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ACT 344.

TITLE 48.

BILLS AND NOTES.

Relating to bills of exchange and promissory notes. [Stats. 1850, p. 247.]

Superseded by provisions of Civil Code relating to negotiable instruments.

Cal. Rep. Cit. 90, 107; 103, 322; 103, 323.

ACT 349.

TITLE 49.

BLUE BOOK.

To provide for the compilation, printing, binding, publishing and distribution of a legislative manual and state blue book, or roster, and repealing conflicting acts. [Approved February 13, 1903. Stats. 1903, 19.]

Former acts can be found in Statutes 1891, 454, and 1893, 218.

АСТ 354.

TITLE 50.

B'NAI B'RITH.

Concerning order of B'nai B'rith. [Stats. 1867-8, p. 310.]
Repealed by sec. 288, Civ. Code. See note to act 632, post.
This act conferred corporate power on this society.

ACT 359.

TITLE 51.

BOARD OF EXAMINERS.

Purchase of supplies for state officers and members of the legislature. [Stats. 1875-6, p. 314.]

This act constituted the state board of examiners a furnishing board with certain powers and duties,

ACT 360.

To authorize the state board of examiners to invest the moneys derived from the state school lands in the bonds of the several counties of this state. [Stats. 1871-2, 54. Repealed 1883, 25.]

ACT 361.

Authorizing state board of examiners to sell old furniture and all material belonging to the state and not required for public use. [Stats. 1891, p. 452.]

АСТ 362.

Prescribing certain duties to be performed by the state controller, state treasurer, and state board of examiners. [Stats. 1871-2, p. 118.]

This act appears in full in Political Code, Appendix, p. 1103.

ACT 367.

TITLE 52.

BOARDS OF FREEHOLDERS.

In relation to municipal elections where the same are held separate from general state elections, and elections held under the authority of section eight of article eleven of the constitution, to elect boards of freeholders, or to vote upon proposed charters, or upon amendments to existing charters, and to repeal an act entitled an act in relation to elections held under the authority of section eight of article eleven of the constitution, approved March 31, 1897. [Approved March 4, 1899. Stats. 1899, 63.]

Cal. Rep. Cit. 133, 344.

BOARDS OF TRADE.

See title Chambers of Commerce.

TITLE 53.
BONDS.

ACT 368.

An act making the cost of certain bonds of receivers, assignees, trustees, guardians, administrators and executors chargeable to a certain extent against the trust estate.

[Approved March 20, 1905. Stats. 1905, 477.]

Section 1. Any receiver, assignee, trustee, guardian, administrator or executor required by law or by the order of court to give a bond as such, shall be allowed as part of the lawful expense of executing his trust, the sum paid for such bond, not exceeding, however, one-half (%) of one (1) per cent of the amount of such bond, for each year that the same shall remain in force.

ACT 369.

To provide for funding the indebtedness of counties in certain cases. [Stats. 1884, 8.]

Superseded by County Government Act, subd. 13, sec. 25, 1897, 460.

ACT 370.

To provide for the funding indebtedness of the several counties of the state and the issuing of bonds therefor. [Stats. 1889, p. 37.]

Superseded by sec. 25, County Government Act, 1897, 457.

ACT 371.

Authorizing the several counties of the state to create a bonded indebtedness. [Stats. 1889, p. 348.]

Superseded by sec. 25, County Government Act, 1897, 460.

ACT 372.

Providing for submitting to the qualified electors of a County or city and county a proposed issue of bonds. [Stats. 1883, p. 375.]

Superseded by sec. 25, County Government Act of 1897, and as to San Francisco by its charter.

ACT 373.

Authorizing the board of supervisors of any county, or

any subdivision of a county, having a bonded debt,
to refund such debt at a less rate of interest. [Ap-
proved March 18, 1885, 211.]

Superseded by subd. 13, sec. 25, County Government Act, 1897, 460.
ACT 374.

To provide for the payment of interest on the outstanding bonds of the state held in trust for the university fund and the state school fund. [Stats. 1893, p. 75.]

Amended 1899, 93.

