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hereby recommend to the electors of the state to vote at the next general election for or against a convention for the purpose of revising the constitution of the state. Such vote to be taken for the reason that two thirds of the members of each branch of the legislature, at said regular fortieth session, deem it necessary to revise such constitution. At such next general election the ballot used shall, in addition to the other names and matters required by law to be printed thereon, contain the words "For the convention." and the words "Against the convention," written or printed thereon in a suitable place, with the appropriate space for each elector to designate his intention with respect to such proposition. The election officers at each and every voting precinct in the state shall make and ascertain, and make returns of the number of votes cast in favor of a convention, and the number of votes cast against a convention, as aforesaid, in like manner and with the same particularity as other votes are required by law to be counted and returned, and an abstract thereof shall be transmitted by each and every county clerk of the state, and each and every registrar of voters in any county, or city and county, of the state, to the secretary of state, in the same manner, and within the same time, that votes for state officers are now by law required to be transmitted.

Sec. 2. The secretary of state shall have authority to compel the mailing of such returns, and when received, shall prepare and lay before the governor of the state a complete abstract of the whole number of votes cast "for" and "against" a convention. If it shall appear from the returns of the county clerks and registrar of voters that a majority of the electors voting at such general election on the proposition for a convention shall have voted in favor of calling such convention, it shall be the duty of the governor to forthwith issue his proclamation, announcing the fact that such convention has been called; and thereupon, it shall be the duty of the legislature at its session next after such election, to provide by law for the election of delegates to such convention, and for the holding thereof at the state capitol. Such convention to meet within three months from the date of the election calling it, and shall continue in session until it shall have completed the work of revision, and provided for submitting the same to the electors for approval or rejection.

ARGUMENT IN FAVOR OF ASSEMBLY CONCURRENT RESOLUTION NO. 17.

In his masterly and widely read work entitled the "American Commonwealth," published in 1893, James Bryce referred to the California constitution as a conspicuous example of what a state constitution ought not to be. Since 1893, what Mr. Bryce has predicted has proven true; our constitution has been repeatedly amended, until now it has become a crazy-quilt of direct legislation.

When the constitution was adopted the socalled "sand lot" agitation was at its height; fear of the legislature and distrust of their representatives, inspired by the "sand lot" agitators, induced the people to adopt the constitution, "limiting in every possible way the powers of the state legislature and leaving it little authority except to carry out by statutes the provisions of the constitution." The result was inevitable: statutes of vast importance to the people passed by the legislature have necessarily been held unconstitutional by the courts, and subsequent legislatures have found it necessary to propose amendments to the constitution to cure the defects pointed out by the courts: then. in most cases, nearly two years elapsed before the neonle ratified the amendments, and following those delays, still later legislatures had to convene before statutes desired by the people three or four years before could become effective.

At every session of the legislature since the adoption of the constitution numerous amend

ments have been proposed; in thirty-five years eighty-two amendments have been adopted, and twenty-two amendments are even now pendi..g before the people for adoption or rejection.

With the initiative and referendum firmly grounded in our political system, we should have a constitution imposing as few restrictions upon the legislature as possible. Under the initiative the people may pass a law if the legislature refuses to do so, and by means of the referendum they may veto an objectionable measure passed by the legislature. A code of direct legislation such as our present constitution has become is wholly unnecessary, is difficult, if not impossible, for the ordinary citizen to understand, and by making our system of state government so cumbersome and complex it necessarily tends to retard our material development.

The desirability of a brief, simple and clear constitution is admitted by all, but the argument is frequently heard that the time is not opportune; that the people are not ready to have this blessing thrust upon them. The person advancing such an argument usually believes that the people must be educated to his way of thinking before they attempt to adopt a constitution for their government. That argument can be, and always will be, advanced by the man who feels that the people as a whole are not competent to know or say what they want. The answer to the argument is, let the people themselves determine the question for themselves. If they say they desire a new constitution they will elect delegates to frame that constitution, and if that constitution so framed is acceptable to them, they will adopt it, otherwise they will reject it.

