Amador ledger., 1910-08-05

sinking fund Of that time, and thereupon
and before the tenth day OF December IOl.
lowing, give notice by public adveruse inent
10 he Inserted twice n week for two weeks In
two newspapers published in the county OF
San Francisco, and also IN one newspaper
published i'm the city Of san Dlego, ana also
In one newspaper published IN tne cily OF
Los Angeles, stating the number OF bonds 50
drawn, and the principal OF said bonds VIII
be pald 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 it 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, ana
each year, beginning With the year nineteen
hundred and nifty, 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 hereinabo stated, After the payment
OF nll said bonds, the surplus or balance re.
naming in said sinking fund, II any tnefe
be, shall forthwith be paid into the san
Diego harbor Improvement fund. Atthe time
OF the respective drawings by lot, as afore-
said, and also at the maturity OF said siate
bonds, said treasurer shall sell the United
States or other bonds then In said SINKING
fund, at governing market rates, after adver-
tising the sale thereof in the manner herein-
before provided for the sale of bonds hereby
authorized to be issued, 'and shall use TIE
proceeds S ror me payment OF Socn p"r;ty pDn of
said bonds outstanding shall pay ana redeem
said matured outstanding bonds out OF SAID
moneys in said fund IN extingulshmentD Dl
said bonds on controllers warrants duly
drawn for that purpose.
SEC Q. The state controller and the. state
treasuserIshall keep full and particular ac-
count and record OF all their proceedings un-
der this act, and they shall transmit 70 the
governor an abstract OF all such proceedings
hereunder, with an annual report, TO be by
the governor laid before tho legislature bien-
nialIy; and all books and papers pertaining
to the matter provided for In this act shall at
oil ho tn IN
party interested, or the governor, or the at
torney-general, or committee OF either
branch h OF the ,egus ,,1en h OF or sbe STATE
SIC. Z. IT, SHALL be the duty OF the state
treasurer to pay the interest of said bonds.
when the Sam Q falls dine, out OF the sinking
fund provided for in this act, on controllers
warrants duly drawn for that purpose.
SEC. 8. This act, If adopted by the people.
shall take effect ION the thirty-first day OF
December, nineteen hundred and ten, as TO
all its provisions, except those relating to and
necessary for its submission 10 the people.
and for retwrning, canvassing and proclainl-
ing the votes. and as TO said excepted pro-
visions thSs act shall take effect iTni@e-
diately.
people OF the State of California for their
ratification at the next general election, to
be holden in the month of November, nbne-
teen hundred aud ten, and all ballots at said
election shall have printed thereon, aud nj
the end thereof, the words, " For the san
Diego seawall act" and IN u separate line
Diego seawall act" and opposite said lines
there shall be left spaces in which the voters
NAV make or stamp cross TO indicate
whether they vote for or against said act, and
those voting for said act shall do SO b;' place
ing across opposite the words "For the San
Diego a. seawali % act" nnd ally those voting
cross opposite the words against the San
Diego seawall act" The governor OF this
state shall include the submission of this
act to the people, as aforesaid, In his procla-
nation calling for said general election.
SEC. 10, The votes cast for or agatnstthis act
shall ibe counted. returned and canwassed and
declared in the same manner and sNHject to the
Samelrules votes cast for state officers: and If
1t appear that said net shall have received
majority OF all the votes cast for and against 1t
at said election, as aforesaid, then the same
shall have effect herei before proSdded and
snail be trrepealable until the principal and In
tere5t OF the liabilities herein created shall be
paid and discharged, and the governor shall
make proclamation thereof but ir a majority OF
the votes cast as aforesaid are against this act
hen;the same shall be and become void.
SEC ii. 1t shall be the duty Of the secretary
of state to bave this act published tin at least
newspaper in each county, or city and county. If
one be published therein, Throughout this state.
for three months next proceeding tthe general
election to be holden in the month off Novemb +,
nineteen hundred and ten, the costs of publica-
ton shall be paid out of the San Diego harbor
improvement fund, ,On controllers w@rTantS duly
drawn for that purpose.
SEC IL The state controller and state treas
uYer are hereby directed to transfer from any
moneys paid into the San Diego seawall fund
under the provisions of this act to the general
fund OF the State of California, amy and all sums
of money heretofore transferred from said gem
eralrfnnd to the San Diego seaw&ilfund together
with interest on said moneys from the date OF
transfer at the rate Of four per cent per annum.
SEC 13. This act may be known and cited as
the "San Diego seawall act of l909.''
W. II. POTTER
President of the Senate.
p. A. STANTON,
Speaker OF the Assembly.
Approved April 10Th, A. D. 1904.
j. N. GILLETT. Governor.
Endorsed. FiIe1 in The office of nhe Secretary