the said Board of Examiners for the sum of fifteen hundred dollars each, and to allow the same, payable out of the Fund known as the General Fund, as created by the Act entitled "An Act to repeal the several Charters of the City of San Francisco, to establish the boundaries of the City and County of San Francisco, and to consolidate the Government thereof, approved April nineteenth, one thousand eight hundred and fifty-six; also, to audit the several demands of the Clerks of the said Board for a sum not to exceed eight hundred dollars, and also to audit the demands for contingent expenses of the said Board, as herein provided, the latter not to exceed five hundred dollars; Provided, however, the demands of said Clerks, and the said demand for contingent expenses, shall be first attested by the signatures of at least two of the members of said Board, and, when so authenticated, shall forthwith be audited by said Auditor, and allowed, payable out of said General Fund; Provided, further, that the said demands of the Board of Examiners, and of their said Clerks, shall not be audited before the first day of June, A. D. eighteen hundred and fifty-eight, but the demands for the contingent expenses, as before provided, shall be audited and allowed whenever presented, attested as aforesaid. The Auditor shall audit the demands of the said Fund Commissioners for the sum of five hundred dollars each, and also the claims made by them for expenses incurred in procuring blank bonds, blank books, and books of registry, not to exceed the sum of nine hundred and fifty dollars; Provided, however, the demands of said Fund Commissioners for their said compensation shall not be audited before the first day of August, A. D. one thousand eight hundred and fifty-eight, except the expenses for the blank bonds and books of registry, which shall be audited whenever presented with the requisite vouchers, attested by at least two of the Commissioners, and be allowed, and payable out of the General Fund; the compensation of the said Commissioners shall be allowed and payable out of the General Fund. Pay of Clerks CHAP. LXXXIV.-An Act to change the Name of Walter Scott [Became a Law by operation of the Constitution, March 2, 1859.] The People of the State of California, represented in Senate and SECTION 1. It shall be lawful for the person heretofore known Change of as Walter Scott Tarbox, to change his name to Walter Scott. [This bill having remained with the Governor ten days, (Sundays excepted,) and the Senate and Assembly being in session, it has become a law this second day of March, one thousand eight hundred and fifty-nine. FERRIS FORMAN, Secretary of State.] name. Transcribing records. Transcribed ized. CHAP. LXXXV.-An Act authorizing and empowering the County Recorder of Solano County to transcribe certain Records, and to legalize the same. [Approved March 3, 1859.] The People of the State of California, represented in Senate and SECTION 1.. The County Recorder of Solano County is hereby authorized and required, as soon as the same can conveniently be done, to transcribe into suitable and well bound books all deeds, mortgages, title-bonds, and powers of attorney, contained. in the following books of record, kept in the said Recorder's office, namely: the books known as A, B, C, and D. SEC. 2. The books of record, and each of the entries therein records legal made, as directed by section one of this Act, shall have the same force and effect as the original records transcribed therein may have had, and copies of any of the records or entries transcribed, as provided in this Act, shall have the same force and effect as copies of the original records or entries may have had. Fees for SEC. 3. For services rendered under this Act the said County transcribing. Recorder of Solano County shall be allowed the same rate of compensation as is prescribed by section twenty-eight of an Act entitled "An Act to regulate fees in office," (approved April tenth, eighteen hundred and fifty-five,) for like services; and the same shall be paid out of the County treasury in the same manner as other demands against the said Solano County are paid. Original records to be preserved. SEC. 4. The original records shall be carefully preserved in the office of said County Recorder, for further reference. To fund debt CHAP. LXXXVI.—An Act to Fund the entire Indebtedness of Calaveras County, contracted prior to the first day of November, eigh teen hundred and fifty-eight, and to provide Means for the Payment of the same. [Approved March 3, 1859.] The People of the State of California, represented in Senate and SECTION 1. The County of Calaveras is hereby authorized to fund its entire indebtedness contracted prior to the first day of November, eighteen hundred and fifty-eight; and to that end the Board of Supervisors and the Treasurer of said County shall constitute a Board of Commissioners, to be styled "The Board of Commissioners of the Funded Debt of Calaveras County," and shall have and exercise the powers and perform the duties hereinafter provided, and shall, at their first meeting, elect