It is in the belief that a majority of the people do desire a new constitution, and that having expressed that desire will frame and adopt a constitution in accord with our educational and economical advancement, that the question is submitted to them for decision.

W. A. SUTHERLAND, Assemblyman Fifty-first District. ARGUMENT AGAINST ASSEMBLY CONCURRENT RESOLUTION NO. 17.

Let us admit that the ideal state constitution is a brief, concise statement of fundamental principles; also that our present constitution is long, cumbered with legislative matter, and contains unwise restrictions upon legislative power.

It is, nevertheless, unwise to vote at present for a constitutional convention. There is absolutely no popular demand, and mighty little of any sort, for a new constitution at this time. By frequent amendment, the state is getting on fairly well under the present constitution.

There is no likelihood whatever that this convention would frame an approximately ideal constitution. There is absolutely no agreement even among advocates of a new constitution as to the "fundamental principles" to be incorporated therein.

California is now trying out many new governmental policies. Their opponents say these are due to temporary hysteria. Their advocates are sure the fundamental principles involved are permanent. Whichever is right, the political unrest of the present is not a propitious time in which to frame a new "brief, concise" constitution which shall approach the finality talked of by advocates of a new one. Nor can there be any assurance that the constitution adopted would be less frequently amended than the present one. Unwise or not, the present tendency is toward long constitutions. Since the adoption of California's in 1879, twenty-one other states have

adopted new or revised constitutions. California's was shorter than the average, and absolutely shorter than the majority of these.

The action of the California Bar Association at its annual meeting in November, 1913, upon this question, is most significant. The association is composed of representative lawyers throughout the state, and of all shades of political opinion. The matter was thoroughly considered, with the result of a vote of 44 to 5 against the convention. By such vote, it was, "Resolved, that the California Bar Association, in annual meeting assembled, recommends to the people at large to vote against calling a convention to revise the présent constitution." (See the published proceedings for full discussion.)

Even those who believe that a new constitution is desirable in the near future should now vote "Against the Convention." For, before any such convention is held, there should be an amendment adopted changing both the method of choosing its members and the powers conferred upon

it; otherwise, its work can be fully expected to be futile, and the expense wasted.

The necessary changes are set out in detail in the argument (printed elsewhere in this pamphlet) for the adoption of Assembly Constitutional Amendment No. 88, which will also be voted on at this November election. Its adoption must necessarily remain in doubt till after the election. Hence it is folly to vote "For the Convention" on the unwarranted assumption that this needed amendment will be adopted.

Vote "Against the Convention" because: First-There is no general demand for a new constitution.

Second-The probable expense will be close to a million dollars.

Third-The method of selecting and the powers of such a convention should first be changed. Fourth-No constitution greatly improving the present one can be expected at this time. WM. C. CLARK, Assemblyman Thirty-seventh District.

SACRAMENTO STATE BUILDING BONDS.

FOR THE STATE'S BUILDINGS BONDS. [ ]

]

This act provides for the issuance and sale of state bonds in the sum of $3,000,000 for addiditional state buildings in Sacramento, payable in fifty years, and bearing interest at four per cent. AGAINST THE STATE BUILDINGS BONDS. [ An act to provide for the issuance and sale of state bonds to be known as "state building bonds," to provide a fund for the erection and equipment of state buildings in the city of Sacramento for state purposes, creating a commission to determine the amount to be expended for furnishing and equipping said buildings and accepting a suitable site, creating a sinking and interest fund for the payment of interest on said bonds and the redemption of the same, making an appropriation therefor, making an appropriation of five thousand dollars for the expenses of printing and lithographing said bonds and providing for the submission of this act to a vote of the people.

