The Bakersfield Californian from Bakersfield, California on October 26, 1908 · Page 10
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The Bakersfield Californian from Bakersfield, California · Page 10

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Monday, October 26, 1908
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1 J • THE BAKERSPIELD CALIPOB NIAN. LEGAL. LEGAL. 1 LEGAL. lion of Its capital stork, or two thirds of the members thereof. A ctr- tiflcnte of s'K'h vote or <'<>nKent shall be signed and sworn to by the president" iind secretary, and .by a ma- of tlie directors of the corpora- and file<} nml certified in the r Mini upon payment of fees red l>y law for filing and certify- rticles of iiK-orporiiUon, and iij"'!! tin* term of the corpora- k!!i!| ! '"' '^"'H'^'d for the period in MUli * crfiflcate. and dji shall ih« reaftcr pay annual or niher fees required by to be paid by c I ng o ' nil law SENATE CONSTITUTIONAL AMENDMENT NO. CHAPTER 28. Senate Constitutional Amendment No. 32. A resolution to propose to the people of the State of California an amendment to the constitution of the state by adding new section thereto to be numbered section 23a of article four thereof relating to limitation of the ex- ASSEMBLY CONSTITUTIONAL ANTE NOME NT WO. 3. CHAPTER 19. Assembly Constitution. al Amendment No, 3. Resolution to amend section 2'/ 2 of article 2 of the constitution. Adopted MUrch 6. 1907. The legislature of the State or California. at UK thirty-seventh session, commencing on the 7th day of January, nineteen hundred and seven, two- thirds of all the members elected to each ol the two houses of said legislature voting in favor thereof, hereby proposes that section of the constitution of California he amended * I M (()llo W S * "section "ty*. The legislature shall have the power to enaet laws relative to the election of delegates to con- propose that eoction seven of article nine of the constitution of the State of California he amended so as to read as follows: Section The state board of edu- of article the State of so as to read i cation shall consist of the following members: 1. The governor. 2. The superintendent of public Instruction. 3 A reprcsetitJiMve of the state un- Iverslty, selected by the president thorof. 4. A representative of the Loland Stanford Jr. I'uiversity, selected by the president thereof. ft. A representative of fhe stale normal schools, selected by the presidents thereof. <». A practical Business man, not directly connected with nny school, selected by the governor. governor, provided for in section 10 hereof, a two thousand suitable LEGAL. bonds of the State of California, in the denomination of one thousand dollars ciJoK The who'e issue of said ** tK.nds yhall not exceed the sum of two million dollars, aiH caid bonds shall bear interest at the rate of four per centur per annum, from the time of the sale thereof, and both principal and interest shall bo payable in gold coin of the prf sent standard value, and tln-y shall lie payable at the office of the state treasurer, at the expiration of nineteen years from their date, subject, however, to redemption by lot as in this net hereinafter provided. Said bonds shall bear date the second day of January, A. D. nineteen hundred and nine, and shall be rilade payable on the second day of January, nineteen hundred and twenty-eight A. D. A representative of the rural The Interest accruing on such of said volitions of political parties; and the schools, selected by the county super-'bonds as are sold shall be due and legislature shall enact laws providing 1 for the direct nomination of candidates for public office, by electors, po- { lltical parties, or organizations of electors intendents at the superintendents' bi- enntal convention. 8. A representative of the city schools, selected by the city superin- , , without conventions, at elec tendents at the superintendents' bi- of employees of the senate ' u O ns f to be known and designated a& ennial convention. r ' and assembly. Adopted March 11. 1907. The legislature of the State of California, at its regular session, com primary elections; also to determine the testa and conditions upon which electors, political parties, or organizations of electors may participate In he seventh day of Janu-lany such primary election. It shall hundred and seven, also be lawful for the legislature to two-thirds of all the members elected to each of the houses of said legislature voting in favor thereof, hereby Drouose that a new section be added f ~ . • I • f+ A _ A — M prescribe that any such primary elec tlon shall ho mandatory and oblige tory. The legislature shall also have the power to establish the rates ot to the constitution of the State ot'compensation for primary election of. be numbered section no.ers serving at such primary elec- fwenty-three a of