Copyright
California Legislative Counsel Bureau California. Secretary of State.

Amendments to the Constitution and proposed statutes : with arguments ... online

. (page 11 of 36)
Online LibraryCalifornia Legislative Counsel Bureau California. Secretary of StateAmendments to the Constitution and proposed statutes : with arguments ... → online text (page 11 of 36)
Font size
QR-code for this ebook


and warrants are drawn and paid tor other state woik under
the control of the said department of engineering.

Sec. 5. For the payment of the principal and interest of
said bonds a sinking fund, to be known and designated as the
"San Francisco state building sinking fund" shall be and the
same is hereby created as follows: The state treasurer shall,
on the second day of January and on the seccmd day of July,
commencing on the second day of January, 1916, and there-
after on the second day of July and the second day of January
of each and every year thereafter in which a portion of the
bonds sold pursuant to the provisions of this act shall beamt ^
due, transfer from the general fund of the state treasiffy to the '
said "San Francisco state building sinldng fund" sudi in
amount of the moneys appropriated by this act as may be re-
quired to pay the principal and interest ef the bonds so be-
coming due and payable in such years. There is hereby appro-
priated from the general fund in the state treasury such sum an-
nually as will be necessary to pay the principal of and the inter-
est on the bonds, issued and sold pursuant to the provisioos of
this act, as said principal and interest becomes due and payable.
There shall be collected annually in the same manner and at
the same time as other state revenue is collected such a sum.
in addition to the ordinary revenues of the state as shall be
required to pay the principal and interest on said bcmds as
herein provided, and it is hereby made the duty of all officen
charged by law with any duty in regard to the collection of
said revenue, to do and perform eadi and every act wiiidi shall
be necessary to collect such additional sum.

Sec. 6. The principal on all of said bonds sold shall be
paid at the time the same becomes due from the said San
Francisco state building sinking fund and the interest on all
bonds sold shall be paid at the time said interest becomes doe
from said sinking fund. Both principal and interest shall be
so paid upon warrants duly drawn by the controller of the
state upon demands audited by the state board of control and
the faith of the State of California is hereby pledged for the
payment of the principal of said bonds so sold and the interest
accruing thereon.

Sec. 7. The state controller and the state treasurer shall
keep full and particular account and record of all of tbeff
proeeedlngs under this act. and they shall transmit to the
governor an abstract of all such proceedings thereundo*, with
an annual report to be by the governor laid before the legisla-
ture 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 govwuor, or the
attorney general, or a committee of either brandi of the
legislature, or a joint committee of both, or any citizen of
the state.

Sec. 8. This act, if adopted by the people, shall take
effect on the first day of December, 1914, as to all its pro-
visions, excepting those relating to and necessary for its sub-
mission to the people and for the returning, canvassing and
proclaiming the votes, and as to the said excepted provisions.
this act shall take effect ninety days after the final adjoiFnment
of this session of the legislature.

Sec. 9. 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, A. D. 1914.
and all ballots at said election shall have printed thereon the
words "For the San Francisco state building act" and in the
same square, under said words, the foQowing in brevier type:
"This act provides for the issuance and sale ot state bonds ti ^



ate a fund for the construction, erection, equipment, colh-
•tion and furnishing of a state building or buildings upon a
of land In the city and county of San Francisco, to be used
the oflBcers and departments of the state which are located in
d city and county of San Francisco." In the square imme-
itel^ below the square containing said words there shall be
nted on said ballot the words "Against the San Francisco
te building act" and immediately below said words "Against
! San Francisco state building act," in brevier type, shall be
nted "This act provides for the issuance and sale of state
]ds to create a fund for the construction, erection, equipment,
Dpletion and furnishing of a state building or buildings upon
lot of land in the city and county of San Francisco, to be
k1 by the officers and departments of the state which are
ated in said city and county of San Francisco." Opposite
i words "For the San Francisco state building act" and
gainst the San Francisco state building act" there shall be
t spaces In which the voters may stamp a cross indicating
ether they vote for or against said act, and those voting for
d act shall do so by placing a cioss opposite tlie words "For
) San Francisco state building act," and those voting against
d act shall do so by placing a cross opposite the words
gainst the San Francisco state building act." The governor
this state shall include the submission of this act to the



people, as aforesaid, in his proclamation calling for said general
election.

