Amador ledger., 1910-10-07

10 provide means for the payment OF interest
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 seawal sinking fund, an amouni
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
ton OF dockage, tolls rents, whariage ana irl
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 hun.
dred.a 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
| as shall be requisite to exhaust as nearly as
may be the amount In said sinking fund at that
time and shall thereupon and before the TENN
day Of June following. give notice by pubic al
vertisement TO be inserted twice week Tor Two
weeks In two newspapers published in the city
and county of San Francisco, and also IN one
newspaper published in the city OK OAKLAND,
and also In one newspaper published in the CITY
| of Los Angeles, and also one newspaper pub
| lished in the city Of Sacramento, stating tine
number OF bonds so drawn and that the primer
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 al interest upon bonds thus drawn
shall cease s n IL shall be the duty of the trea
su,er as soon as said bonds so drawn by lot arc
surrendered to him and paid to cancel the same
/ and the interest coupons thereon, uuu ehCn yohl
| beginning with the year nineteen hundred ana
| hfty-one the said treasurer shall, In the man
ner 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 sald
bonds. the surplus or balance remaining IN sala
| sinking fund, II any there be, shall forthwith
be paid into the San Francisco harbor improve
ment fund. AT the time OF the respective draw
| ngs by lot as aforesaid, and also at the ma
turity of said state bonds, said treasurer snail
sell the United States or other bonds tnen IN
said sinking fund, at governing market rates,
afte' advertising the sale thereof in the manner
hereinbefore provided for the sale of bonds here
| 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 Sald
matured outstanding bonds out OF said moneys
| In said fund in extngushment OF said bonds ON
controllers warrants duly drawn for that pur-
pose.
SEC g. The state controller and the state
| treasurer shall keep full and particular account
and record of ali their proceedings under this
act and they shall transmit to the governor an
abstract of all such proceedings hereunder,
with an annual report to be blythe governor laid
before the Legislature biennially land 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 gov
| ernor, or the attorney general, or committee
of either branch of the leg stature, or "a joint
committee of both, or of any citizen of the state
SEC z. 1t shall be the duty of the state trea-
surer to pay the interest of said bonds. when
the same falls due, out of the sinking fund pro-
vided for in this act, on controllers warrants
duly drawn for that purpose. .
| This act. If adopted by the people, shall
take effect on the thirty first day of December,
nineteen hundred and ten, as TO all its provi-
sions except those relating TO and necessary
fot it's submission To the people, and for return
| ing, canvaSsing and proclaiming the votes, ana
as to said excepted provisions this act snail
take effect Immediately.
SEC O. This act shall be submitted to the
people of the State of California for their ratl-
iicatlon at the next general election TO be holden
In the month of November, nineteen hundred and
ten, and all ballots at said election shall have
printed thereon and at the end thereof, the
| words, For the San Francisco Harbor Improve
ment Act of 1909, " and in the same square under
sald 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 I'm
provement Fund.- In the square Immediately
| b slow the square containing said words there
| shalt be printed on said ballot the words:
Against the San Francisco Harbor Improve
ment Act of 19u0,'' and immt diately below said
words, against the San Francisco Harbor Inn
provement Act of 1907 in BREWER type, shall
| be printed, '"rhis act provides Tor the improve
ment of San Francisco harbor. and for the pay
ment of all costs thereof cut OF the san Fran
CISCO HarbOr improvement Fund" Opposite
the words For the San Francisco HarDor I'M
provement Act of 1900" and Against the San
Francisco Harbor Improvement Act OF l9t9,
there shall be left spaces in which the voters
may make or stamp cross TO Indicate whether
| they vote for against said act, and those Vot-
| ing for said act SHALL do so by placing cross Op-
! posite the words For the San Francisco Har-
| bor Improvement Act OF 1909 land a 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 1909
| The governor of this state shall include the
submission of this act to the people, as afore-
said, in his p. exclamation calling for SAID gen.
| eral election.
Sec 10. The votes cast for or against this act
Shall be counted, returned and canvassed and
declared in the same manner and subject tothe
| cu.tf
| il il shall appear that said act shall have re-
ceiyod majority of all the voJes cast for aid
against it at said election as af ,reSa1d, then
| the same shall have effect rs hereinbefore pro-
vided and shall be irrepealable until the prfn-
cipal and interest of the liabilities herein Gre
ated shall be paid and discharged, and the gov
ernOr shall make proclamation thereof; but II
a majority of the votes ca 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 tue costs OF oublica-
tion shall be pafu out OF the San Francisco har-
bor improvement fund, on controllers warrants
duly drawn for that purpose.
Sec IL This act may be known aud cited as
the san Francisco Harbor Improvement Act
of l9N"
Sec 1S All acts and parts of acts in conflict
with the provisions of this act are hereby re-
pealed.
President OF the Senate.
u. a. STANTON,
Speaker OF the Assembly.
Approved March 20, A. d. 1909.
j n. GILLETT, Governor.
Endorsed: Filed in the office of the Secretary
OF State the p day OF March, A. ID. 10 8, at
o'clock p. NJ. O. +. Curry, Secretary of State.
B. 5. Hoes h. Deputy.