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tion in such action, shall be conclusive as to the regularity of all proceedings taken under the provisions of section 1 of this act.

§ 4. Whenever any action is brought upon any of the bonds described in the notice of election, the plaintiff shall be required to deposit in the court in which such action is brought, the bonds upon which he sues and when the judgment of such court, rendered in accordance with the terms of the proposed compromise described in such notice of election, becomes final, the bonds sued upon shall be delivered to the treasurer of the city or town against which such judgment is rendered, to be held by him and his successors in office until such judgment shall have been satisfied in full. If for any reason such judgment should be reversed or set aside or any orders or writs thereunder should be disobeyed by the defendant or its officers, it shall be the duty of such treasurer to return said bonds to the plaintiff who thereupon may at his own option be relegated to all the rights which he held and enjoyed under such bonds, crediting, however, on such rights, all amounts already received on such judgment. The performance of the duty imposed herein upon such treasurer may be enforced by the court in which such judgment is rendered.

§ 5. All acts or parts of acts conflicting with this act are hereby repealed.

§ 6. This act shall take effect immediately.

ACT 387.

An act in relation to municipal bonds.

[Approved February 28, 1903. Stats. 1903, p. 61.]

§ 1. Whenever the owner of any coupon bond, or of any bond payable to bearer, already issued or hereafter issued by any municipal corporation now or hereafter existing in this state, shall present any such bond to the treasurer or other officer of such corporation, who by law performs the duties of treasurer, with a request for the conversion of such bond into a registered bond, such treasurer, or such other officer, shall cut off and cancel the coupons of any such coupon bond so presented, and shall stamp, print, or write upon such coupon bond, or such other bond payable to bearer, so presented, either upon the back or upon the face thereof, as may be convenient, a statement to the effect that the said bond is registered in the name of the owner, and that thereafter the interest and principal of said bond are payable to the registered owner. Thereafter, and from time to time any such bond may be transferred by such registered owner in person, or by attorney duly authorized on presentation of such bond to such treasurer, or such other officer, and the bond be again registered as before, a similar statement being stamped, printed, or written thereon. Such statement stamped, printed, or written upon any such bond may be in substantially the following

form.

(Date, giving month, year, and day.)

This bond is registered pursuant to the statute in such cases made and provided in the name of (here insert name of owner) and the interest and principal thereof are hereafter payable to such owner.

Treasurer (or such other officer).

After any bond shall have been registered as aforesaid, the principal and interest of such bond shall be payable to the registered owner. Such treasurer, or such other officer, shall keep in his office a book or books which shall at all times show what bonds are registered and in whose names respectively.

§ 2. Whenever under any statute of this state or any charter of any municipal corporation in this state, any bonds are issued, whether the proceedings for the issuance of such bonds have been had in whole or in part prior to the enactment of this statute, or whether the same have been had in whole or in part after the enactment of this statute, such bonds may be issued either in the form of coupon bonds, or in the form of registered bonds, or some in the form of coupon bonds, and some in the form of registered bonds, as has been or hereafter may be provided in the proceedings for the issuance of such bonds, and notwithstanding any language or provision to the contrary contained in any such statute or charter authorizing the issuance of the bonds, or in any other law of the state. The provisions of section 1 of this a t shall apply to coupon bonds, so issued, as well as to other coupon bonds, or other bonds payable to bearer.

§3. This act shall take effect immediately.

АСТ 388.

An act to authorize municipal corporations to issue bonds, for the purpose of investing the proceeds arising from the sale thereof, in other bonds issued for public improvements.

[Approved April 26, 1909. Stats. 1909, p. 1096.]

Bonds to provide funds for improvement.

§1. Any municipal corporation in the state of California may incur a bonded indebtedness to provide a fund to be called a "general improvement fund," and said fund may be invested or reinvested in any bonds issued by such municipality, or bonds issued for street work or other public improvements, under any act of the legislature providing for the performance of street work or other public improvements. How issued.

§ 2. The bonds authorized to be issued under the provisions of this act shall be called "investment bonds," and shall be issued in the manner provided for in an act entitled "An act authorizing the incurring of indebtedness by cities, towns and municipal corporations for municipal improvements, and regulating the acquisition, construction and completion

thereof," in effect February 25, 1901, and amendments thereto; provided, that the ordinance calling for the election therein provided for, need not contain any statement as to the estimated cost of the proposed public improvement. Such bonds when issued, shall be redeemed and paid as provided in the above herein mentioned act.

