiration OF eVenty-tour years from theird1te
subject, however - redemption by lot as q
this act hereinafter provided Said bonds shall
bear date the second day Of January, A d.
1911 and shall be made payable on the second
day of January, a. ID. 1888 The interest
| accruing on such of said bonds as are sold shall
be due aud payable at the office OF the state
| treasurer on the second day of January and on
| the second day of July, of each year after the
| sale OF the same: provided, that the first pay
ment OF interest sh4ll be- made on the second
| day OF January, A. -. 1919, on so many OF
| SAID bonds tbs have been heretofore sold
| Al the expiration OF SeVenty-tOur years from
| the date OF said bonds. all bonds sold shall
| cease TO bear interest. and likewise all
| bonds redeemed by lot Shall cease To bear
| interest us in this act provided and the said
state treasurer shall call ia, forthwith pay and
cancel the same, out of the moneys in the India
| basin sinking fund provided for IN this act,
and he shall on the first Monday of January
| a d. 1885, also cancel anu destroy all bonds
not heretofore lsOld. All bonds issued shall
| be signed by the governor, and counterSigled
| by the controller, and shall be endorsed 10y
| the state treasurer, ana each snail nave the
| seal of the state stamped thereon Each bond
| shall contain clause that II Is subject To
| redemption by lot after the year nineteen hua
| dred and thirty-Dluc.
SgG s-Interest coupons shall be attached
to each OF said bonds, 50 that such coupous may
| be removed without injury 10 or mutation or
! the bond Said coupons shall be consecutively
numbered, amp shall bs signed by the state
| treasurer I}ut no interest on any NJ said bonds
shall be- paid for any TIME which may intervene
between the date OF any OF SAID bonds and the
| issue and sale thereof 10 a purchaser.
| SEE 8 Tho sum of one IN lusand dollars Is
| hereby app oprated to pay the expense that
may be incurred by the state treasurer IN hay
| lug said bonds prepared. Said amount she'll be
| paid out Of the san Francisco haruOr improve
ment fund on controllers warrants duly
drawn for that purpose
| SEC A. When the bonds authorized to he
| issued under this act shall be duly executed
they shall be sold by the state treasurer AZ pub
| lie auction 70 the highest bidder for cash, in
/ auch phfcelS ana iluulnora ~ solu Sb'le IeaH'
urer shall determined but said treasurer must
reject any aud all bids for said bond, or for any
| OF them which shall be below the par value Of
said bonds so offered for sale. aud he may by
public announcement at the place and time fixed
| for the sale, for good ana sunieient cause, con
| tinue such sale as TO the whole OF the bonds
offered, any part thereof Oifel ed, 10 such time
/ and place as no may select, not exceeding how
| ever sixty days, Due notice OF the time and
| place OF sale of all bonds, and OF the postpone
/ meat OF sale thereof must be given by sale
/ treasurer by publication In two newspapers
/ published In the city and county OF San Fran
| cisco. and also by publication In one newspaper
/ published In the city OF Oakland, aud by pub
! location In one newspaper published In the city
OF Los Angeles, and By publication In one news
paper published Ia the city OF Sacramento, once