Imperial Valley press., 1916-09-01
STATE HIGHWAYS ACT
OF 1915. Il

w A4o 0O4
Dis.
gfven that at the
be held on Tues
! November, 1916,
ted to the people
rnia the following
e approved by the
10:
r 404
e acquisition, a con-
n ent, maintenance
uncompleted por-
of state highways
ntemplated by an
ct authorizing the
uisition, mainte-
of a system of
the State Of Cali
the work, fixin &
'e made by coun-
expended therein;
issuance and sale
create a fund for
nd acquisition of
G a sinking fund
4 said bonds; and
submission of this
people" approved
ID approved, rati-
lby the people of
mia at the general
be month of No
|, and known and
p Highways Act"
isions therefrom;
X, fixing the pay
| by counties for
herein; providin &
tnd sale of state
fund for the con-
bent and acqui-
portions of
pertain extensions
a revolving fund
state departm d en- t
1 the purposes of
I sinking fund for
u bonds; and pro-
hission of this act
4eople.
3 ate of California
;dfollows:
I'D created for the
Il Ipisition of a sys-
.ksy by an act en-
ping The construc-
ftenance and con =
Il state highways
lFofnia; specifying &
4 payments to be
4 moneys expended
the issuance and
to create Il fund
and acquisition
ing a sin kin g fund
said bonds; and
|u omission of this
people" approved
approved, ratified
beo"le of the State
b General election
e November. A. D.
cited as the "State
h.p inadequate to
>b 'ects of said act
rtions of said sys-
said state High =
certain extensions S
er specified shall
owed and acquired
,r provided by law
of en- gineering of
not to exceed fif-
For the purpose
, payment of The
/, improvem ent or
Y for ana IN com :
of said high ways
the fund created
ghways Act" the
is hereby author
I Qebtedness in the
u this act in the
op dollars.
: lthe issuance OF
The governor. as
IN of this act. the
c shall prepare fiji
,ble bonds of the
iii 1.-THE den omina
I'd dollars each, tc
"a 20 Is, 900 in clu.
e dale of the third
The total issue oi
It ex&eed the sun
lOllark and they
1t tnel rate of fou,
1T perl lannum from
; therAof. The sait
rest th ereon shall
coin Of the United
standard of value
of the treasurer
the option of the
II agenfy for the
n the City of New
New Ykrk, at the
inner following. tc
: hundred seventy.
shall bel due ano
day of July, 1928
eventy-fi five of saiC
e mum eri4al order
Fable on the thir6
h and ev&y yeal
including g he thirt
Che Interest," accru'
pnds that shall be
+ either at &he of
y of the stAte OIL
cy as the holder
bird day of @anu.
5y of Julv ofeacf
n the sale on tn {
On all bonds isSue6
le on the day\ OF
the said bonds\ Use
I'll on the day P1
aid as herein prf-
by the treasur&
'nds remaining e un\
te of the maturity
treasurer of tn
estroyed. All bonds
the provisions OF
ed by the COVER
countersigned BY
and endorsed by
and the SAID bond :
countersigned ano
ficers who are ir
day OF uly, 1917
D ds sh all have the
;tate of California
The said bonds
ed, endorsed anC
ovided, when sold
ltute a valid ano
apon the State oi
he sale thereof bo
ates after the per
/ tersigning & and en- E
( them, shall have
! lcumbents of said
to each of said
C interest coupons
same may be de
" to or nutilation
said coupons shall
m bered and shall
d signature of the
shall be in office
# July, 1917. No
id on any of SalC