Sec 10. The vote cast for or against this act shall be
counted, returned and canvassed and declared in the same manner
and subject to the same rules as votes cast for state officers; and
If it appear that said act shall have received a majority of- all
the votes cast for and against it at said election, as aforesaid,
then the same shall have effect as hereinabove provided, and shall
be irrepealable until the principal and interest of the liabilities
herein created shall be paid and discharged, and the governor
shall make proclamation thereof; but if a majority of the votes
cast, as aforesaid, are against this act, then the same shall be
and become void.

Sec. 11. 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, if one be published therein, throughout this
sta^e, for three months next preceding the general election to be
holden in the month of November, A. D. nineteen hundred and
fourteen; the costs of publication shall be paid out of the general
fund, on controller's warrants, duly drawn for that purpose.

Sec. 12. This act shall be loiown and cited as the "San
Francisco state building act."

Sec. 13. All acts and parts of acts in conflict with the
provisions of this act are hereby repealed.



STATE FAIR GROUNDS BONDS.

)R THE STATE FAIR GROUNDS BONDS. [ ]

This act provides for the issuance and sale of state bonds in the sum of $750,000 for improvement
the state fair grounds at Sacramento, payable in fifty years, and bearing interest at four per cent.

5AINST THE STATE FAIR GROUNDS BONDS. [ ]
act to provide for the issuance and sale of state bonds to
be known as "state fair grounds bonds," to provide a
fund for the acquirement of additional land for the en-
largement and extension of the state fair grounds in the
city of Sacramento,, the erection of additions to buildings
now existing on said grounds, the erection of new buildings
thereon, the equipping of said buildings and the general
improvement and beautification of said state fair grounds
as a complete plant for the exhibition and exploitation of
the resources and products of the state; appropriating
the proceeds thereof for said purposes and providing for
the manner in which the same shall be expended; creating
a sinking and interest fund for the payment of interest on
said bonds and the redemption thereof, making an appro-
priation therefor and providing for the collection of reve-
nue for such purposes; making an appropriation for the
expense of preparing such bonds and providing for the
submission of this act to a vote of the people.

t people of the State of California do enact as follows:
Jection 1. For the purpose of creating and providing a
d for the indebtedness hereby authorized to be incurred,
hereinafter provided, the state treasurer shall immediately
T the issuance of the proclamation of the governor, pro-
•d for in section ten hereof, prepare one thousand five
dred suitable bonds of the State of California, in the de-
lination of five hundred doUai's each. Tlie whole issue of
I bonds shall not exceed the sum of seven hundred and
' thousand dollars, and said bonds shall bear interest at

rate of four per centum per annum from the date of
ance thereof, and both principal and interest shall be pay-
! in gold coin of the present standard of value, and they
U be payable at the office of the state treasurer, at the
Iration of fifty years from their date. Said bonds shall
r date the second day of July, 1915, and shall be payable
the second day of July, 1965. The interest accruing on
1 of said bonds as are sold shall be due and payable at

office of the state treasurer on the second day of January

on the second day of July of each year after the sale of

same. At the expiration of fifty years from the date of
1 bonds all bonds sold shall cease to bear interest and the
tc treasurer shall call in, forthwith pay and cancel the
le out of the moneys in the sinking and interest fund
vided for in this act. All bonds issued shall be signed
the governor, and countersigned by the controller, and shall

endorsed by the state treasurer, and the said bonds shall

80 signed, countersigned, and endorsed by the officers who

in office on the second day of July, 1915, and each of
d bonds shall have the seal of the state impressed thereon,
i said bonds signed, countersigned, endorsed and sealed as
ein provided when sold shall be and constitute a valid and
ding oUigation upon the State of California, though the



sale thereof be made at a date or dates after the person
signing, countersigning and endorsing, or any or either of
them, shall have ceased to be the incumbents of sudi office
or offices.