article four thereof, to road as follows: Section 23a. The legislature may also provide for the employment of or county, or other subdivision of a designated population, without making such compensation uniform, and help' but in no case shall" the total! for such purpose such law may de- expense for officers, employes ant) at-{dare the population of any city, city tache* exceed the sum of live hundred land county, county, or political BUD- dollars po r day for either house, at {division. Provided, however, that un payable at the office of the state treasurer 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 January, 4. D. nineteen hundred and ten, on so many of said bonds as may have been theretofore sold. At the expiration of nineteen years from the date of said bonds, all bonds shall cease to bear interest, and likewise all bonds redeemed by lot shall coase 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 second San Francisco seawall sinking fund provided for in this act, and he shall, on the first Monday of January, nineteen hundred and twenty-eight, also cancel 'and destroy all bonds not theretofore sold. All bonds issued shall be signed by the governor, and counter-signed by the controller, and shall be endors- ,„ — .^ D « v««» „,». .ed by the state treasurer, and each Fhe legislature shall provide shall have the seal of the state stamp- 9. A representative of the polytechnic schools, selected by the principals of the polytechnic high schools receiving state aid. The state board of education snail compile or adopt a uniform system of text books for use in the day and evening elementary schools throughout the state; and shall perform such other duties as may be prescribed by law. The legislature shall provide for the printing and publishing of such text books, when adopted, by the superintendent of stnte printing at. the state printing office, and, when so printed and published, to be distributed and sold at the cost price of printing, publishing, and distributing the same. The text-books so adopted shall continue in use not less than four years. . ^ U4o 4i ^ _ & .„.„„..,, „„„„ ,,.„,•«*,,— .- anv regular or biennial session, nor' til the legislature shall enact a direct, for n boanl of education in each coun- ed thereon. Each bond shall contain - " "" 111 "" **"* u '" ™ MM * *~ *~i~™~the sum of two hundred dollars per J primary election law under the Pro day for either house at any special i visions of this section, the present or extraordinary session, nor shall; primary election law shall remain in the pay of any officer, employe or at-! force and effect. tache be increased after he IB elected or appointed. SENATE CONSTITUTIONAL AMENDMENT NO. 33. ASSEMBLY CONSTITUTIONAL ty In the state. The county superin tendents and the county hoards of education shall have exclusive control 1 of the examination of teachers, ant] the granting of teachers' certificates within their respective jurisdiction. AMENDMENT NO. 7. CHAPTER 22. Assembly Constitutional Amendment No, 7. Adopted March 8, 1907. The legislature of the State of California, at ita regular session, commencing on the seventh day of Janu CHAPTER 39. Senate Constitutional Amendment No. 33. A resolution to propose to the people of the State of California an amendment to the constitution of said state, amending ~ ry A p nineteen hundred and seven, Article XII thereof, by amending two '. ta 't r ds of all the members elected to each of the houses voting in favor thereof, hereby propose that section five of article eleven of the constitution of. the State of California be i r » » » ' ir-* ^* ^ - • • — - - — — - § — ^ ^ section HI thereof, relating to the liability of stockholders of a corpor- atlon or joint-stock association. Adopted March 14, 1907. ASSEMBLY CONSTITUTIONAL AMENDMENT, No. 28. Constitu clause that it is subject to redemption by lot after the year nineteen hundred and eighteen. SEC. 2. Interest coupons shall be attached to each of Bald bonds, so that such coupons may be removed without injury to or mutilation of the bond. Said coupons sball be consecutively numbered, and shall be signed by the state treasurer. But no interest on CHAPTER 46. Assembly tlonat Amendment No. 28. tion to pro POM to the people of the State of California an amendment to section 16 of article 4 of the constitution, in relation to the approval any of said bonds shall be paid for uonsuiu-1 any tirae wn | Cn mfl y intervene be- A resolu- tween the date of any of said bonds and the issue and sale thereof to a purchaser. into said seawall sinking fund, an amount equal to the monthly interest then due on all bonds then sold, delivered and outstanding. The board of state harbor commissioners are hereby authorized and directed by the collection of dockage, tolls, rents wharfage and cranage to collect a sum of money sufficient for the purposes of