Amador ledger., 1910-09-23

/
on the bonds that may be sold and outstanding
| said treasurer shall monthly take from the san
Francisco harbor improvement fund, and pay
| into said seowaU sinking fund. an amount
| equal to the monthly interest then due on oil
bonds then sold, delivered and outstanding
| The board OF state harbor commissioners are
! hereby authorized and directed by the collec.
tion OF dockage tolls, rents, wharfage and
| cranage to collect sum OF money suihcient Tor
the purposes Of this act, over and above the
| amount limited by section two thousand hVe
hundred and twenty six OF the Political Code OF
| the State OF California. Between the first and
tenth day OF May, In the ear nineteen nun,
dreds and ffty-one. and between the first and
| tenth day Of May OF each year thereafter.
until the maturity OF said bonds, the said
treasurer shall. In the presence OF the governor
| proceed to draw by lot such an amount Of bonds
rs shall be requisite to exhaust rs nearly as
may be the amount in said sinking fund at that
! time, and shall thereupon aud before the tenth
day OF June following. give notice by public I'D
vertisement to be inserted twice week for two
weeks In two newspapers published In the city
and county Of San Francisco, and also In one
| newspaper published In the city OF Oakland,
and also In one newspaper published In the city
| of Los Angeles, and also one newspaper pup
lished In the city OF sacramento, stating the
| number OF bonds so drawn aud that the princi-
pal OF said bonds will be paid on presentation
| to the treasurer on or before the second day OF
July following, and from and after such last
| ma ned date III interest upon bonds thus drawn
shall cease. n H. shalt be the duty OF the trea
| surer as soon as said bonds so drawn by lot ar"
| surrendered TO him and paid to cancel the same
| and the interest coupons thereon, ana ebcn year
beginning with the year nireteen hundred and
| fiftyone, the said treasurer shall, In the man
nor aforesaid, proceed to draw by lot Such an
| amount of bonds as shall be requisite TO ex.
haust as nearly as may be the amount IN said
| sinking fund, and proceed in the manner herein.
above stated. After the payment OF all said
bonds, the surplus or balance remaining IN SAID
| sinking fund, IL any there be, shall forthwith
| be paid into the San Francisco harbor improve
men fund. AT the time OF The respective draw
ings by lot, as aforesaid, and also at the ma
ft,rtt.y NJ o.,td otn fah raj
sell the United States or other bonds then IN
| said sinking fund, at governing market rates,
afie Advertising the sale thereof In the manner
| herenbefore provided for the sale OF bonds mere
| by authorized TO be- issued, and shall use the
proceeds for the payment OF such bonds as may
be drawn by lot and at the maturity OF SAID
bonds outstanding shall pay and redeem SAID
matured outstanding bonds out Of said moneys
| in said fund in extinguiShment OF said bonds on
controllers warrants duly drawn for that pur-
| pose.
SEC G. The state controller and the state
| treasurer snail keep full and particular account
and record Of ali their proceedings under this
| act and they shall transmitt0 the governor an
| abstract OF all such proceedings Hereunder
with an annual report to be BY the governor laid
| before the Legislature biennially and I'LL 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 gov
ernor or the attorney general, or q committee
of either branch of the leg stature, or "a joint
commit tee Of both, or of any citizen Of the state
| SEC 2. IL shall be tne ddty of the state trea-
surer to paw the interest of SAID bonds, when
the same falls due, out of the sinking fund pro-
vided for III this act On controllers warrants
duly drawn for that purpose.
8 This act II adopted by the people, shall
take effect ON the thirty first day OF December
nineteen hundred and ten, as 10 all its provi-
sions except those relating to and necessary
f0t IT'S submission To the people, and for return.
ipg, canvassing and proclaiming the votes, and
as to said excepted provisions this act shall
take effect immediately.
SEC 8 This act shall be submitted to the
people Of toe State of California for their rati'
ticatlon at the next general election TO be holden
in the month of November, nineteen hundred and
ten, and all ballots ut said election shall have
printed thereon and at the end thereof, the
words, 'tor lheSan Francisco Harbor Improve
ment Act OF 1919" and in the same Squar@under
SAID words the following, in BREWER type: This
act provides for the Improvement of San Fran
cisco harbor and for the payment OF all costs
thereof out OF the San Francisco Harbor Inn
provement Fund In the square immediately
below the square containing said words, there
shall be- printed ON said ballot the words:
Against the San Francisco Harbor Improve
ment Act OF 19O9,n and imme diately below said
words, Against the San Francisco Harhor I'M
provenent Act of 1909" in BREWER ype, shall
be printed, This act provides Tor the improve
ment of San Francisco harbor and for the pay
ment Of all costs thereof Gut OF the san fran
CISCO Harbor Improvement Fund" Opposite
the words For the San Francisco Harbor I'm
provement Act of 1907 and Against the san
Francisco Hurbor improvement Act OF EN9, !"
there shall be left spaces IN which the voters
NAV make or stamp u cross to indicate whe ther
they vote for against said act, ana those vol
ing for said act s6all do so by placing cross op.
poSite the words For the San Francisco Har-
Dor Improvement Act of 1909, land u Il those vot-
ing against the said act shall do So'by placing
"a cross opposite the words Against the san
Francisco Harbor Improvement Act OF 1900 "
The governor OF this state shall include the
submission of this act to the people, as a1ore-
SAID in his proclamation calling for said gen.
eral election
Sec. TO- Ihe votes cast for or against this act
shall be counted, returned and canvassed ana
declared in the same manner ana suolect tonne
same rules us votes cast foe state officers; and
ii it shall appear thaG said act shall have re-
ceived 4 majority of all the VoLeS cast FOR aid
against it at said election as aforesaid, then
the same shall have effect us hereinbefore pro
vided, and shall be irrepealable until the prln
cpal and interest of the liabilities herein Gre
ated shall be paid aud discharged, and the gov
ernor shall make proclamation thereof; but II
n majority of the votes cast as aforesaid are
against this act then the same shall be and
become void
Sec, II, 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 preceding the general
election to be holden in the month OF November
nineteen hundred and ten the costs or nuollca-
tion shall be paiu out of the San francisco mar
Dor improvement fund, on controllers warrants
duly drawn for that purpose.
Sec. IL This act may be known aud clted as
the San Francisco Harbor improvement Act
of 1909"
Sec 10 All acts and parts of acts in conflict
with the provisions of this act are hereby re-
pealed. - -
President OF the Senate.
Il. A. STANTON,
Speaker OF the Assembly.
Approved March2O, a, ID. 1902
j n. GILLETT, Governor,
Endorsed: Filed in the office OF the Secretary
of State the ., day of March, A. ID. 10 ., at
O'CLOCK p. NJ c. h. Curry, SecretG.y OF State.
b. ). Hoes h. Deputy.