Sec. 2. Interest coupons shall be attached to each of
said bonds, so that sudi coupons may be removed without
injury to or mutilation of the bond. Said bonds shall be
consecutively numbered, and shall bear the lithographed signa-
ture of the state treasurer who shall be in office on the
second day of July, 1915. But no hiterest on any of said
bonds shall be paid for any time which may intervene between
the date of any of said bonds and the issue and sale thereof
to a purchaser, unless such accrued interest shall have been,
by the purchaser of said bond, paid to the state at the time
of such sale.

Sec. 3. The sum of two thousand five hundred dollars, or
so much thereof as may be necessary, is hereby appropriated out
of any moneys in the state treasury not otherwise appropriated
to pay the expenses that may be incurred by the state treasurer
in having said bonds prepared.

Sec. 4. Vihen the bonds authorized to be issued under
this act shall be duly executed, they shall be sold by the
state treasurer at public auction to the highest bidder for
cash in such parcels and numbers as shall be directed by the
governor of the state; but the state treasurer must reject any
and all bids for said bonds, or for any of them, which shall
be below the par value of said bonds so offered plus the interest
which has accrued thereon between the date of sale and the
last preceding interest maturity date and he may, by public
announcement, at the place and time fixed for the sale, con-
tinue such sale, as to the whole of the bonds offered, or any
part thereof offered, to sudi time and place as he may select.
When a sale is continued, as herehiabove pro\ided, no notice
need be given other than the public announcement of the con-
tinuance, as hereinabove provided. Before offering any of
said bonds for sale, the said treasurer shall detach therefrom
all coupons which have matured' before the date fixed for such
sale. Due notice of the time and place of sale of all bonds
must be given by said treasurer by publication in one news-
ps^er published in the city and county of San Francisco, and
also by publication in one newspaper published in the city of
Oakland, and by publication in one newspaper published in
the city of Los Angeles, and by publication in one newspaper
published in the city of Sacramento, once a week during four
weeks prior to such sale. In addition to the notice last above
provided for the state treasurer must give such further notice
as he may deem advisable, but the expenses and costs of such
additional notice shall not exceed five hundred dollars for
each sale so advertised. The costs of sudi publications shall
be paid out of any moneys In the state treasury not otherwise
i4)propriated <m controller's warrants duly drawn for such
purpose. The proceeds of the sale of such bonds, except

Thirty-^



Such amount as may have heen paid as acerued Interest
thereon, shall be forthwith paid over by said treasurer into
the state treasury, and must be by him kept in a separate
fund, to be known and designated as the "state fair grounds
fund" which fund is hereby estsbUsbed. Any and all sums
which may have been paid as accrued iotsrest ab»U be fortb-
with paid over by said treasurer into tbe state treasury, and
must be by tUm kept in a separate fund to be known and
designated as the "state fair grounds sinking and interest
fund," which fund is hereby established.

Sec. 5. Any and all mooeys derived flrom the sale of the
bonds provided for in this act, are hereby i4)propriated and
shall be used exclusively for the following purpose, to wit:
For the acquiring of additional land for the enlargement and
extension of the state fair grounds in the city of Sacramento^,
the erection of additions to buildings now existing on said
grounds, the erection of new buildings on said grounds, the
equipping of said buildings and the general imin'ovement and
beautiflcation of said state fair grounds as a complete plant
for the exhibition and exploitation of the resources and products
of this state. The funds herein appropriated shall be expended
under the direction and control of the state board of agricul-
ture; provided, that the plans and specifications for the erection
of additions to existing buildings and for the erection of new
buildings and for the improvement and beautiflcation of said
state fair grounds shall be prepared by the state department of
engineering subject to the approval of the state board of agri-
culture, and all work at said state fair grounds to be paid for
from the funds created by this act shall be carried out in ac-
cordance with the generd law governing the construction and
prosecution of all public work for the State of California.

