The San Francisco call., 1910-10-10
LEGAL and OFFICIAL-Con.

be and become void
Sec IL, 1t shall be the duty s Of the secrs ;e #
least one newspaper in each county ess,G OF ci1y
and county II Be published d,tsa therein DeRt
preceding the general election to be holden
/ in the month Of November. A D. nlneiee,n,
be paid out Of the general fund. on controller $
warrants, duly drawn for that purpose.
See IL This act shall be known and ei'eo
Sec 49, All acts and parts OF acts in con
fict with the provisions Of this act are hereby
W. R. PORTER.
| President of the Senate.
P A. STANTON,
Speaker Of the Assembly
| ]. n. GILLETT Governor
Endorsed: Filed In the office Of the secCetar| cG {.
of State the IS day Of March. A. D. ls0y, AZ a.
| $50 o'clock a. m G. f. Curry, Secretary Oh
State. By ]. HOesch. Deputy.
/ SENATE BILL NO. 464-
Passed the Senate. March T. a. A. siD.,c D; lsO'
Passed the Assembly March 20. A; D. 1902
clis Lord. CHIEF Clerk of the Assembly. nj.
2sd day of March. A. d. 1909. at 5 O'clock
p m E. o. Cooper. Private Secretary OF tne
Governor.
Chapter 623. An Act to provide for the issue
and sale of state bonds to create Iuho a-bor bor
commissioners for the bay Of San Diego q Of
harbor improvements consist OF seswa..' sHSt.
|
| ments and appurtenances in the county OF SHn
Diego; to create sinking fund Tor suS pao =,
ment Of said bonds; to define the Gusiss usEs an an
state officers In relation thereto; 70 max msaS az
| appropriation of one thousand i've nunorsd ga
dollars for the expense Of prinrifns, phmfas,on S OF
| bonds. and to provide for the SUBMISSION "
this act to a vote OF the oeople-
The people of the State of California, Representa-
| In senate and assembly, do enact as Iohio"S
Section l. For the purpose Of providing igrp anu
thorized to be incurred by the board OF SLale ne1
Dor commissioners for the bay OF San pleso io1
harbor improvements consist OF ror tne II5 eiTSea5
spurs, betterments and appurtenanees In the
million i've hundred thousand dollars. which said
seawau, wharves. piers, state IaHroa9a,, hpoard
of state harbor commissioners for San Diego pay
! are hereby empowered TO construct IN tne ed nan
ner authorized by law, at cost noe oeua,s " tSs
/ state treasurer shall, immediately a1ter .ne
issuance of the proclamation Of the governor psS
| teen hundred Suitable bonds OF the State OF
California in the denomination OF one sss
dollars each, to be numbered from one 70 5 ILL.,
hundred inclusive and to bear date of the second
| day Of July, nineteen hundred eleven Inc "
tai issue of said bonds shall not exceed tne SUN
of one million Ave hundred thousand dollars anu
! they shall bear interest at the rate Oh IoM @ PeA
of. The said bonds and the interest thereon sna -
be payable in gold coin OF the United states %
the present standard of value at the odnce enS ~
! of July, nineteen hundred eighty-nye. suoJect,
however, to redemption by lot as IN , tnis act cn
hereinafter provided The interest accrulns on
all of said bonds that shall be sold shall De pay
able at the office Of the treasurer OF tne sea.s
on the second day of January and the ssc4he 9,a
day Of July of each year after the sale OF the
same. At the expiration OF seyenty-Ionr yedIs
from the date of said bonds all bonds sha
by lot as hereinafter provided snail cease 70 oeal
interest according TO the provisions OF t9is ss,
| and the state treasurer shall call In ana rorIh-
with pay and cancel the same out OF tne
moneys in the San Diego seawan sinking Iuea sn,a
| Of the maturity of said bonds cancel and destroy
| all bonds not Heretofore sold All bonds re-
thereof be by the treasurer of the state cancelled
and destroyed. All bonds issued pursuant 10 h the
provisions of this act shall be signed py tne
governor of this state. countersigned BY the state
controller and indorsed by the state treasurer
signed and indorsed by heg9ffcers VINO are s,, n
office the. second day OF July nineteen nun
dred eleven. and each of said bonds shall nave
pressed thereon, and said bonds signed counter
signed, indorsed and sold as herein provided snaH
upon the State of California though the sale
thereof be made at date or dates a1ler tne per
son so signing. countersigning and indorsing, or
cumbent of said office or Offices
Sec 2 Appended to each Of said bonds there
same may be detached without injury or mutila-
ton of said bonds, and said coupons shall De
graphic signature of the state treasurer who
shall be in office the second day OF July,
hundred f ad eoea f9 SG snrs te
intervene between the date Of said bond and
the day of sale thereof. unless said accrued
interest shall have been. By the purchaser OF
such sale.
