Amador ledger., 1910-08-19

10 provide means for the payment OF interest
on the bonds that may be sold and outstanding
said treasurer shall monthly take from the san
Francisco harbor Improvement fund, and pay
into said seawall 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 dOckage, tolls, rents, wharfage anu
cranage to collect sum OF money sufhcient ior
the purposes OF this act, over ana above the
amount limited by section two thousand hve
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 ana
| tenth day OF May of each year thereafter
until the maturity, of said bonds tbe salu
treasurer shall in the presence OF the governor,
proceed to draw by lot such an amount OF bonds
as shall be requisite to exhaust MS nearly as
may be the amount In said sinking fund at tnat
| time, and shall thereupon and before the tenth
day of June following. give notice by public al
| vertisement to be inserted twice week Tor Two
weeks In two newspapers published in tne Guy
| and county of San Francisco, and also IN one
| newspaper published in the city OF Oakland
and also in one newspaper published IN the clty
of Los Angeles and also one newspaper pup
| lished In the city of Sacramento, stating the
| number of bonds so drawn and that the prlncl-
pal of said bonds will be paid on presentation
| to the treasurer on or before the second Gay OF OF
July following, and from and after such last
ma ned date all interest upon bonds thus drawn
shall cease. ami IL shall be the duty OF the urea
| surer as soon as said bonds so drawn by loI arc
| and the interest coupons thereon, aud each year
| beginning with the year ntneteen hundred anu
hfty-one, the said treasurer shall In the man
| ner aforesaid, proceed to draw by lot such an
| amount of bonds as shall be requisite 10 eX,
haust as nearly as may be the amount In salu
| sinking fund. and proceed in the manner hereln,
| above stated. After the payment OF all saiu
| bonds the surplus or balance remaining In salu
sinking fund, II any there be, shall fortnwltn
| be paid into the san Francisco harbor improve
| ment fund. At the time OF the respective draw
| ings by lot, as aforesaid, and also at the ma
turity of said state bonds, said treasurer snail
| sell the United States or other bonds then III
| sal d sinking fund, at governing market rates,
aftec advertising the sale thereof In the manner
hereinbefore provided for the sale OF bonds mere
| by authorized to be issued, and shall use tne
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 sald
matured outstanding bonds out OF said moneys
| in said fund in extinguiShment OF said bonds on
controllers warrants duly drawn for that pur-
pose.
| treasurer shall 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 blythe governor laid
before the legislature biennially ;and 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, or the gov
ernor, or the attorney general, or committee
of either branch of the leg stature, or u JOINT
committee of both, or of any citizen of the state
| SEC z. III shall be tne QuJy OF Lne SthIe urea
surer to paw the interest of said bonds. when
the same falls due, out of the sinking fund pro-
vided for ia this act, on controllers warrants
duly drawn for that purpose.
| 3 This act. IL adopted by the people, snail
take effect on the thirty first day of December,
nineteen hundred and ten, as to all its proV1-
| sions except those relating to ana necessary
fot It's submission to the people, and for return.
ing. canvassing and proc tanning the votes, ana
as to said excepted provisions this act shall
take effect Immediately.
N oof hui
people of the State of California for their rati-
ficatlon at the next general election TO be holden
in the month OF November, nineteen hundred ana
| ten, and all ballots at said election snail nave
printed thereon and at the end thereof, the
! words For The San Francisco Harbor Improve
ment Act of 1909" and in the same square under
said words the following, in BREWER type: rms
act provides for the Improvement of San Fran
cisco harbor and for the payment OF all costs
thereof out of the San Francisco Harbor I'm
provement Fund" In the square lmmedlately
| below the square containing said words, there
shall be printed on said ballot the words
| Against the San Francisco Harbor Improve
| ment Act of 1907 and Immediately below said
words, Against the San Francisco Haroor I'm
hprovement Act of 1907 in BREWER type shall
be printed, This act provides Tor the improve
ment of San Francisco harbor. and for the pay
ment of all costs thereof cut of the san Fran
| CISCO Harbor Improvement Fund. Opposite
the words For the San Francisco Harbor I'm
provement Act of 1902" and Against the eod SaI
Francisco Harbor Improvement Act OF 19u9,
there shall be left spaces in which the voters
may make or stamp cross to indicate whetnei
they vote for or against said act and those vot
ing for said act snail do so by placing cross op
| posite the words "For the San Francisco Har
Dor Improvement Act OF 1909. and AL those vot-
ing against the said act shall do so by placing
"a cross opposite the words Against the san
| Francisco Harbor Improvement Act OF 1909 y
The governor Of this state sball include the
submission of this act to the people, as afore
| said, i'll his PROCLAMATION calling Tor Sald gen
eral election.
Sec 10, The votes cast for or against this act
! shall be counted, returned and canvassed ano
declared in the same manner ana SUBJECT itotht
| same rules as votes cast for state officers; anC
if it shall appear that said act snail nave re
ceived \ majority of all the votes cast Tor ahC
against it at said election as aforesaid, thel
the same shall have effect as herelnoelore pro
vided, and shall be irrepealable until the prln
cipal and interest of the Liabilities herein ere
ated shall be paid and discharged, ana the gov
ernor shall make proclamation thereof; but /
| n majority of the votes cast as aforesaid ART
against this act then the same snail be an'
become void.
Sec, II. 1t shall be the duty of the secretary o
state to have this act published in at least on
newspaper in each county or city and county, l
one be published therein, throughout this state
for three months next preceding the genera
election to be holden in the month OF November
nineteen hundred and ten. the costs OF puDIlca
tion shall be paiu out of the san francisco mar
Dor improvement fund, on controller warrant
duly drawn for that purpose.
Sec IL This act may be known aud cited a
the san Francisco Harbor Improvement Ac
OF 1907 90
Sec l3 All acts and parts of acts in confiic
with the provisions of this act are hereby re
w. r. PORTER,
President OF the Senate.
p. A. STANTON,
Speaker OF the Assembly.
Approved March 20, A. D. 1909.
i j N. GILLETT Governor
I Endorsed Filed in the ottice OF the Secretar
of State the % day of March, ~. ID. " - at
O'Clock p. NJ, c. f. Curry, Secretary OF State
B. >. HoeSch. Deputy.