this act, over and above the amount limited by section two thousand five hundred and twenty-six of the Political Code of the state of California. Between the flrwt and tenth day of November, in the year nineteen hundred and eighteen and between the first nnrt tenth day of November of each year thereafter until the maturity of said bonds tho said treasurer shall, In the presence of the governor, proceed to drawn hy lot such an amount of bond* as shall bo required to exhaust as nearly as may be the amount In said sinking fund at that time, and shall thereupon and before the tenth day of December following, give notice by public advertisement to be inserted twice a 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 in one newspaper published in the city of Sacramento, stating the number of bonds so drawn and that the principal of said honds will be paid on presentation to the treasurer on or before the second day of January, following, and that from and after such last named date, all interest upon honds thus drawn shall cease, and it shall be the duty of the treasurer afi soon as said bonds so drawn by lot are surrendered to him and paid to cancel the same, and the interest coupons thereon, and each year be« ginning with the year nineteen hundred and eighteen, the said treasurer shall, in the manner aforesaid, proceed to draw by lot such an amount of bonds as shall be requisite to exhaust as nearly as may be the amount in said sinking fund, and proceed in the manner herein above stated. After the payment of all said bonds, the surplus or balance remaining in said sinking fund, if any there be, shall forthwith be paid into the San Francisco harbor improvement fund. At the time of the respective drawings and cited aa the "Second San Francisco Seawall Act." SBC. 13. All acts, ami parts of acts in conflict with the provisions of this act are hareby repealed. 1 ' SBC. 3. The sum of one thousand amended BO as to read as follows: Section 5. The legislature, by gen eral and uniform laws, ah ^ ;>»•(•; i \ e o ..I tl.f t!St The Ifftifilature of the State of California, nl Us thirty-seventh session, commencing tho seventh day of January, 1907, two-thirds of all the mem- for tne election or appoi ber s elected to each of the houses | lne BKV eral counties, of boards of su of said legislature voting In favor || A > rv isorH. sheriffs, county clerks, thereof, hereby propose that Article j ( ustvi<-t attorneys and such other XII of the constitution of tho Stale > W)Un ty, township, and municipal of- of California bo amended by amend- (n ,, (TH a .s public convenience may re- ing section 3 thereof, so as to road q1 ,j r0i and shall proscribe their duns follows: Section 3. Kneh stnrkh'dder "f a corporation , or joint-stock association, shall bo indu (dually and JUT sonally liable I'm* such proportion of all ita* debts and lialtiliti-s contracted or incurred, duriui; (In- tint*' In- wa ,a stockholder, as the ntvount o! stock or shares own'-d t>\ him ln-ars tn tin- whole of the subs'-jih-d ' ajdtal sto,-U. or shares of tho corporation or association. The dii'«" 'T«n> "r 'rusteer o! corporation^ and join tlons shall be jointly able to the creditors for all niouejy eniln'//.li proprlated by the otn< • r- poration or joint-stor 1: during the term o!' oir rector or trust* e. Not hint; in Hi** ]>re< -e of this section shall In to any exposition comp i.iy to promote and <'MiTy m\ tioiml exposition or worl in tho State of Calit'orn liability of stockholders exposition company shall is hereby limited tn or and the exercise of the veto power. Adopted March 14, 1907. Uesolve<l by the assembly, the senate concurring, That the legislature of i ttley and Ox their terms of oiUco. It Shall regulate the compensation of all Isucli oHirers, in proportion to duties, ; and may also establish fees to bo ihariied ami collected by such oflleers !i.r sei vices poilormed in their re- dices, in the manner and • s piovided hy law, an,I lor purpose uuiy classify Ihe counties po] illation; and it shall provide ihe strict accountability of county township otlieers tor all I'OOH which may he colle-cted by them, and and return of bills by the govern- £ ltora ifi te «by appropriated to pay ' • the expense that may he incurred by the state treasurer in having said bonds prepared. Said amount shall be paid out of the San Francisco harbor improvement fund on controller's warrants, duly drawn for that purpose. SEC. 4. When the honds authorized to be iMHued under this act shall be duly executed, they shall be by the state treasurer sold at public auction to the highest bidder for cash, in such all nrovide the State of California, at its thirty- iitmonf in H *- v t-iUn session, commencing on the «™ "f en. ™* <*i\y of January, nineteen hundred and seven, two-thirds of all the mem bers elected to the two houses of said legislature voting in