Amador ledger., 1910-10-14

sinking fund at that fimo and thereupon
md before the tenth day of December fol-
lowing. give notice by public advertisement
to be inserted twice % week for two weeks in
two newspapers published in the county OF
san Francisco. ana also in one newspaper
published i'm the city of San Diego, and also
in one newspaper published i'm thc city OF
Los Angeles, stating the number of bonds so
drawn, and The principal OF said bonds Will
be Dnid ON presentation to the treasurer on
or before the second day OF January, iolloW-
ing. and that from ana q ftcr such last named
date all interest upon bonds thus drawn shall
cease, and 10 shall be the duty OF the treas.
urcr as soon as said bonds so drawn by lot
are surrendered to MIN ana paid 10 cancel the
same, and the interest coupons thereon, and
each year, beginning with the year nineteen
hundred ana fifty. the said trcasurer shall, In
the manner aforesaid. proceed TO draw by lot
such an amount Of bonds as shall be requisite
10 exhaust as nearly as may be the amount
I'm said sinking fund, and proceed M The man
ner hcreinabOve stated. Aucr the payment
OF all said bonds, the surplus or balance rec
manning in said sinking fund, If any there
be, shall forthwith be paid into the san
Diego harbOr prOVcment fund. AZ the time
OF the respective drawings by lot, as alOrc-
said, and also at the maturity of snid state
bonds said treasurer shall sell the United
States or other bonds then i'm said sinking
fund ut governing market rates, after adVer-
tislng 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 as
may be drawn by lot, and at the maturity of
said bonds outstanding snail pay ana redeem
said matured outstanding bonds out OF said
moneys in said fund In eXtinguishment Of
said bonds on controllers warrants duly
drawn for that purpose
SEC. g. The state controller aHd the STATE
treaSuserlshall keep full and particular ac-
count and record of all their proceed ings un-
der this act, and they shall transmit TO the
governor an abstract of all guch proceedings
thereunderg with an annual report, to be by
the governor laid before the legislature bten-
nially; and all books and papers pertaining
20 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 y committee of either
branch Of the legis azure, or joint commit
tee of both, or any citizen OF the state
SEC. 7. IL shall he the duty OF the state !
treasurer to pay the interest of said bonds, |
when the same falls dne, 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 flake effect ION the thirty-frst day of
December, nineteen hundred and ten, as to
all its provisions, except tn ose relating to and
necessary for its submission to the people, |
and for returning, canvassng and proclaim
ing the votes. and us to said excepted pro-
visions this act shall take effect impe-
SEC. .. 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 n separate liue
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 indicat
whether they vote for or against said net, and
those voting for said act shall do so br plac-
ing Il cross opposite the words "FOr the San
Diego Seawul act" and all those voting
against the said act shall do so by placing Il
cross opposite the words against the san
Diego seawall actw The governor of thiS
state shall include the submission of this
act to the people, as aforesaid, in his procla-
nation calling for said general election.
SEC 10 The votes cast for or against this act
shall be counted, returned and canvassed and
declared in the same manner ana subject to the
rules as votes cast for state officers and II
it appear that said act shall have received
majority of all the votes cast for and against it
at said election. as aforesaid, then the same
shall have effect as herei before provided ana
shall be irrepellabe until the principal and in
terest of the liabilities herein created shall be
paid and discharged, and The governor shall
make proclamation thereof; but il n majority Of
the votes east as aforesaid are again t this act
then the same shall be and become void.
SEC IL. 1t shall ne the duty Of the secretary
of state 20 bave 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 tho general
election to be holden in the month of Noyemb r.
nineteen hundred and ten, the costs OF pubiica-
tion shall be paid out Of the san Diego harhnr
improvement fund,On controllers warrants duly
drawn for that purpose.
SEC II The state controller and state treas
urer are hereby direc ed to transfer from any
moneys paid into the san Diego scHwall fund
under the provisions OF this act to INC grneri
fund OF the State of California any and all sums
Of money heretofore transferred from said g'n-
erRl fund to the san Diego Seawall fund. together
With interest on said moneys from the date Of
transfer at the rate OF four per cont per annum.
SEC 13 This act may he known and cited as
the "San Diego seawall act of 1903"
w. K. PORTER,
President of the Senate.
f. A. STANTON.
Speaker Of the Assembly.
Approved April 10Th, A. d 1909.
j. N GILLETr. Governor.
Endorsed Filed I'm the Office of the Secretary