a President and Secretary of said Board. The first meeting of said Board shall be held on the tenth day of March next, at the Court-house, at Mokelumne Hill, in said County, and they shall have power to adjourn from time to time as they may deem necessary and proper, until they shall have discharged the duties imposed on them by this Act, and shall receive for their services Compensat'n the same per diem and mileage as is allowed to the Board of Supervisors of said County. of Board. $100,000. Time of SEC. 2. The said Commissioners shall cause to be prepared, Bonds to be and shall have power to issue, on behalf of the County of Cala- issued to veras, bonds to an amount not exceeding, in all, the sum of one hundred thousand dollars, bearing interest at a rate not to ex- Interest. ceed ten per centum per annum, of the denominations of one hundred dollars and one thousand dollars each, respectively, with coupons for interest attached; which bonds shall be made payable at the office of the Treasurer of said County, or in the City of San Francisco, on or before the first day of January, A. D. eighteen hundred and sixty-nine, and the interest on the same shall be made payable semi-annually, either at the said Treasu- payment. rer's office in said County, or in the City of San Francisco, at the discretion of said Board, on the first days of January and July, of each year, on presentation of the respective coupons therefor; Provided, the first payment of the interest shall not be made sooner than the first day of January, A. D. eighteen hundred and sixty. Every bond so issued shall be signed by the President and Secretary of said Board of Commissioners, and be signed. authenticated with the seal of said County, and shall purport that the County of Calaveras owes the holder thereof the sum named in the bond, payable and bearing interest as aforesaid. Bonds-how Commis'n'rs SEC. 3. The Board of Commissioners shall, before they enter upon the discharge of their duties, execute a bond jointly and to give bond. severally in the sum of ten thousand dollars, for the faithful performance of the same, with two or more sureties in said bond, to be worth altogether, the amount of the bond, clear of the liabilities, legal or equitable. And the said Board shall cause the bonds issued by them to be sold in such manner as they may deem suitable and best; Provided, however, said bonds shall not be sold at a rate lower than eighty-five (85) cents to the dollar, and the Bonds shall proceeds thereof shall be paid over to the County Treasurer, for less than who shall apply it, upon the order of the Board of Supervisors of 85 per cent. said County, to the payment and redemption of such indebtedness of said County, of whatever kind, as was contracted prior to the first day of November, A. D. eighteen hundred and fifty-eight, and which shall have been decided by the Board of Commission not be sold ers as the legal and equitable indebtedness of said County. The TreasurerTreasurer of said County shall be entitled to two and one-half compensat u. per centum for his services for receiving, taking care of, and disbursing the same. SEC. 4. It shall be the duty of the Secretary of said Board to attend the meetings of the Board, and to keep a correct record and minutes of their proceedings; said Secretary shall be entitled to receive such compensation for his services as the Board of Supervisors shall deem reasonable, not to exceed five dollars per day. Additional tax to pay interest and principal. to be set apart. SEC. 5. It shall be the duty of the Board of Supervisors to cause to be levied annually a special tax, to be collected in the same manner as is now provided by law in force, or which may be hereafter enacted, on the real and personal property of said County, not to exceed one per cent., in addition to the tax now authorized by law to be levied and collected, sufficient to meet the interest accruing semi-annually on said bonds, and to create a Sinking Fund for the redemption of the same, of at least five thousand dollars annually. Interest first SEC. 6. No appropriation shall be made out of the yearly revenue arising from taxes on the real and personal property of said County, until sufficient money shall have been set aside to pay the interest on all the bonds outstanding; and there shall also be set aside from each yearly revenue derived from taxation on the real and personal property of said County, the further sum of five thousand dollars, as above provided, to be levied as a Sinking Fund for the redemption of said bonds. Board, term to expire, when. SEC. 7. The office of said Board of Commissioners shall expire as soon as they shall have completed all the business submitted to them by this Act, when they shall turn over all their papers, books, and accounts, to the Clerk of the Board of Supervisors, to be filed and preserved by him with the records of said Board. And, in the discharge of their duties, the said Board of Commissioners shall have free access to the books of all the revenue officers of said County at all times. SEC. 8. On the first day of January, A. D. eighteen