АСТ 375.

To provide for the redemption and payment of certain funded debt bonds of the state. [Stats. 1893, p. 49.]

ACT 376.

To provide for the issuance and sale of state bonds to create a fund for the construction by the board of state harbor commissioners of a seawall and appurtenances in the city and county of San Francisco; to create a sinking fund for the payment of said

bonds; and providing for the submission of this act to a vote of the people. [Approved March 20, 1903. Stats. 1903, 247.]

This act provided for the submission to the people of the question of voting upon the issuance of bonds to the amount of $2,000,000 for the construction of a seawall in San Francisco.

АСТ 377.

To facilitate the giving of bonds required by law. [Stats. 1885, p. 114.]

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Cal. Rep. Cit. 97, 355.

This act appears in full in Code of Civil Procedure, Appendix, p. 761; also in Civil Code, Appendix, p. 680. It authorized surety corporations to act as sole surety.

ACT 378.

In relation to suits brought on official bonds and obligations in favor of the state. [Stats. 1857, 173.] Superseded by Political Code, secs. 983, 984.

АСТ 379.

To provide for the payment by the state or counties, or cities, or cities and counties, of the premium or charge on official bonds when given by surety companies. [Stats. 1903, 476.]

This act appears in full in Political Code, Appendix, p. 1041.

АСТ 380.

To provide for the redemption and payment of certain funded debt bonds of this state, together with interest thereon, making an appropriation therefor, and authorizing the state controller and state treasurer to transfer the sum of one hundred and twenty thousand dollars from the general fund to the interest and sinking fund to carry out the provisions of this act. [Approved February 27, 1893. Stats. 1893, p. 49.]

АСТ 381.

To provide for the payment of funded indebtedness of the state of California, and to contract a funded debt for that purpose. [Approved March 31, 1891. Stats. 1891, p. 210.]

The act created a board of commissioners to issue bonds for the purpose indicated and provided for the sale and redemption of the bonds.

АСТ 382.

An act authorizing the common council, board of trustees, or other governing body of any incorporated city or

town other than cities of the first class tc refund its indebtedness, to issue bonds therefor, and to provide for the payment of the same.

[Stat. approved March 9, 1997; Stats. 1897, 75, amended 1901, 274.]

Unconstitutional in part. (Los Angeles v. Hance, 122 Cal. 77.) The people of the state of California, represented in senate and assembly, do enact as follows:

Section 1. The common council, board of trustees, or other governing body of any incorporated city or town other than cities of the first class, in this state, having an outstanding indebtedness, évidenced by bonds or warrants thereof, or by judgment or judgments recovered against it

be

on bonds or warrants originally issued by such town or city, is empowered, by a two-thirds vote of its number, to fund or refund the said indebtedness and issue bonds of such city or town therefor in sums of not less than one hundred dollars nor more than one thousand dollars each, and having not more than forty years to run, and bearing a rate of interest not exceeding six per cent per annum, payable semi-annually; provided, that no indebtedness shall refunded at a higher rate of interest than that borne by the original debt. Such bonds shall be of the character known as "serials," not less than one-fortieth of the principal being payable each year, together with the interest due on all sums unpaid. Principal and interest on said bonds shall be payable in gold coin or other lawful noney of the United States, as may be expressed in said bonds, at the office of the treasurer of said city or town. Said bonds shall be sold in the manner provided by such eity council or other governing body, to the highest bidder therefor, for not less than their face value, in the same character of money as that in which they are payable. The proceeds of such sale shall be placed in the treasury of such city or town to the credit of the "funding fund,' and shall be applied only to refunding the indebtedness for which said bonds were issued. Said trustees, or other governing body, shall at the time for fixing the general tax levy for each year, and in the same manner as such tax levy is made, levy and collect sufficient money to pay such part of the principal of said bonds issued under this act as one year bears to the number of years for which the bonds are to run, and also the annual interest upon the sums unpaid. [Amended 1901, 274.]

Sec. 2. Whenever sufficient money is in the funding fund, in the hands of the treasurer, to redeem one or more

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