The people of the State of California do enact as follows:

Section 1. For the purpose of creating and providing a fund for the indebtedness hereby authorized to be incurred, as hereinafter provided, the state treasurer shall immediately after the issuance of the proclamation of the governor, provided for in section ten hereof, prepare six thousand suitable bonds of the State of California, in the denomination of five hundred dollars each. The whole issue of said bonds shall not exceed the sum of three 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 interest shall be payable in gold coin of the present standard of value, and they shall be payable at the office of the state treasurer, at the expiration of fifty years from their date. Said bonds shall bear date the second day of July, 1915, and shall be payable on the second day of July, 1965. The interest accruing on such of said bonds as are sold shall be due and 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. At the expiration of fifty years from the date of said bonds all bonds sold shall cease to bear interest, and the state treasurer shall call in, forthwith pay and cancel the same out of the moneys in the sinking and interest fund provided for in this act. All bonds issued shall be signed by the governor, and countersigned by the controller, and shall be endorsed by the state treasurer, and the said bonds shall be so signed, countersigned, and endorsed by the officers who are in office on the second day of July, 1915, and each of said bonds shall have the seal of the state impressed thereon. The said bonds signed, countersigned, endorsed and sealed as herein provided when sold shall be and constitute a valid and binding obligation 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 such office or offices.

Sec. 2. Interest coupons shall be attached to each of said bonds, so that such coupons may be removed without injury to

or mutilation of the bond. Said bonds shall be consecutively numbered, and shall bear the lithographed signature of the state treasurer who shall be in office on the second day of July, 1915. But 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, 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 five thousand dollars 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. When 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, continue such sale, as to the whole of the bonds offered, or any part thereof offered, to such time and place as he may select. When a sale is continued, as hereinabove provided, no notice need be given other than the public announcement of the continuance 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 newspaper 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 such publications shall be paid out of any moneys in the state treasury not otherwise appropriated on controller's warrants duly drawn for such purpose. The proceeds of the sale of such bonds, except such amount as may have been paid as accrued 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 buildings fund" which fund is hereby established. Any and all sums which may have been paid as

accrued interest 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 buildings sinking and interest fund," which fund is hereby established.

Sec. 5. Any and all moneys derived from the sale of the bonds provided for in this act are hereby appropriated and shall be used exclusively for the following purpose to wit:

The constructing and equipping of state buildings in the eity of Sacramento, State of California, for the various officers boards and commissions of the state, at a cost not to exceed the total sum of three million dollars, such portion of said sum of three million dollars to be used for the furnishing and equipping of said state buildings as may be determined by a board consisting of the governor, the presiding justice of the supreme court, and the state librarian, which board for such purpose is hereby created; provided, however, that no moneys provided for by this act shall be used for such purpose until a site suitable for such purpose, and acceptable to the state board last above created, shall be donated or given to the state, the title thereto to be free and clear of all liens and encumbrances; the number of buildings and their location on the lands to be donated shall be determined by said board in this subdivision of this section mentioned; the plans and specifications for said buildings, and each of the same, shall be prepared under the direction and control of said board in this subdivision of this section provided for.

Sec. 6. There is hereby appropriated out of any moneys in the state treasury not otherwise appropriated, the sum of fifty thousand (50,000) 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 from 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 of 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 buildings 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 treasurer to pay the same when the same falls due. On the first Monday in July of each year, after the sale of any of the bonds as in this act provided the state controller and 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 buildings sinking and interest fund. The moneys so transferred

to the said state buildings sinking and interest fund for the payment of the principal of said bonds, shall be invested from time to time by the state treasurer in United States or state bonds. All interest payable on such bonds so invested shall be paid into the said state buildings sinking and interest fund and be applied and held for the payment of the principal of said bonds or reinvested in other bonds for the payment of such principal, as herein provided.

The principal of all of said bonds sold shall be paid at the time the same becomes due, from the "state buildings sinking and interest fund" and the interest on all bonds sold shall be paid at the time said interest becomes due from 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 they shall transmit to the governor an abstract of all such proceedings thereunder, with an annual report, to be by the 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 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.