Sec. 6. There is hereby appropriated out of any moneys in
the state treasury not otherwise appropriated, the sum of twelve
thousand five hundred dollars annually, to pay the principal of
the bonds issued and sold pursuant to the provisions of this act.
Said annual appropriation to continue until the same, together
with the accrued interest on the investment thereof, shall be
sufficient to pay the principal of said bonds at the maturity
thereof. There is also hereby appropriated out of any moneys
in the state treasury not otherwise appropriated, such sum
annually as will be necessary to pay the interest on the bonds
issued and sold pursuant to the provisions ci this act. There
shall be collected annually in the same manner and at the same
time as other state revenue is collected such a sum, in addition
to the other revenues of the state, as shall be required to pay
the principal and interest on said bonds as herein provided and
it is hereby made the duty of all officers charged by law with
any duty in regard to the collection of said revenue to do and
perform each and every act which shall be necessary to collect
such additional sum. On the 2d day of January and on the
2d day of July of each year, after the sale of any bonds as
herein provided for, the state treasurer and state controller
shall transfer from the moneys hereby appropriated to the state
fair grounds sinking and interest fund, a sufficient sum of money
to pay all interest due and payable on any bonds sold, and said
transfer shall continue to be so made up to the date of maturity
of such bonds and it shall be the duty of the state treasury to
pay the same when the same shall fall due. On the first Mon-
day in July of each year, after the sale of any of the bonds as
in this act provided, the state controller and the state treasurer
are hereby authorized and directed to transfer the moneys hereby
appropriated for the payment of the principal of said bonds to
the said state fair grounds sinking and interest fund. The



moneys so transferred to the said state fair grounds sinking and
interest fund for the payment of the principal of said bonds,
shall be invested from time to time by the state treasurer io
United States, state, county, city ai}d county, municipal or
school district bonds Issued in the State of California, and socb
ether hoods ai are now er may hereafter be authwized by Inr.
All interest payable on such bonds so invested shall be paid
into the said state fair grounds sinking and interest fund and
be applied and held for the payment of the principal of said
bondte or reinvested in other bonds for the payment of sudi
principal, as herein provided. The principal of all said bonds
sold shall be paid at the time the same becomes due, from tbe
state fair grounds sinking and interest fund and Uie interest
on all bonds sold shall be paid at the thne said interest becomes
due trom said fund and the faith of the State of California is
hereby pledged for the payment of the principal of said bonds
so sold and the interest accruing thereon. The state controller
and the state treasurer shall keep full and particular account
and record of all their proceedings under this act, and tfaey
shall transmit to the governor an abstract of all such proceed-
ings thereunder, with an annual report, to be by the governcH'
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 tbe
governor, or the attorney general, or a committee or either brancb
of the legislature, or a joint committee of both, or any citizen
of the state.

Sec 7. When the bonds provided for this act are re-
deemed, the state treasurer shall maris the same cancelled, and
shall, in the presence of the governor, destroy the same by
burning the said bonds.

Sec. 8. This act, if adopted by the people, shall take effect
on the tbirty-Arst day of December, 1914, as to all its provisions
excepting those relating to and necessary for its submission to
the people, and for returning, canvassing and proclaiming the
votes, and as to said excepted provisions this act shall go into
effect ninety days after the final adjournment of the session of
tbe legislature passing the same.

Sec. 9. This act shall be submitted to the people of the
State of California for their ratification at the next general elec-
tion to be holden in the month of November, nineteen hundred
and fourteen, and all ballots at said election shall have printed
thereon the words "For the state fair grounds bonds" and sndi
.other designation as may be necessary to properly identify this
act. In a square immediately below the square containing said
wwds there shall be printed on said ballot the words "Against
the state fair grounds bonds." Opposite the words "For the
state fair grounds bonds" and "Against the state fair grounds
bonds," there shall be left spaces in \diich the voters may make
or stamp a cross to indicate whether they vote for or against
this act, and those voting for said act shall do so by placing a
cross opposite the words "For the state fair grounds bonds" and
those voting against said act shall do so by placing a cross oppo-
site the words "Against the state fair grounds bonds." Tbe
governor of this state shall include the submission of this act to
the people as aforesaid, in his proclamation 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
and subject to the same rule as votes cast for state officers; and
if it appears that said act shall have received a majority of all
of the votes cast for and against it at said election as aforesaid,
then the same shall have effect as hereinbefore provided and shall
be irrepealable until the principal and interest of the liabilities
herein created shall be paid and discharged, and the governor
shall make proclamation thereof; but if the majority of the vot(»
cast aforesaid are against this act then the same shall be ana
become Toid.