favor thereof, hereby proposes that section 16 of ar- by lot, as aforesaid, and also at the! maturity of said state bonds, said treasurer shall sell the United States or other bonds then In said sinking fund, at government market rates, after advertising the sale thereof in the manner hereinbefore 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 shall pay and redeem said matured outstanding bonds out of said moneys in said fund in extinguishment of said bonds on controller's warrants duly drawn for that purpose. SENATE BILL No. 812. CHAPTER 431, An act to provide for the issuance and sale of state bonds to create a fund for the acquisition by the board of state harbor commissioners of a necessary area for a tidal basin for wharves, piers, harbors, and appurtenances In the city and county of San Francisco; to create a sinking fund for the payment of said bonds; and defining the duties of state officers In relation thereto; making an appropriation of one thousand dollars for the expense of printing said bonds; and providing for the submission of this act to a vote of the people. Approved March 21, 1907. (As amended at Extra Session by Senate Bill No. 7.) SENATE BILL. No. 7. CHAPTER 4. An act to amend section five of the act entitled "An act to provide for the issuance and sate of state bonds to create a fund for the acquisition by the board of state harbor commissioners of a necessary area for a tidal basin for wharves, piers, harbors, and appurtenances In the city and county of San Francisco to create a sinking fund for the payment of said bonds;; and defining the duties of state officers tn relation thereto; making an appropriation of one thousand dollars for the expense of printing said bonds; and providing for the submission of this act to a vote of the people," .approved March 21, 1907, relating to the redemption of such bonds and creating a sinking fund for such purpose, and adding a new section to said act to be numbered section 10'/ 2 » relating to the public*, tlon of said act, and providing for the payment of the cost of publication of the same. Approved November 23, 1907. The people of the State of California, represented in senate and assembly, do enact as follows: Section 1. For the purpose of providing a fund for the payment of the indebtedness authorized to be incurred hy the board of state harbor commissioners for the acquisition of tho necessary area for a tidal basin extending of the area of India basin on the water front of the city and county of San Francisco, as provided fn an act entitled "An act to authorize and direct the board of state harbor commissioners to institute condemnation proceedings against certain property north of India basin and extending to Islais Creek in the city and county of San Francisco, and extending their jurisdiction over the same, and providing for the payment of judgments * rfft * 4 • ^m K ^ M ^ ^m SEC. 6. The state controller and from the proceeds of bonds issued and the state treasurer shall keep full and parcels and numbers as said treasurer particular account and record of all tide 4 of the constitution of the State *hall be directed by the governor of their proceedings under this act, and they shall transmit to the governor an abstract of all such proceedings there- under, with an annual report, to be of California be amended so as to read as follows: Section ItJ. Ewry »>1I] which nmv state, under seal thereof, after a resolution requesting such sale shall have been adopted by the board of have passed the. le^laturo nhall, be-: Ktutt> harbor commissioners; but said fore It becomes-a law, be presented to treasurer must reject any and all bids r I ^^ _ ^ ^ .^ .A m^ ^ i>y tor shall lor \vhi< I) ;,11 public and ma h municipal paid lo them, Jin- tfovornor. If hr approve it, he shall sign it; hut if HOT. ho shall return it. with his objections, to tho in which if .originated, which enter su'-h objections upon the. .Journal and proceed to reconsider it. ff. after such recommendation, it a*;ain : P;IHS boll) houses, by yeas anil nays,; two-thirds of the members elected toj moneys each house voting therefor, it shall be- i HI nii i: ap ot sin h ' ( r- a-.;-nt in' ion ot '• ui h d ! m;u ki Id *i r.a '::i j., not exceeding die par \a Htock of said ' "i poration for b\ such sto \ Mil* !' lair \\ and th- anv >ur h & l.'e and 'Inan amount 111 • of tile suh«' rili' d SENATE CONSTITUTIONAL AMENDMENT NO. 34. CHAPTER 31. Senate Constitution-)! Amendment No. 34. A resolution to propose to the people of the State of California the amendment of section 26 of article IV of the constitution of said slate, relating to lot and to fictitious sales of cor- etc. March 1 1, 1!«"7. • • Senate the porate stock, Atloptt'd b\ or olHe- possession. H i emulate the r'omp"USation of and trial jurors in all courts \\i\\\\\\ ihe classes of counties herein permitted in lit* made; such compensation, however, shall not.