TITLE 53. АСТ 359. BOARD OF EXAMINERS. Purchase of supplies for state officers and members of the legislature. [Stats. 1875-76, 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. [Sats. 1871-72, p. 54. Repealed 1883, p. 25.]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.] ACT 362. Prescribing certain duties to be performed by the state controller, state treasurer, and state board of examiners. [Stats. 1871-72, p. 118.] This act provided for reports as to warrants on the treasury, the adjustment of balances, the counting of funds, and the cancellation of warrants not called for. It appears in full in Appendix, Political Code, p. 1843. ACT 367. TITLE 54. 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, p. 63. Repealed 1907, p. 661.] Citations. Cal. 133/344. BOARDS OF TRADE. See title "Chambers of Commerce." See Act 1014. TITLE 55. 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, p. 477.] § 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 expenses of executing his trust, the sum paid for such bond, not exceeding, however, one-half (2) of one (1) per cent of the amount of such bond, for each year that the same shall remain in force. АСТ 369. To provide for funding the indebtedness of counties in certain cases. [Stats. 1884, p. 8.] Superseded by County Government Act, 1897, subd. 13, § 25, p. 460.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 § 25, County Government Act, 1897, p. 457. АСТ 371. Authorizing the several counties of the state to create a bonded indebtedness. [Stats. 1889, p. 348.] Superseded by § 25, County Government Act, 1897, p. 460. АСТ 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 § 25, County Government Act of 1897, and as to San Francisco by its charter. АСТ 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. [Approved March 18, 1885, p. 211.] Superseded by subd. 13, § 25, County Government Act, 1897, p. 460. АСТ 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, p. 93. АСТ 375. To provide for the redemption and payment of certain funded debt bonds of the state. [Stats. 1893, p. 49.] АСТ 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. [Ap proved March 20, 1903. Stats. 1903, p. 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: See Acts 1435 and 1436. See Spears v. Reeves, 148 Cal. 501. See, also, Stats. 1907, p. 722. ACT 377. To facilitate the giving of bonds required by law. [Stats. 1885, p. 114.] This act appears in full in Appendix, Civil Code, p. 1895. It authorized surety corporations to act as sole surety. Citations. Cal. 97/355. АСТ 378. In relation to suits brought on official bonds and obligations in favor of the state. [Stats. 1857, p. 173.] Superseded by Political Code, §§ 983, 984. ACT 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, p. 476.] This act appears in full in Appendix, Political Code, p. 1781. ACT 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.] ACT 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. ACT 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 to refund its indebtedness, to issue bonds therefor, and to provide for the payment of the same. Amended 1901, p. 274.] [Approved March 9, 1897. Stats. 1897, p. 75. Unconstitutional in part: Los Angeles v. Hance, 122 Cal. 77. §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, evidenced by bonds or warrants thereof, or by judgment or judgments recovered against it upon 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 be 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 money 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 city 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, p. 274.] § 2. Whenever sufficient money is in the funding fund, in the hands of the treasurer, to redeem one or more of the outstanding bonds proposed to be refunded, he shall publish once a week for two weeks in some newspaper of general circulation published in such city or town, if there be any, a notice to the effect that he is prepared to pay such bond or bonds (giving the number thereof), and if the same are not presented for redemption within thirty days after the first publication of such notice, the interest on such bonds will cease. He shall, at the same time, deposit in the post office a copy of such notice, inclosed in a sealed envelope, with the postage paid thereon, addressed to the owner or owners of such bond or bonds, at the post office address of such owner or owners, as shown by the record thereof kept in the treasurer's office. If such bond or bonds are not presented within the time specified in such notice, the interest thereon shall then cease, and the amount due be set aside for the payment of the same, whenever presented. All redemption of bonds shall be made according to the priority in the order of their issuance, beginning at the first number. Whenever such outstanding bonds are surrendered and paid, the treasurer shall proceed to cancel the same by indorsing on the face thereof the amount for which they are received, the word "Canceled" and the date of cancellation. He shall also keep a record of such bonds so redeemed, and shall make a report of the same to the common council, or other governing body of such city or town, at least once a month, accompanying the same therewith by the bonds which have been taken up and canceled. § 3. All moneys which shall remain in said funding fund after all outstanding bonds or indebtedness as were proposed to be refunded have been taken up and canceled, shall, be paid into the general fund of such city or town, and become a part thereof. [Amended 1901, p. 275.] § 4. Chapter eighty-two of the statutes of eighteen hundred and eighty-three, chapter forty-eight of the statutes of eighteen hundred and ninety-three, and chapter one hundred and seventy-six of the statutes of eighteen hundred and ninety-five, all being laws of the state of California in conflict herewith, are hereby repealed. § 5. This act shall take effect and be in force immediately after its passage. This act repealed the act of March 15, 1883, Stats, 1883, p. 370, and the amendatory acts of March 1, 1893, Stats. 1893, p. 61, and of March 27, 1895, Stats. 1895, p. 203, providing for the refunding of indebtedness and the issuing of bonds. ACT 383. An act providing for submitting to a vote of the qualified electors of a county, or city and county, a proposal to issue bonds. [Approved March 15, 1883. Stats. 1883, p. 375.] Compare subd. 13, § 25, County Government Act, Stats. 1897, p. 460. АСТ 384. An act to authorize the several counties of this state to create a bonded indebtedness for certain purposes. [Approved March 19, 1889. Stats. 1889, p. 348.] Issuance of bonds to pay county indebtedness, not created by law, to be submitted to a vote. §1. Whenever it shall appear to the satisfaction of the board of supervisors of any county of this state that said county is justly indebted to any person or persons for money received into the treasury of said county, and used by said county, and which said indebtedness at the time of its creation was not authorized by law, they shall, by ordinance, declare that said county is justly indebted to the person or persons named in said ordinance, in a sum named therein, and that the question of issuing bonds in the sum therein named, for the purpose of paying said debt, shall be submitted to a vote of the legal voters of said county. Notice of election. §2. The supervisors of said county shall thereupon publish a notice calling an election to be held in said county, submitting to the voters of |