SAN FRANCISCO HARBOR IMPROVEMENT ACT OP 1913.

FOR THE SAN FRANCISCO HARBOR IMPROVEfVIENT ACT OF 1913. [ ]

This act provides for the improvement of San Francisco harbor and for the payment of all costs
thereof out of San Francisco harbor improvement fund.
AQAINST THE SAN FRANCISCO HARBOR IMPROVEMENT ACT OF 1913. [ ]

This act provides for the iniprovement of San Francisco harbor and for the payment of all costs
thereof out of tli& San Francifioo harbor Improvement fund.

An a£t tt proside liar tbe issuance and sale af state bonds to sand dollars for the expense of printing said bonds; md to
create a fund ta the Inumnronent of San Bteneisee harbor by provide for the submissioo of this act to a vote of the people,
the constructifiQ !jy the board of state harbor eonmiissiQnera of j^ ^ j^ ^y ^ g^^tg ^f California do enaet as foUows:
wharves, piera* state EailMail qiurs, betterments, and appurte-
nances, and necessary dredging and filling in conneetioD there- Seetion 1. For tbe purpose of providing a fund for the pay-
with in the dty and comty of San J^ancisco; to create a sinking ment of the indebtedness hereby authorized to be incurred by
fund for the payment of said bonds; to ddSne tbe duties of state the board of state harbor commissioners for the erection «
^effieen in relatton tbveto; to make an uggnghatiaa of flw tbtii- vbarvea, pien, aeawall, state railroad, spurs, betterments and



appurtenances and neeessaiy dredging and fllUog In eogM^tSon
therewith in the city and county of San Francisco, at a cost
not to exceed ten million dollars (which said wharves, piers,
seawall, state railroad, spurs, betterments and appurtenances
and necessary dredging and filling in connection therewith the
board of state harbor commlssionen are hereby empowered to
construct and do in the manner authoriaed by ]aw> and at a
cost not to exceed ten million dollars), the stata treaBurer shall.
Immediately after the issuance of the proclamation of the gm-
eraor, provided for in section ten hereof, prepare ten thousand
suitable bonds of the State of Califomia, in the denomination
of one thousand dollars each. The whole issue of said bonds
shall not exceed the sum of ten million dollars, and said bonds
shall bear interest at the rate of four per centum per annum,
from the date of issuance thereof, and both principal and in-
terest shall be payable in gold coin of the present standard
value, and they shall be payable at such place in the United
States as may be designated in the txmds (full authcHity to
designate such place being hereby conferred on the governor
who shall sign said b(»ids), at the expiration of seventy-four
years from their date, subject, however, to redemption by lot
as in this act hereinafter provided. Said bonds shall bear date
the second day of July, A. D. nineteen hun(k%d and fifteen,
and shall be made payable on the second day of July, nineteen
hundred and eighty-nine. The interest accruing on such of
said bonds as are sold, shall be due and payable at the place
designated in said bonds as aforesaid, on the second day of
January, and on the second day of July, of each year after the
sale of the same; provided, that the first payment of interest
shall be made on the second day of July, nineteen hundred and
sixteen, on so many of said bonds as may have been theretofore
sold. At the expiration of seventy-four years from the date of
said bonds, all bonds sold shall cease to bear Interest and like-
wise all bonds redeemed by lot shall cease to bear interest as
in this act provided, and the said state treasurer shall call in,
forthwith pay and cancel the same, out of the moneys in the
third San Francisco seawall sinking fund provided for in this
act, and, he shall on the first Monday of July, nineteen hun-
dred and eighty-nine, also cancel and destroy all bonds not



Online LibraryCalifornia Legislative Counsel Bureau California. Secretary of StateAmendments to the Constitution and proposed statutes : with arguments ... → online text (page 11 of 36)