Amador ledger., 1910-09-30

TO 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 h0rbOr improvement fund, ana pay
into said seowall sinking fund. on 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 colec,
tiOn OF dOckage, tolls rents, wharfage ana
cranago to collect sum OF money sufficient for
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 hfty-one. and between the first ana
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 tho amount in said sinking fund at that
time, and shall thereupon and before the tenth
day OF June folio wing give notice by public al
vertsement 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 tine
number OF bonds so drawn and that the princi-
pal of said bouds will be paid on presentation
| to the treasurer on or before the second day of
| July following. and from and after such last
na ned date all interest upon bonds thus drawn
shall cease, IN IL shall be the duty OF the trea
surer as soon as said bonds so drawn by lot are
| surrendered 10 him and paid to cancel the same
and the interest coupons thereon, aud each year
| beginning with the year nineteen hundred aud
| ffty-oue, the said treasurer shall, In the man
ner aforesaid, proceed to draw by lot sucn an
amount OF bonds as shall be requisite 10 ex,
haust as nearly as may be the amount IA 80, saiu
above stated. After the payment OF oil saiu
bonds. the surplus or balance remaining IN salu
sinking fund, IL any there be, shall fo-thwltn
| be paid into the San Francisco harbor improve
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 snaull II
sell the United States or other bonds tnen In
said sinking fund, at governing market rates,
afer advertising the sale thereof In the manner
hereinbefore 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 saio
bonds outstanding shall pay and redeem salo
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 uli 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;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 committee
of either branch of the leg stature, or u joint
commit tee of both or of any citizen OF the STATE.
SEC T. 1t shall be the duty 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 in this act, on controllers warrants
duly drawn for that purpose.
This act. IL adopted by the people, shall
take effect on the thirty-hrSt day OF December,
nineteen hundred and ten, as 10 all It's prov1-
sions except those relating to and necessary
fot its submission to the people, and for return
ing, canvassing and proclaiming the votes, and
rs to said excepted provisions this act snail
take effect immediately.
SEC D. This act shall be submitted to the
people Of the State OF California for their raul
ticatlon at the next general election TO be holden
in the month of November, nineteen hundred and
ten, and all ballots at said election shall nave
printed thereon and at the end thereof, the
words, For the San Francisco Harbor Improve
ment Act OF i9U9,' 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
thereof out OF the San Francisco Harbor I'm
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 1903, !" and imme diately below said
words, Against the San Francisco Haroor I'M
provement Act of 1909" in BREWER type, shall
be printed, '"This act provides for 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 Har0or I'm
| proyement Act of 1909" and Against the San
Francisco Harbor Improvement Act OF 1919, "
there shall be left spaces in which the voters
| may make OF stamp ID CTOSS u luulCubC WnCShOi
they vote 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 a. those Vot-
ing against the said act shall do so by placing
cross opposite the words Against the san
Francisco Harbor Improvement Act OF l9O9 "
The governor OF this state shall include the
submission OF this act to the people, as afore-
said, in his proclamation calling for SAID gen.
Sec. TO- The votes cast for or against this act
bo bod pRf nnnVnSSpn
declared in the same manner and subject tothe
same rules as votes cast for state oIhcers; ana
il it shall appear that said act shall nave re-
ceived majority of all the voLeS cast for and
against il at said election as aforesaid, then
the same shall have effect as hereinbefore pro
vided and shall be irrepealabe until the prln-
cipal and interest of the liabilities herein Gre
ated shall be paid and discharged, and the gov
ernor shall make proclamation thereon: put II
q majority of the votes caTt as aloreSalu are
against this act then the same shall be ana
become void
Sec, II, It 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 he holden in the month of November.
nineteen hundred and ten Tue costs OF nu0llca- Il
Dor improvement fund.- on controllers warrants
duly drawn for that purpose.
Sec. II This act may be known aud clteu as
the San Francisco Harbor Improvement Act
OF 1909"
Sec l3 All acts and parts of acts in conflict
with the provisions OF this act are hereby re-
pealed.
President OF the Senate.
Z. 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 2, day of March, A. ID, 10 D. at
O'Clock p. NJ. G. r. Curry Secretary OF State.
b. 5. Hoesch. Deputy.