The San Francisco call., 1910-08-08
LEGAL AND NEUTRALITY-SUSPICIOUS.


ofheers; and if it appear that said act shail
have received majority of all the votes cast
Tor and against it at said election, as aIofe-
above provided, and shall be irrepeala3le untlI
the principal and interest Of the naeiltles es
herein created shall be paid and discharged. and
the governor shall make proclamation thereof;
but If majority OF the votes cast as a19rs,
said, are against this act, then the same shail
Sec. II. 1t shall be the duty of the secre-
tary OF state to have this act published IN "a, az
and county. il % one be published therein:
throughout this state for three months next
in the month Of November A. D. nineteen,
hundred and ten; the costs of publication n, snall
warrants. duly drawn for that purpose.
Sec. II This act shall be known and ei'eu
See. 13 All acts and parts of acts IN con
fiet with the provisions of this act are nereDs
repealed.
President Of the Senate,
p A. STANTON, .,
Approved March effS sPeass' 4 D. o. 1909. sos
j. y GILLETr. Governor.
Endorsed: Filed in the office of the SECRETARY seGs
so O'Clock a. NJ C. F. Curry, Secretary OF
State. BY ]. Hoesch, Deputy.
SENATE BILL NO. 464. -
Lewis 4 HfIbornl secretary Of the Senate.
Passed the Assembly. March 20, A u. ISo9-
Clio Lord. Chief Clerk OF the Assembly,, +b,s
This bill was received by the Governor; tnis
23d day of March \. d. 1909. at ocioSA
I p. m. E. c, Cooper, Private Secretary OF tne
Chapter CPS An Act to provide for the issue
and sale of state bonds TO create Iunu ~ lo-
Commissioners for the bay of San Diego Of
harbor improvements consist OF sedWan'
wharves piers. state raliroaa. spu1s. os os San
Diego: to create a sinking fund ror tns pay
ment of said bonds; to define the dnaies m ..
appropriation of one thousand five hundred
doilers for the expense Of prln1iing, sadS ~
! bonds and to provide for the SUBMISSION ol
this act TO a vote of the people
The people of the State of California repTsseneeu
in senate and assembly. do enact as IolioWs f,r
Section /. For the purpose OF providing a lunu @
for the payment of the Indebtedness heIeu9 az
thorize TO be incurred by the board OF state usr
Dor commissioners for the bay OF san Dleso ~.
harbor improvements consist of for the erectlon
of a seavall, wharyes. piers, state ~ a.
spurs. betterments and appurtenahees ~ ne ene
county of San Diego. at cost not 10 e1Geeu IN
million five hundred thousand dollars, wnleh salu
seawali, wharyes piers, state ralroa9i i, Ip bpa-d
betterments and appurtenances the ssid oOalu @
of state harbor onimissioners for San Diego bay
are hereby empowered TO construct IN the MAJ ~.
ner authorized by law, at cost h9o 9,1sr - the
one million five hundred thousand doIIsls' ~
state treasurer shall. Immediately aIleI n .n
issuance Of the proclamation OF the governor
vided for IN section ten of this act. prepare NJ
teen hundred suitable bonds of the State OF
California in the denomination OF one thousanu e
dollars each to be numbered from one 10 nIteeI
hundred inclusive and to bear date or the secOuu
day of July nineteen hundred eleven. The TO
taI issue of said bonds shall not exceed the sun
IF o,a million fxn hundred Thousand dollars anu
they shall bear interest at the rate OF IOuL Pc
cent per aunum from the date OF issuance ~ n
of The said bonds and the interest thereon sliai
/ he payahle in gold coin OF the United states OF
the present standard of value. at the o1nce o. ie
state treasurer of said state. on the seeonu uas
| of JuIy nineteen hundred eighty -dve, subject,
| however. TO redemption by lot as IN tlns ace @
hereinafter provided The interest acerulng on
al of said bonds that shall be sold shall be pay
able at the office of the treasurer or tne snaeS
on the second day OF January s anu liz .Ie os tbe
day of July of each year after the ssir - u - ~
| same At the expiration OF seventy -Iour years
from the date of said bonds ell bonds shall cease
to bear interest. and likewise all Donus reueGuleu
hv Iot rs hereinafter provided shall cease 10 pear
interest according 20 the provisions OF tnis az
and the state treasurer shan can III anu tbs
with nav aud cancel the same out OF ths
| pnnevs IN the San Diego seawall sinking Innn
provided for in this and he shall on the ga e
| of the maturity of said bonds cancel anu ges',o5
