Amador ledger., 1910-08-05

10 provide means Tor 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, ana pay
into said seowall sinking fund. an amount
equal to the monthly interest then due on all
/ 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 a sum Of money suficient for
| the purposes OF this act, over and above the
amount limited by section two Thousand I'VE
/ 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; and iifty-one aud between the first and
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 rs nearly rs
| may be the amount in said sinking fund at that
| time, and shall thereupon and before the tenth
day OF June folio owing. give notice by public ad-
| 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 pub
lished in the city of Sacramento, stating the
number Of bonds so drawn and that the princi-
| pal OF said bouds will be paid on present alton
| 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, n IL shall be the duty OF the treh
surer as soon AS said bonds so drawn by lot ar1
surrendered 10 him and paid to cancel the same
| and the interest coupons thereon, and each year
| beginning with the year nineteen hundred and
| hftyone, 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 SAID
bonds. the surplus or balance remaining in SAID
sinking fund, II any there be- shall fo'tnwlth
ment fund. AT the time OF The respective draw
ings by lot, as aforesaid, and also at the ma
turity OF said state bonds, said treasurer shall
| sell the United States or other bonds then In
| sal ID sinking fund, at governing market rates,
aztec 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 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.
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 thereunder,
| with an annual report, to be blythe governor laid
| before the legislature biennially;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 gov
ernor, or the attorney general, or commit Tee
| OF either branch OF the leg Stature, or a joint
committee OF BOTH or of any citizen of the STATE.
| SEC T. 1t shall be the duty of the state trea-
| surar to paw the interest OF SAID bonds. when
the same falls due, out of the sinking fund pro-
| vded for in this act, on controllers warrants
duly drawn for that purpose.
| 8 This act. IL 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
fot ITS submission To the people, and for return.
ing, canvsssing and proclaiming the votes, and
as to said excepted provisions this act shall
| take effect immediately.
people OF the State OF California for their rati-
icatlon at the next general election 10 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 1919, and in the same square 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 ST.
thereof out of the San Francisco Harbor I'M
provement Fund" In the square Immediately
bslow the square containing said words there
shall be printed on said ballot the words:
Against the San Francisco Harbor Improve.
ment Act OF 1eU9," and Immediately below said
words, against the San Francisco Harbor Inn
provement Act OF 1909" in BREWER type, shall
be printed, This act provides 1or the improve
inent 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 Harbor I'm
| provement Act of i909," and Against the San
Francisco Harbor Improvement Act OF 1919, F"
| there shall he left spaces in which the voters
| may make or stamp u cross 10 lnulchte WneJn0r
| they vole for or against said act and those vot-
ing for said act snall do so by placing cross op-
posite the words For the San Francisco Har-
Dor Improvement Act OF 1909 and those vot-
ing against the said act shall do 40 by placing
q cross opposite the words Against The San
Francisco Harbor Improvement Act of 1909 p"
The governor OF this state sball INCLUDE the
submission of this act to the people, AS afore-
said, in his Proclamation calllng Tor SAID gen.
eral election.
Sec. 10, The votes cast for or against this act
oh. ha tad GAnVAGSp6
declared in the same manner and subject tothe
same rules as votes cast for state oiflcers; and
II IL shall appear that said act shall have re.
ceived majority of all the voles cast for and
against 1t at said election as Aforesaid, then
the same shall have effect as hereinbefore pro-
vided, and shall be irrepealable until the prin-
cipal and interest OF the liabilities herein Gre
ated shall be paid and discharged, and the gov
ernOr shall make proclamation thereof; but If
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, II
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 rublica-
tion shall be paiu 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 1902"
Sec 49, All acts and parts of acts in conflict
with the provisions of this act are hereby re-
pealed.
w. r PORTER,
President OF the Senate.
p. A. STANTON,
Speaker OF the Assembly.
Approved March 90, A. ID. 1909.
j N. GILLETT, Governor
Endorsed Filled in the office of the Secretary
of State the p day of March, A. d. 10 8, at
o'clock p. NJ. C. f. Curry, Secretary OF State.
b. 5. Hoesah. Deputy.
ASSEMBLY BILL NO. 900
Passed the Assembly, March 4. A. d. 1909.