- in any ;-ia-.i exceed I lie SllID ot tlll'ee lav and * ASSEMBLY CONSTITUTIONAL AMENDMENT NO. 8. CHAPTER 21. Assembly Constitutional Amendment No. 8. Resolution to amend section six of article nine of the constitution of California. Adtmie i March «1. ll»i»7. The I'^islaturc <»f the State of Cal- i*oiaia. at its ;;7th session, commene- ;:.:, on ti.e 7th day of January, li»"7, iv.«.thinU "t all tiie members elected to ea;'h of the two houses of said le.g- MUU!" votiiiK in favor tin hy propose that section six nine of th^constltnUon of tht! State ol' California he amemU'd to road as follows: tVdion i). The public school sys- j w j ljr |, ,j, ( trm shall incUule .lay and ov«niii.K tl- emeniary schools, and such day and evtniliiff * secondary sclnH>ls, normal Kchools, and technical schools as may i come a law. notwithstanding the pov- for said bonds, or- for any of them, which shall be below the par value of said bonds so offered; and he may, by pnbHc announcement at tho place and time fixed for the sale, continue such sale, as to tho whole of tho bonds offered, or any part thereof offered, to such time and place as he may select. Due notice of tho timo and place of sale of all bonds must be given by said treasurer by publication In two newspapers published In the city and county of San Francisco, and also by pun- licatlon lu one newspaper pul»llsh*d in tho city of Oakland and by publication in one newspaper published in the city of Ix>s Angeles, and by publication in one newspaper published In the city of Sacramento, once a week during four weeks prior to such sale. The costs-of such publication shall be paid out of the San Francisco harbor improvement fund, on controller's warrants duly drawn for that purpose. Tho manner as if it' Proceeds of the sale of such bonds him before ad-! sna ^ ' je forthwith paid over by said journment. (f any ' MM presented to i treasurer into the treasury, and must governor contains several items ofl bo b - v him kept ln a HO P"™to fund to sold under the provisions of an act entitled, "An act to provide for the Issuance and sale of state bonds to create a fund for the acquisition by the board of state harbor commissioners of a necessary area for a tidal by tho governor laid before the leg-;ba«in for wharves, piers, harbors, and appurtenances in the city and county of San Francisco; to create a sinking fund for the payment of said bonds; and defining tho duties of state officers in relation thereto; making an appropriation of $1000 for the expense of printing said bonds; and providing for the submission of this act to a vote of the people." the state Mature 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 governor, or the attorney-general, or a committee of either branch of the legislature, or a joint committee of both, or any citizen of the state. re- • eruor's objections. If ati\ bill shall ! not be returned within ten days after it shall have been presented to him (Sundays excepted), the same shall become a law In like manner as if he had simie 1 it, unless the legislature, by adjournnyui, prevents turn, in which case it shall not a law, unless ihe governor, within ; ihiriy days after such adjournment -, (Sundays excelled i, shall sign and de- j posit the samy in the oftk-e of (he sec- j ivtary of stale. j n which case ir shall i become ;t law itl llkt i had been signed bv SEC. U shall be the duty of the' treasurer shall, immediately after the 1 issuance of the proclamation of the governor, provided for in section 10 i i appropriation of money, lie mav object' be Un(jwn aml designated as the "Soc- to one or more items, 'while ap'provintr i on<! San Francisco Sejiwall Fund," and other portions of the bill In such inUBl bt * used tlxclt > MiveI y for the con- case he shall append to the bill at the time of signing It a statement of the , items to which be objects, and the I reasons therefor, and tho approprla- I t ions so objected to shall not take ef- tfect unless passed over the governor's veto, as hereinbefore provided. If the legislature be In session, the governor shall transmit to the. house in bill originated a copy of such statement, and tho items so objected to shall bo separately reconsidered in the same manner a.s bills p -,vii up 11 L i .1 i -»• »?>\iiinii»T - n*t»i«',...,..---—- My M.i.cumim, hat the le^Uiure 01 established by the lo K lslature, or the State ot (alumina, at it,, ivguJan. municipal or district authority, session, cummeih-Mi^ ou Uu* 7ih day i v u ' rovl , UUe derived from the of Junuuvy U»n7, t«,. third, "»' ^ I suuo school mud and from tho Ren- members elected -u ,,,,-h ot d,o two I;'! * tfttp ^lool tux shall be applied bouses vounu in t.i\oi th.-reof. hereby l . .!...?,,.„.