The San Francisco call., 1910-10-24
ASSEMBLY BILL NO. 800

Passed the Assembly, March 4. A. d. 1909,
Clio Lloyd, Chief Clerk Of the Assembly.
Passed the Senate. March ii. A. D. 1909.
Lewis A. Hilborn, Secretary Of the Senate.
This bill was received by the Governor. this
70 day Of March. A. D.. 1909. at IL o'clock
ernor
Chapter 3s3. An act authorizing the con
structlon, acquisition, maintenance and control
OF a system of state highways In the State of
California; specifying the work, fixing the pay
ments to be made by counties for moneys ex-
sale of state bonds to create fund for the CON
struction and acquisition Of such system: ere.
hug nd sinking fund for the payment Of said
act Tho to neoOe ,0te Of Of the the gssoPe stoPP
sented in senate and assembly, do enact as
follows:
Section 1. A system of state highways in and
for the State of California shall be constructed
and acquired and in the manner provided by
law by the department OF engineering Of said
state at cost not to exceed eighteen million
payment of the cost of the construction or ac-
QUESTION Of said system Of said highways, the
enr an Indebtedness in the manner provided by
this act in the OF eighteen million dollars
Immediately after the issuance of the procla-
nation of the governor, as provided In section II
of this act. the treasurer Of the state shall pre-
pare eighteen Thousand suitable bonds of the
State of California in the denomination Of one
to $4,000, inclusive and to bear the date of
ad as ds not ay the su a
million dollars and they shall bear interest at
sf of Ns e 9ad DdSs S I
the interest thereon shall be payable in gold
coin of the United States Of the present standard
state at the times and in the manner following.
to wit: The first four hundred of said bonds
Is ana Of sd ons asy
consecutive numerical order shall be due and
e the f DAY IF @ snS % eh
third day of July, 1861. The interest accruing
on all Of said bonds that shall be sold shall
state on the third day Of January and the third
day Of July of each and every year after the
issued and sold shall cease on the day of their
maturity and the said bonds issued and sold
herein provided and Cancelled by the treasures u e
of said state All bonds remaining unsoid shall
treasurer of the state Cancelled and destroyed
All bonds issued pursuant to the provisions of
this act shall u be signed By the governor Of this
bonds shall be signed. countersigned and 'Ia en-
third day Of July 1911, and each Of said n bonds ds
shall have the great seal of the State Of Cali caii
signed, countersigned, endorsed and sealed as
herein provided, when sold shall be and consti.
State of California, though the sale thereon he
made at a date. or dates. after the person 50
ef % shall have to be the e1enss
of said office or Offices.
Sec g. Appended to each of said bonds tbere
shall be interest coupons attached that fhe
mutilaton of said bond The said COUPONS 80 sh.m 1T
be consecutiveiy numbered and shall bear the
Autographed signature Of the state treasurer
who shall be in office on the third day of JuIy
1911 No interest shall be paid on any of said said
the date OF said bond and the day Of sale
thereof. unless such accrued interest shall have
state at the time of such ele fA'N - 'ne
Sec. 8. There snail s be provided in the general
ePpenses that shall be incurred BY the ststa a,a
treasurer in the preparation of said bonds and
in the advertising of the sale thereof as in this
act provided
Sec A. When the bonds authorized by this act
to be issued shall have been signed. counter.
provided, the state treasurer shall sell the ssme
In such parcels and numbers the governor of
cash The governor Of the state shall issna tto to
the state treasurer such direction immediafeiv
after being requested % SO to DO. through and by a
jority vote of the advisory board of the depart
ent Of ~ onsv Ssid resolution shall
judgment of said advisory board shall be i,e re
auTed at such s1ect time ts sna the Of
number OF said bonds as may be required to
raise said amount OF money and that said bonds
shsll be sold in consecutive numericaI nrdas
commencing with the first four hundred tberanf
The state treasurer shall not accent anv hjd
the interest which has accrued thereon plus
the date of sale and the last preceding interest
maturity date Inc state treasurer NAV at fhs
time and place fixed by him for said sale con-
tinue such sale as to the whole or any mart =,
the bonds offered to such time and place "a he
may at the time of such continuance desienate
Before offering any of said bonds for sale, the
said treasurer shall detach therefrom aIl cou-
pons which have matured will mature before
the date hIed for such sale. The state treas
urer shall give notice of the time and place OF
sale by publication in two newspapers published
In the city and county of San Francisco and in
one newspaper published in the city Of Oakland
and in one newspaper published In the city Of
Los Angeles and in one newspaper published In