Sec g. The sum of one thousand i've hun
dred dollars is hereby appropristed , out OF any @
propriated to pay the expense that may be N,
Cured by the state treasurer In having said
bonds prepared. The state controller Is hereby
authorized and directed to draw his warrant
for the expense incurred in preparing the said
bonds, and the state treasurer Is nereDy olreclsa
to pay the same
Sec A. When the bonds authorized to be Is
sued by this act shall have been signed, coun-
yided' the state treasurer shall sell the same for
cash to the highest bidder in such parcels and
6res provided Ss resolution reeuesng sueh
sale shall have been adopted by the board OF
state harbor commissioners for San Diego bay,
and said board shall not pass such resolution
until in their Judgment the actual harbOr re-
ceipts and those reasonably anticipated will
insfify such sale of bonds and the consequent
Increased burden on harbor receipts. Said resoIu-
tion shall specify the number Of bonds
sary to produce the amount Of money which. In
ers shall be required at such time and the
governor of the state shall direct the state
treasurer TO sell such number OF said bonds to
raise said amount of money, and that said
bonds shall be sold in consecutive, numerical
bid which is less than the par value Of the
bond plus the interest which has accrued thereon
between the date Of sale and the last preceding
interest maturity date. The state treasurer may
aft the time and place fixed by him for such
SALE continue such sale as 70 the whole or any
part of said bonds such time and place as
he NAV at the time Of such continuance desig-
nate Before offering any Of said bonds for sale
the state treasurer shall detaeh therefrom ali
commons which have matured or will mature
before the date fixed for said sale. The state
treasurer shall give notice of the time and place
of sale by publication In two newspapers pub
lished in the city and county of San Francisco
one newspaper published in the city Of Los
! Angeles one newspaper published in the city of
San Diego and one newspaper published In the
city of Sacramento, once week for four weeks
NEXT preceding the date fixed for such sale In
addition to the notice last above provided for
the state treasurer may give such further notice
as he NAV deem advisable, but the expenses and
cost of such additional notice shall not exceed
the sur. Of FIVE hundred dollars for each sale 50
| sdvertised The cost Of such publication shall
| he Maid out of the San Diego harbor improve
| mant fund on controllers warrants duly drawn
for that purpose, and the treasurer must paw the
seme The proceeds Of the sale OF such bonds
| shall he forthwith paid over By said treasurer
! into the treasury, and must be By him kent in
separate fund to be known and DESIGNATED as
| fhe .sSan Diego Seawall Fund" and must he
used exclusively for the construction OF a sea
| wall wharves piers, state railroad, spurs bet-
terments and appurtenances thereto on the water
! front of the bay Of San Diego Drafts and
werranfs upon the said fund shall be 5rswr 1rr
| mon and shall be paid out OF said fund in The
same manner as drafts and warrants are. dr.wn
unon and paid out of the San Diego harbor in,
| provement fund
Sec s. For the payment Of the princfpaI and T.,
4o-ost of said bonds sinking frYnd n. - -l-