hundred and sixty, and on the first days of January and July of each succeeding year, it shall be the duty of the Treasurer, on the order of the Board of Supervisors, from the money in his hands set aside and appropriated for that purpose, to pay the interest on the bonds outstanding; and on the first day of January, eighteen hundred and sixty, and on the first day of January of each succeeding year, it shall be the duty of the Treasurer of said County, under the order of the Board of Supervisors, from the moneys Bonds to be in his hands set aside and appropriated to that purpose, to reannually, by deem five thousand dollars of the principal of said bonds, preadvertisem't. viously advertising for at least thirty days in one newspaper in purchased said County, and one or more newspapers in San Francisco, for sealed proposals for the surrender of said bonds. The Treasurer shall open said sealed proposals, at the time and place specified in said publications, in the presence of the Board of Supervisors of said County, who shall accept only of such bids as shall canBonds shall cel the greatest amount of bonds; Provided, that no bonds shall not be pure be redeemed at a greater rate than one hundred cents for one dollar, together with the accrued interest thereon. chased above par. Record of kept. SEC. 9. It shall be the duty of the Treasurer of said County bonds to be and the Clerk of the Board of Supervisors, each, to keep a separate record of all such bonds as may be issued, showing the number, date, and amount, of each bond, and to whom the same was issued, and also the number, date, and amount, of canceled bonds, and the dates and rates of cancellation. Supervisors to pay for preparing bonds. SEC. 10. The Board of Supervisors of said County are hereby authorized to appropriate, out of the General Fund of the County, a sum sufficient to pay the expenses that may be incurred by the Board of Commisioners, in having said bonds prepared and sold. be issued to SEC. 11. The said Board of Commissioners may issue said Bonds may bonds to persons holding indebtedness against said County, creditors. either in bonds, warrants, or otherwise, in exchange and cancellation of the same. SEC. 12. The Board of Supervisors of said County shall have power to make any order necessary to carry into effect the provisions of this Act. of bonds. SEC. 13. The Board of Commissioners, as soon as the said Advertisem't bonds are prepared, shall advertise, in some newspaper in said for purchase County, and in one or more newspapers in San Francisco, for proposals for the purchase of said bonds, and the said purchase shall be awarded by the Commissioners to the highest bidder. of Commis SEC. 14. The Board of Commissioners, as soon as they have Statement of completed the business assigned them by this Act, shall publish proceedings a statement of their proceedings in some newspaper published sioners to be in the County. published. SEC. 15. All Acts, or parts of Acts, inconsistent herewith, Repealing passed heretofore, and conflicting with this Act, are hereby re- clause. pealed. are not sold. Tax valid. SEC. 16. In the event the said bonds authorized to be prepared To be void in and issued under the provisions of this Act are not sold by the case bonds first day of August, eighteen hundred and fifty-nine, then all the preceding sections of this Act shall be null and void, and without force or effect; Provided, however, that the tax levied by the Board of Supervisors under this Act for the payment of interest on, and redemption of the same, shall be legal and valid to all intents and purposes as if the bonds had been sold, and it shall be the duty of the Board of Supervisors of said County to set apart and appropriate the amount of the tax so levied and col- Tax-how lected, two-thirds to the redemption of the entire indebtedness disbursed. of said County, contracted since the eighteenth day of March, eighteen hundred and fifty-seven, to the first day of November, eighteen hundred and fifty-eight, and one-third to the Interest Fund of said County for the redemption of bonds issued under "An Act to fund the debt of Calaveras County," passed May third, A. D. eighteen hundred and fifty-two, and the Board of Supervisors of said County shall annually thereafter cause to be levied a tax upon the personal and real property of said County, not exceeding one per cent., to be collected in the same manner as is now provided by law in force, or which may be hereafter enacted, to be applied two-thirds to the payment of the indebtedness of said County, contracted subsequent to the eighteenth day of March, eighteen hundred and fifty-seven, and prior to the first day of November, eighteen hundred and fiftyeight, and one-third to the said bonds issued under the provisions of the said Act of eighteen hundred and fifty-two. SEC. 17. In the event the said bonds authorized to be prepared and issued under the provisions of this Act, shall be sold by the said first day of August, A. D. eighteen hundred and fiftynine, then section sixteen of this Act to be null and void, and of no effect. |