! oil bonds NOT heretofore sold. All bonds re-
/ naming nnsold shall at the date of the maturity
thereof be by the treasurer OF tnr ent 70 the
! provisions of this act shall be stEneul oS tLe ~
governor of this state. counterslsned oy Ine
controller and indorsed by the stare a+e-
| and the said bonds shall be so signed, ccanter- 8
signed and indorsed by the officers who are ,I n
| Office on the second day of July, nineteen nun
! dred eleven and each OF said bonds shaI nave
| the great seal OF the State Of California i'm
nrosSsd thereon and said bonds signed. counter
Stoned Endorsed and sold as herein provided shall
be and constitute valid and oindlng 9t Ie
upon the State Of California thoaEn tf tbe Ssr
lneleol s i,irg Gg o"nntersieuing and ndorsing or
| either thereof. shall have ceased to De an III
Sec 3 Appended TO each of said bonds there
shall be interest coupons so Attached tha1 H.e
| same may be detached without INJURY or mutiid-
tion of said bonds and said coupons sna, ,i.,o os
| consecutiyely numbered and shall bear the htno
graphic signature Of the state treasurer ,,l Mno
| shall be in office on the second day OF July,
| nineteen hundred eleven. No interest shall be
| Maid on any of said bonds for such time as may
intervene between the date Of saa ,d poao aacrneS
interest shah have been. by the purchaser ..
| said bond paid to the state at the time OA
such sale.
See. s. The sum of thousand five hun
dred dollars is hereby appropriated out Of any
| moneys in the state treasury not otner"lse sp-
proprated to pay tne eSpenTe n having said
] bonds prepared. The state controller is hereby
authorized and directed to draw his w. %srsahI saId
| for the expense incurred in preparing the sal9
bonds and the state treasurer Is hereby directed
Sec. 4. When the bonds authorized to be is
sued by this act shall have been signed. coun-
terSigned and endorsed. as In section l pro pro
yded, the state treasurer shall sen 'ne same @ no5
I numbers as the governor of the state shall
| direct provided resolution requesting sucn
| sale shall have been adopted by the ooaro OF
| state harbor commissioners for San Diego pay,
| and said board shall not pass such resolution
| nnfiI in their Judgment the actual harbor re
| ocipts and those reasonably anticipated. will
| Justify such sale of bonds and the consequent
! increased burden harhor receipts SAID resolu-
snail
sary 10 produce the amount OF money which N
the Judgment OF said board OF harbor commission
/ ers shall be required al such time and the
governor of. the state shall direct the stare
| treasurer 10 soil such number of said bonds 70
| raise said amount of money. and that sal1
bonds shall be sold in consecutive. numerical
! order The state reasnrer shall not accept any
hid v-bic-, is less than the par value OF the
ho ,d plus the interest which has accrued thereon
between the date Of sale and the Lass preceding
interest maturity date. The state treasurer may
7 AZ fbe fine and place fixed by him for suc1
sale eoetinre such sale as to the whole or any
part of said bonds to such time and place as
br NAV at the time os such continuance deSig-
! nate Before Offering any of said bonds for sale
f;,e state treasurer shall detach therefrom al
! cos,nonS which have mstured will mature
before tho date fixed for said sale The state
tresst,rer shall give notice Of the time and place
! ~ se,n hr publication IN two newspapers pub
lishcd in the city and county Of san Francisco
| onc newspaper published in the city or Los
Angeles; one newspaper published IN the city ol
San Diego ard one newspaper published IN rhe
c;tv Of Sacramento. once week Tor four weeks
next preceding tho dste hzsd for such sale II
addition TO the notice last above provided LOT
tbe state treasurer NAV give such further uo5ice
! as he NAV deem advisable. but the expenses ane
cost Of such Additional notice shall not exceed
4s sun, of sve hundred dollars Tor cseh sale 81
aaverfised The cost of such publication shaH
he naid out OF the san Diego harhor improve
mont fund on controllers warrants duly draw
for thar purpose and the treasurer must pay the
same Tie proceeds of the sale OF such bonds
shall he forthwith paid oyer by said treasurer
into tha treasury. and must be by him Kept II
= s.,,,srata fund to be knOwn AMI designated as