Sec. 7. When the bonds provided for by this act are redeemed, the state treasurer shall mark 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 thirty-first 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 the 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 election 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's buildings bonds" and such other designation as may be necessary to properly identify this act. In a square immediately below the square containing said words there shall be printed on said ballot the words "Against the state buildings bonds." Opposite the words "For the state buildings bonds" and "Against the state buildings bonds," there shall be left spaces in which 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 buildings bonds" and those voting against said act shall do so by placing a cross opposite the words "Against the state buildings bonds.' The 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 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 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 votes cast aforesaid are against this act then the same shall be and become void.

SAN FRANCISCO STATE BUILDING ACT.

(Issue not to exceed $1,000,000.)

FOR THE SAN FRANCISCO STATE BUILDING ACT. [ ]

This act provides for the issuance and sale of state bonds to create a fund for the construction, erection, equipment, completion and furnishing of a state building or buildings upon a lot of land in the city and county of San Francisco, to be used by the officers and departments of the state which are located in said city and county of San Francisco.

AGAINST THE SAN FRANCISCO STATE BUILDING ACT. [ ]

This act provides for the issuance and sale of state bonds to create a fund for the construction, erection, equipment, completion and furnishing of a state building or buildings upon a lot of land in the city and county of San Francisco, to be used by the officers and departments of the state which are located in said city and county of San Francisco.

An act to provide for the issuance and sale of state bonds to create a fund for the construction, erection, equipment, completion and furnishing of a state building or buildings upon a lot of land in the eity and county of San Francisco, to be used by the officers and departments of the state which are located

in said city and county of San Francisco, which lot of land has been secured from the city and county of San Francisco in exchange for the lot heretofore purchased by the state for said purposes; and to create a sinking fund for the payment of said bonds; and defining the duties of state officers in relation there

to; and making an appropriation of one thousand dollars for the printing and sale of said bonds; and providing for the submission of this act to the vote of the people.

The people of the State of California do enact as follows:

Section 1. For the purpose of providing a fund for the payment of the indebtedness authorized to be incurred by the commission for the construction, erection, equipment, completion and furnishing of a state building or buildings in the city and county of San Francisco as provided in an act entitled "An act to provide for the construction, erection, equipment and furnishing of a building or buildings in the city and county of San Francisco and for the improvement of the grounds thereof for the use and occupancy of the officers and departments of the state government of the State of California located in said city and county of San Francisco, and repealing other acts in conflict herewith," the state treasurer shall, immediately after the issuance of the proclamation of the governor, provided for in section ten hereof, prepare one thousand suitable bonds of the State of California in the denomination of one thousand dollars each, to be numbered from one to one thousand, inclusive, and to bear the date of the second day of July, 1915; the whole issue of said bonds shall not exceed the sum of one million dollars and the said bonds shall bear interest at the rate of four per cent per annum from the time of the issuance thereof, and both principal and interest shall be payable in gold coin of the present standard value and they shall be payable at the office of the state treasurer at the times and in the manner following, to wit: The first twenty of said bonds shall be due and payable on the second day of July, 1916, and twenty of said bonds, in consecutive numerical order, shall be due and payable on the second day of July in each and every year thereafter until and including the second day of July, 1965. The interest accruing on such of said bonds as are sold shall be due and 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, 1916, on so many of said bonds as may have been theretofore sold. The state treasurer shall, on the second day of July, A. D. 1965, call in, cancel and destroy all bonds not theretofore sold and issued at the date of the maturity thereof. All bonds issued shall be signed by the governor and countersigned by the state controller and shall be endorsed by the state treasurer and the said bonds shall be so signed, countersigned and endorsed by the officers who are in office on the second day of July, 1915, and each shall have the seal of the State of California stamped thereon. The said bonds so signed, countersigned, endorsed and sealed, as herein provided for, when sold, shall be and constitute a valid and binding obligation upon the State of California, though the sale thereof be made at a date or dates after the persons so signing, countersigning or endorsing, or any of them, shall cease to be the incumbents of said office or offices.

