Imperial Valley press., 1916-09-01

INV OIStl uCIlOu 1L
such system; creatlr
for the payment Of
providing for the 5,
act to a vote of thd
March %, 1909. a1t
fled and adopted II
the State of Califo1r
election held in tn
vember. A. d. 1910,
cited as the "State
and certain exteus
specifying the work
ments to be madeI
moneys expended |.
for the issuance /
bonds to create a Il
struction, improve4l
sition of the uncont
said system and b
therefrom; creating
to be used by tn eI
of engineering fof
this act; creating !
the paym ent of sal =
viding for the subj
to a vote of the
The people of the 81
do enact asd
Section /. The fun
construction and acq)
tenn of state highwat
titled "An act authoriE
ton, acquisition, matt
troll of a system OF
in the State of Call
the work, fixing thS
made by counties fo1
therein; providing for
sale of state bonds
for the constructors !
Of such system; creati
for the payment Of
providing for the 3u
act to a vote of thei
March %, 1909, andt;
and adopted by the b,
of California at thh
held in the month df
1910, and known and {
Highways Act" beih
fully carry out the bl
the Spcompleted poFt
tenn pNescribed by Is
ways Act" and fe
therefrom hereinafte
be constructed. impfo
as and in the mannel
by the depaNment {
said state at cost
teen million dollars
of providing fok tn
cost of construction,
acquisition necesAaty
pleting said systAt
and supplem entin I'd
by said "State HYg
State Of California; !
lied to incur an il
manner provided M
sum of fifteen mill o
Imm ediately after
the proclamation Of
provided in Section ]
| treasurer of the staf G
teen, thousand suith /
state of California;
ton of one thNousat
be numbered from &
,ive, and to bear tile
day of July, 1917. II
said bonds shall nbt
of fifteen million III
shall bear interest at
and one-half per cen
the date of issuancf
bonds and the inter
he payable in gold lc,
states of the present
either at the OFFICE
Of said state or. at
holder, at the fiscal |
State of California In
York in the State OF
times and in the ma
wit: The first three
five of said bends
payable on the third
and three hundred SIC
bonds in consecutive
shall be due and par
day of July in each
thereafter until and d
day of July, 1862. Tl
in" on all of said bp
| sold shall be payable
flee of the treasureS
at said fiscal agenc
may elect. on the th
ary and the third da,
and every year alto
same. The interest q
and sold shall ceass
their maturity and I
issued and sold sh al
tn cir maturity be pa
vided and Cancelled
Of said state. All boi'
sold shall, at the dat
thereof be by the
state Cancelled and de
issued pursuant to
this act shall be sign
nor of this state,
the state controller !;
the state treasurer, a.
shall be so signed. &
endorsed by the off
office on the third 4
and each of said bon
great seal of the ST
impressed thereon.
signed, countersigns'
sealed as herein pro
shall be and constit
Ablnding obligation y
lCalifornia, though th
made at a date or da
son so signing, count
dorsing, or either Of
ceased to be the in
office or offices.
Sec. 2. Appended
bonds there shall lfe
so attached that the
tached without injury
of said bond. The Isl
be consecutively npr
bear the Autographed
state treasurer who
on the third day pr
interest shall be p$it
bonds for such timf
between the date OF s
date of sale th eredf,
Crued interest shall II
purchaser of said bo
state at the time Of
Sec. 8. The legislPt
by appropriation Suf
defray all expenses
CURED by the state
preparation of said |
advertising of the Asa
this act provided,
Sec. 4. When thu
by this act to be isSu Q
signed, countersigned
scaled as in Section
state treasurer shail
SuCn parcels anu iluit
ernor of the state Sh
highest bidder for CT
nor of the state shall
treasurer such direct
after being requested
and by a resolution I
passed by a majority
ory board of the DEP
neering. Said resolut
the amount of none
judgment of said adv
be required at such II
ernor @of the state sha
treasurer to sell such
bonds as may be requ
q amount of money ano
shall be sold in const
order commencing WI
hundred seventy-five
I've, ct,eo~ e.ho11 not