„. ,' Hll , unnnovt iif duv and , which have been disapproved by the members elected 'n i-aeh bouses votinu in t.iuu proposes thai set timt :>; ot the constitution <si California bo au» n.'n as follows: Section -»; Thiu* JjOSVel 1 ti) ;, or gift emerpive, |, M and shall pass laws i<» sale in this state of lotu terpHso tickets, or ii< BCheUle In the nature of a legislature shall puss Ui\\ the fictitious buying and tlie shares of the capital po rations in anv stock > exchange or control of any eorponiHor tion. AH contracts for th or galo of shares of the i of the two hereby MI article 1\ \ lie State oi o it^ to '".;;mnv I en- an ny prohibit ; or gift s in ottery. The \n prohibit l)iug of <T cor- . stock the »\ a stun- hi - pun-has pital evening oloinoutary schools; but the U-Klslaturo may authorize and cause to be levied a special stato tax ior the support of day and evening secondary schools, and technical M Uools or tether of such schoolB, in- dudod in tho public Ki-Uool system, and aH revenue derived from such rial tax shall be applied exclusive- the support of the. .schools for surh apodal tax shall be levied. governor. SENATE BILL No. 461. CHAPTER 424. An act to provide for the issuance and sale of state bonds to create a fund for the construction by the board of state harbor school commissioners of wharves, piers, struct Ion of wharves, piers, seawall, stute railroad, spurs, and appi;:o.i- ances thereto on the water front o!' the • city and county oC San Drafts and warrants ut> y m shall be drawn upon an 1 hi out of said fund in the sanK as drafts and warrants a < ,; on and paid out of tht :. \-.\ i harbor improvement fund. * SEC. 5. For tho payment of the principal and Interest of said bonds a sinking fund, to bo known and designated as tho "Second San Francisco Seawall Sinking Fund," shall bo, and the same is hereby created, as follows, to-wlt; Tho state treasurer shall, on tho first day of each and every month after th*? sale of said bonds, take from the San Francisco harbor improvement fund such sum as, multiplied by the time (ho bonds then sold will L I Hlate treasurer to pay the interest of said bonds, when the same falls due, out of the sinking fund provided for In (his act, on controller's warrants duly drawn for that purpose. SKC. S. This act, if adopted by the people, shall take effect on the thirty- first day of December, A. U. nineteen hundred and eight, as to all Us provisions except those relating (o and necessary for Its submission to the people, and for returning, canvassing, and proclaiming the votes, and as to suld expected provisions this act shall j take effect immediately. SEC. ft. This act shall be sumbitted to the people of the State of California for their ratification at the next gerieral election, to be holden in the month of November, A. IX nineteen hundred and eight, and all ballots at said election shall have printed thereon, and at the end'thereof, the words, "For the San Francisco Seawall Act," and in a separate line under the same words, "Against the San Francisco Seawall Act," and opposite said linen tliere shall be left spaces in which the voters may make or stamp a cross to indicate whether they vote for or against the said act, and those voting for said act shall do so by placing a cross opposite the words "For the San Francisco Seawall Act," and all those voting against the said act shall do so by placing a cross opposite the words "Against the San Francisco Seawall Act." The governor of this state shall Include the submission of this act to the people, aa aforesaid, in his proclamation calling tor said general election. SKC. hereof, prepare one thousand suitable bonds of the state of California, In the denomination of one thousand dollars each. The whole issue of said bonds shall not exceed the sum of one million dollars, and said bonds shall bear interest at the rate of four per cen- tum por annum, from the .time of the sale thereof, and both principal and interest shall be payable In gold coin of (he present standard value, and they Khali be payable at office of and outstanding have against 10. The votes cast for or this act shall be counted, re- ,, .- any corporation or a ^ -io without any intention *»u ih» part <> one party to deliver and or the nth< ; party to receive tho shares, and con tempting merely the payment «u differences between the contract and market prices on divers days, shall be void, and neither party to any such contract shall be entitled to recover any damages for failure to perform the flame 6r any money paid thereon, Jn any court of tills state. ASSEMBLY CONSTITUTIONAL AMENDMENT No. 24. CHAPTER 43. Assembly Constitutional Amendment No. 24. A resolution to propose to the people of the State of Cailfonia, an amendment to the conatrtution o. the State, by amending section seven of article nine thereof, rel'ting to boards of education. Ad"pi"d M:trch 11, 1!M>7. The l.