Sec. 2. Interest coupons shall be attached to each of said bonds so that such coupons may be detached without injury to or mutilation of the bond. Said coupons shall be consecutively numbered, and shall be signed by the state treasurer. But 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. 3. The sum of one thousand dollars is hereby appropriated to pay the expenses that may be incurred by the state treasurer in the printing and sale of said bonds. Said amount shall be paid out of the general fund on the state controller's warrants duly drawn for that purpose.

Sec. 4. When 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 said state treasurer shall determine; but said 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 for sale, and he may by public announcement at the place and time fixed for the sale, for good and sufficient cause, continue such sale as to the whole of the bonds offered or any part thereof offered, to such time and place as he may select, not exceeding, however, sixty days. Due notice of the time and place of sale of all bonds must be given by said treasurer by publication in two newspapers pub

lished 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. The cost of such publication shall be paid out of the general fund of the state on controller's warrants duly drawn for that purpose. The proceeds of the sale of such bonds shall be forthwith paid over by said treasurer into the treasury and must be by him kept in a separate fund to be known and designated as the "San Francisco state building fund" and must be used exclusively for the construction, erection, equipment, completion and furnishing of a state building or buildings in the city and county of San Francisco. Drafts and warrants upon said fund shall be drawn upon and shall be paid out of said fund in the same manner as drafts and warrants are drawn and paid for other state work 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 second day of July, commencing on the second day of January, 1916, and thereafter 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 become due, transfer from the general fund of the state treasury to the said "San Francisco state building sinking fund" such an amount of the moneys appropriated by this act as may be required to pay the principal and interest of the bonds so becoming due and payable in such years. There is hereby appropriated from the general fund in the state treasury such sum annually as will be necessary to pay the principal of and the interest on the bonds, issued and sold pursuant to the provisions 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 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. 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 due 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 their proceedings under this act, and they shall transmit to the governor an abstract of all such proceedings thereunder, with an annual report to be by the 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 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.

Sec. 8. This act, if adopted by the people, shall take effect on the first day of December, 1914, as to all its provisions, excepting those relating to and necessary for its submission 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 adjournment 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 following in brevier type: "This act provides for the issuance and sale of state bonds to

eate a fund for the construction, erection, equipment, cometion and furnishing of a state building or buildings upon a t of land in the city and county of San Francisco, to be used the officers and departments of the state which are located in id city and county of San Francisco." In the square immeately below the square containing said words there shall be inted on said ballot the words "Against the San Francisco ate building act" and immediately below said words "Against e San Francisco state building act," in brevier type, shall be inted "This act provides for the issuance and sale of state nds to create a fund for the construction, erection, equipment, mpletion and furnishing of a state building or buildings upon lot of land in the city and county of San Francisco, to be ed by the officers and departments of the state which are ated in said city and county of San Francisco." Opposite e 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 cross opposite the 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 state, 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 known 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.

OR 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. GAINST 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 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 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 appropriation therefor and providing for the collection of revenue 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.

people of the State of California do enact as follows: Section 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 r the issuance of the proclamation of the governor, prod for in section ten hereof, prepare one thousand five dred suitable bonds of the State of California, in the deination of five hundred dollars each. The 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 I 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 a 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 te 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 so 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 obligation 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 such office or offices.

Sec. 2. Interest coupons shall be attached to each of said bonds, so that such coupons may be removed without injury to or mutilation of the bond. Said bonds shall be consecutively numbered, and shall bear the lithographed signature of the state treasurer who shall be in office on the second day of July, 1915. But 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, 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. When 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, continue such sale, as to the whole of the bonds offered, or any part thereof offered, to such time and place as he may select. When a sale is continued, as hereinabove provided, no notice need be given other than the public announcement of the continuance, 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 newspaper 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 such publications shall be paid out of any moneys in the state treasury not otherwise appropriated on controller's warrants duly drawn for such purpose. The proceeds of the sale of such bonds, except

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