Amador ledger. (Jackson, Amador County, Calif.) 1875-19??, 1910-09-02

sinking fund at that time. and thereupon
and before the tenth day of Decem her fol-
lowing, give notice by public advertisement
to he inserted twice a week for two weeks In
two newspapers published I'm the county Of
san Francisco, and also In one newspaper
published In the city OF San Diego, and also
In one newspaper published i'm 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 dny of January. foil low
ing. and that from and after such last named
date all interest upon bonds thus drawn shall
cease, and II shall be the duty OF the treas
urer rs soon as said bonds so 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 ms 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-
manning in said sinking fund, If any there
be, shall forthwith. be paid into The san
Diego harbor i'm provcment fund. At the time
OF the respective drawings by lot, MS alore
said, and also mt the maturity of said state
bonds, said treasurer shall sell the United
states or other bonds then i'm said sinking
fund, ut 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 ms
may be drawn by lot, and at the maturity of
said matured outstanding bonds out OF said
moneys in said fund In cXtinguishment OF
said bonds on controllers warrants duly
drawn for that purpose.
SEC O. The state controller and the state
treasuserlshall keep full and particular ac-
count and record of all their proceedings un-
der this act, and they shall transmit TO the
governor an abstract of all such proceedings
Hereunder with an annual report to be by
the governor laid before tho legislature bien-
nially; and all books and papers pertaining
TO the matter provided for In this act shall at
all times be open to the inspection OF any
party interested, or the governor or the at
torney-general, or ~ committee OF either
branch of the legs azure, or a joint commit
tee of both or any CITIZEN Of the state,
SIC. I. IT. shall be the duty OF the 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. 8. This act, If adopted by the people,
shall take effect on the thirty-frst day of
December, nineteen hundred and ten, as to
all its provisions, except those relating to and
necessary for its submission TO the people,
and for returning, canvassng and proclaim
Ing the votes. and as TO said excepted pro-
visions this act shall take effect imme-
diately.
SEc.9 This act 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 at said
election shall have. printed thereon, and at
the end thereof, the words, " For the San
Diego seawall act" and in u separate line
under the same words, " Against the San
Diego seawall act" and opposite said lines
there shall he left spaces in which the voters
NAV make or stamp a cross TO indicate
whether they vote for or against said act, and
those voting for said act shall do so b. plac-
Ing q cross opposite the words For the San
Diego seawall act,' and all those voting
against the said act shall do 70 by placing a
cross opposite the words "Against the San
state shall include the submission OF this
act to the people, as aforesaid, in his procla-
nation calling for said general election.
SEC ~ The votes cast for or against this act
shall be counted, returned and canvassed and
declared in the same manner and subject to the
same rules as votes cast for state officers and II
1t appear that said act shall have received
a majority Of all the votes cast for and against 1t
at said election, as aforesaid. then the same
shall have effect as herei before provided. and
shall be irrepealable until the principal and in
terest of the liabilities herein created shall be
paid and discharged, and the governor shall
make proclamation thereof; but II majority of
the votes cast as aforesaid are against this act
then the same shall be and become void.
SEC IL. 1t shall be the duty OF the secretary
of state to have this act published in at least one
newspaper in each county, or city and county. If
one be published therein, throughout this state.
for three months next proceeding the general
election TO be holden in the month Of November,
nineteen hundred and ten, the costs of pubica-
ton shall be paid out of the San Diego harbor
Improvement fund on controllers warrants duly
drawn for that purpose
SEC H. The state controller and state treas.
urer 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, 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 actof 1909"
W. r. PORTER
President of the Senate
+. A. STANTON.
Speaker Of the Assembly.
Approved April 18th, A. 1907
N GII.IRTr COvnrnnr