Amador ledger. (Jackson, Amador County, Calif.) 1875-19??, 1910-09-09

OOndS; TO define the duties Of state officers
~ relation thereto: 10 make an apprOprla-
tion Of one thousand five hundred dollars
Tor me expense OF printing said D0nds, and
toPiovide for the submission of this nct to
The people of the state OF California, rep
resented IN senate and assembly, do enact
~ follows:
SECTION !. FOR the purpose OF providing a
tund Tor the payment ~ the Indebtedness
hereby authorized to he Incurred by the
board of state harbOr commissioners for the
nav on san Diego Tor harbor improvements,
consist OF Tile erection of u seawall. wharvcs,
piers, state railroad, spurs betterments and
appurienanccs I'm the county OF san Diego Mt
n cost not to exceed one milan n vc buu-
dred thousand dollars which snid seawnli
wharvcs, piers, state raiirOad. spurs, better
ments AMI appurtenanceS tho said board of
state harbor commissioners for san Diego
bay are hereby empowered to construct In
the manner authorize by law, Mt n cost not
to exceed one million five hundred thousand
dollars, the state treasurer shall, i'm mediate
~ after the Issuance of the proclamation of
the governor provided for In section ten OF
thus act, prepare hfteen hundred suitable
bonds of the state OF California i'm the de-
nomination Of one Thousand dollars each to
be numbered from one to fifteen hundred
inclusive, and TO bear date of the second day
OfJuN, nineteen hundred eleven. The total
issue Of said bonds shall not exceed the sum
Of one million i've hundred thousand dol
lars, ana they shall bear Interest ut the rate
OF -four per cent per nnnum from the date OF
issuance thereof The said bonds ana the
Interest thereon shall be payable in gold coin
of the United States of the present standard
of value, at the office OF the state treasurer of
said state, on the second day of July, nine
teen hundred eighty-fiVc, subject, however,
TO redemption Ivy lot as in this act herein
after provided. The interest accrung on all
of said bonds that shall be sold shall be pay
able mt the Office of the treasurer of the STATE
on the second day of January and the second
day of July of each wear after the sale OF the
same. At the aspiration Of seventy-four
years from the date of said bonds, al bonds
shall cease 10 bear interest, and likewise all
bonds redeemed by lot rs hereinafter pro-
vded shall cease to bear Interest according
TO the provisions of this act, and the state
treasurer shall call in and forthwith pay
and cancel the same out of the moneys in
the San Diego Seawull sinking fund provided
for in this act. ana he shall on the date of
the maturity Of sand bonds cancel aud des-
troy all bonds not heretofore sold. All bonds
remaing unsold shall, at the date of mntur-
ity thereof, be by the treasurer of The stale
Cancelled and destroyed. All bonds issued
pursuants to the provisions Of this act shall
be signed by the governor of this state,
countersigned by the state controller, and
endorsed by the state treasurer, and the said
bonds shall be so signed, countersignpd and
endorsed by the officers who are in Office on
the second day of July, nineteen hundred
eleven, and each of sud bonds shall have
the great seal of the state of California inn
pressed thereon, and said bonds signed,
cOuntcrsigned, endorsed and sold as herein
provided, shall he and constitute o valid ana
binding obligation uoon the state OF Califor-
MIA though the sIic thereof be made at date
or dates after the person so signing, counter
signing and endorsing, or either thereof.
shall have ceased to be an incumbent of
said Office or offices.
SEC 2. Appended to each of said bonds
there shall ne interest coupons 50 attached
that the same may be detached without in
jury or mutilatiOn of said bonds. and said
coupons shall be consccutvely numbered
and shall bear the photographic signature of
the state treasurer who shall be in office on
the second day of July, nineteen hundred
eleven No interest snail he paid on any of
said bonds for such time as may intervene
between the date Of said bond and the day
of sale thereof, unless said accrued interest
shall have been, by the purchaser of said
bond, paid TO the state at the time of such
sale
SEC u The sum of one thousand five hun
drcd dollars is hereby appropriated ont of
any moneys in the state treasury not other
wise appropriated to pay the expense that
may be incurred by the state treasurer in
having said bonds prepared. The state con-