-sislunue of tho Stale of California, at its ivi;uhir session, commencing on the 7th day of January, one thousauI nine hundred and sevon, anil two-thirds of all tne xuembei elected to ouch of tho houses of legislature voting in favor thereof, hereby bonds; and providing for the sub mission of this act to a vote of the people. Approved March LM, HH,; 'Tho pooplo or tho Stat*- of California, represented in senate and HSM-H:- l)ly, do oiv.irt as follow^; SECTION i. Kor uio purpose of providing a fun I for thr paynj,.»t of the IndiditednesK hcr«*hy authm i/.-d to bo iiH-urrod by the state board t .i' state harbor commission*TK for t(u- erection of wharves, pi.-iM. M*uwa!l ntuto railroad, wpurs, and appuMonann-s in th<* oily uad county oi Sun Krancisc, niout fund, loss tho Amount theretofore taken there* ro;n for said purpose; anil he. shall place tho sum in the second San Francisco seawall sinking fund create i by this act. Said state treasurer shall, on controller's warrants duly drawn for that purpose, omploy tho moneys in said sinking fund in tho purchase of bonds of tho Vnliod States, or of tho State of Cal- forniu, or of the several counties or municipalities of the state of California, which said bonds shall bo kept in a proper rccrptade, appropriately la- l>He*l; but- he niUM keep always on at a cost n»-t to exceed two million' hand a KiHllctent amount of money lu dollars (which fioawiill, state ivimu<i, spur*, and appurtenances the hoard of stale harbor commissioners are hereby empowered to construct in the manner nuthorizoa by law. ami at a cost nut to exceed said two aiillion dollars), the mate, treasurer shall, immediately after the turned and canvassed, and declared in tho same manner and subject to the same rules as votes ca»t*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 hereinbefore provided, and shall bo frrepealable until the principal and Interest of tho liabilities herein created shall be paid and discharged, and tho governor shall make proclamation thereof; but if a majority of tho votes cust, as aforesaid, aro against this act, then tho same shall be and become void. SEC. fi. It shall lie tho 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 wbaiv.-,. piers," saM sinking fund with winch to- pay I state, for three months next preceding the interest on such of the *faie bonds herein provided to be issued as may have theretofore been Bold. And t'o provide means for the payment of interest on the bonds that may be sold and outstanding, said treasurer shall the genera] election to be holden in the month of November, A. U. nineteen hundred and eight, the costs of publication shall be paid out of the San Francisco harbor improvement fund, on controller's warrants duly monthly take from tiie Sun Frauclsco drawn for that purpose. the state treasurer, at tho expiration of nineteen years from their date, subject, however, to redemption by lot an in this act hereinafter provided. Said bonds shall bear date tho second day of January, A. D. nineteen hundred and nine, and shall be made payable on the second day of January, nineteen hundred and twenty-eight A. D. The interest accruing on such of said bonds as are sold, shall be due and payable at the office of tho state treasurer 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 January. A. D. nineteen hundred and ten, on so many of said bonds as may have been theretofore sold. At the expiration of nineteen years from the date of said bonds, all bonds sold shall cease to bear Interest and likewise all bonds redeemed by lot shall cease to bear Interest UK in this act provided, and the said state treasurer shall call In, forthwith pay and cancel the same, out of moneys In the India basin sinking fund provided for in this act, and he shall on tho first Monday of January, nineteen hundred and twenty-eight, also cancel and (test roy all bonds not theretofore sold. All bonds issued shall be .signed by the governor, and countersigned by the controller, and shall be endorsed by the state treasurer, and each shall have the seal of the state stamped theroon. Each bond shall contain a- clause that It IH subject to redemption by lot after the, year nineteen hundred and eighteen. Sec, 2. ' Interest coupons shall be attached to each of said bonds, HO that such coupons may be removed without injury to or mutilation of the bond. Said coupons shall be consecutively numbered, and shall be signed by tho state tteasurer. Hut no Interest 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. Sec. ;i. The sum of one thousand dollars Is hereby appropriated to pay the expense that may be incurred by the Btate treasurer in having Bald bonds prepared. Said amount shall be paid out of the San Francisco har- issuance ot the proclamation of the harbor improvement fund, and pay SKC. 12, ThU act may be known bor improvement fund on controller's

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