Amador ledger., 1910-09-23

sinking fund ut that time. and thereupon
and before tho fenth day of December fol.
lowing, give notice by public advertisement
TO be inserted twice n week for twoweeks IN
dwO newspapers published i'm the county Of
san francisco, and also i'm one newspaper
published in the city Of San Diego, and also
In one newspaper published in the city OF
Los Angeles, stating the number of bonds SO
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
date all interest upon bonds thus drawn shall
cease, and 1t shall be the duty Of the treas.
urer as soon as said bonds 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.
naming in said sinking fund, If any there
be, shall forthwith be paid into the san
Diego harbor i'm provement fund. AT the tme
of the respective drawings by lot as afore-
said, and also at the maturity 81 said state
bonds, said treasurer shall sell the United
States or other bonds then i'm said sinking
fund, at governing market rates, after adver-
Using 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
said matured outstanding bonds out OF SAID
moneys in said fund IN extinguishment Of
said bonds on controllers warrants uuIy
drawn for that purpose.
SEQ. Q. The state controller ana the s."te
keep fp and rardesr ne
der this act, and they shall transmit TO the
Governor an abstract OF all 5tch proceedings
hereunder, with an annual report, TO pc by
the governor laid before tho Legislature bien-
nialfy and all books and papers pertaining
TO the matter provided for in this act shall at
all times be open to the inspection o. any
party interested, or the governor, or the at
torney-general, or committee OF either
branch OF the legis'n ture, or joint commit
tee Of both or any Sz zen Of arm the s",b 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. s, This act, If adopted by the people,
shall take effect ,on the thirty-first day of
December, nineteen hundred and ten, as to
all its provisions, except tn ose relating to and
necessary for its submission 10 the people,
and for returning, canvasSing and proclaim
ing the votes. and Us 10 said excepted pro-
visions this act shall take effect imme-
diately.
SEC 8. This net shall be submitted to the
people OF the State of California for their
ratification at the next general election, to
be holden in the month of November, nine
teen hundred aud ten, and all ballots mt said
the end thereof, the words, I" For the san
Diego seawata act,' and ia n separate line
under the same words, Against the San
Diego seawall act" and opposite said lines
there shalt be LEFT spaces in which the voters
NAV make or stamp Il cross 10 indicate
whether they vote for or against said act, and
those voting for said act shall do so b. pac-
ing cross opposite the words For the San
Diego seawal act" and all those voting
against the said &c, act shall do 70 by placing
Diego seawal act" The governor of this
state shall include the submission of this
act to the people, as aforesaid, in his proca-
ga election
SEC. 10 The votes cast for or against this act
shall be counted, returned and canvassed and
declared in the same name and subject to the
same rules as votes cast for state officers: a0d If
it appear that said act shall have received
q majority OF all the votes cast for and against 1t
at said election, Aforesaid, then the same
shall have effect herei before provided, and
shall be irrepeaIabe 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 n majority Of
the votes cast as aforesaid are against this act
then the same shall be and become void.
SEC II. 1t shall be the duty OF the secretary
of state to bave this act published in at 1east one
newspaper in each county, or city and county II
one be published therein, throughout 1Inis state.
for three months next proceeding the general
election to be holden in the month of Novemb +,
nineteen hundred and ten, the costs of publica-
ton shall be paid out of the San Diego harbor
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 soawall 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 on 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 1902
w. Il. PORTER,
President OF the Senate.
p. A. STANTON,
Speaker of the Assembly.
Approved April 10th, A. d 1909.
j. N. GILLETT. Governor.
End n of icR a