Investment of bonds. Reinvestment.

§ 3. It shall be the duty of the legislative branch of every town, city or municipal corporation availing itself of this act, to keep the funds arising from the sale of bonds issued under this act, separate and distinct from all other municipal funds, and to invest and reinvest the same in the serial improvement bonds issued for street sewer, drainage or other improvements within said municipality, and to collect the interest on said bonds and credit the same to said fund, and said municipality shall have the right to sell, at the discretion of its legislative branch, any of said serial bonds by it purchased, provided that they shall not sell said bonds at a price less than the price paid therefor, and said purchase price of said bonds so sold, together with the accrued interest thereon, shall be credited to the said "general improvement fund," and may be again reinvested in serial bonds, as aforesaid, the intention being that said general improvement fund shall constitute a revolving fund, for the purpose of enabling the property owners to pay their serial bonds in annual installments to the city, and thus enable the municipality to let contracts for the completion of said improvement, on a cash basis.

§4. The provisions of this act shall not repeal nor modify the provisions of any other act.

§ 5. This act shall take effect and be in full force and effect from and after its passage.

АСТ 389.

An act to legalize bonds to be issued and sold by municipalities where authority for such issuance has already been given by a vote of more than two-thirds of the electors of such municipality.

[Approved March 24, 1909. Stats. 1909, p. 689.]

§1. In all cases where the legislative branch of any municipality in the state of California, organized under an act of the legislature of said state, entitled: "An act to provide for the organization, incorporation and government of municipal corporations," approved the 13th day of March, 1883, has deemed it necessary to incur any indebtedness in excess of the money in the treasury, applicable to the purpose for which said indebtedness is to be incurred, and has called a special election of the qualified electors of such municipality to determine whether such indebtedness as specified in the resolution or ordinance calling such election shall be incurred, and where, at such election, not less than twothirds of all the qualified electors voting at such election shall have voted in favor of incurring such indebtedness, and such legislative branch of such municipality shall have passed an ordinance providing

for the mode of creating such indebtedness and of paying the same, and the mode of creating such indebtedness has been by the proposed issuance of the bonds of such municipality all the proceedings of such municipality leading up to and including the issuance and the proposed issuance of such bonds are hereby validated, legalized, ratified, confirmed and declared valid to all intents and purposes; and all such bonds, sold after the passage of this act for not less than their par value are hereby legalized and declared to be legal and valid obligations of and against such municipality so issuing and selling the same, and the faith and credit of such municipality is hereby pledged for the prompt payment and redemption of the principal of such bonds and the coupons thereto attached; provided this act shall not operate to legalize any bonds of any municipality already sold or any bonds that have not, at the time of the passage of this act, been authorized by not less than two-thirds of the qualified electors of such municipality voting at any such election.

§ 2. This act shall take effect and be in force from and after its passage.

Former act on this subject can be found in Stats. 1907, p. 104.
Citations. Cal. 151/478.

TITLE 56.
BOOMS.

АСТ 392.

Authorizing boards of supervisors to grant franchises for constructing booms. [Stats. 1881, p. 25.]

Superseded by subd. 35, § 25, County Government Act, 1897, p. 466. Repealed 1901, p. 265.

АСТ 397.

TITLE 57.

BOUNDARIES OF STATE.

To provide for the correction and establishment of the eastern boundary of the state. [Stats. 1889, p. 38.]

Perhaps obsolete, for it provided the work was to be done in one year.

АСТ 398.

To define and establish a portion of the castern boundary of the state of California. [Became a law under constitutional provision without governor's approval, March 1, 1901. Stats. 1901, p. 89.]

ACT 403.

TITLE 58.
BOUNTIES.

Fixing a bounty on coyote scalps. [Stats. 1891, p. 280.]
Repealed 1895, p. 1.

Citations. Cal. 106/116, 120, 125; 141/355; 144/683, 686, 689, 693, 694,

Construed in Bickerdike v. State, 144 Cal. 681, 698.

ACT 408.

TITLE 59.
BRANCIFORTE.

To settle land titles in the town of Branciforte, Santa Cruz County.

АСТ 413.

[Stats. 1863-64, p. 443.]

TITLE 60.

BRAZOS DEL RIO.

Changing the name of the town of Brazos del Rio in Solano county to Rio Vista. [Stats. 1861, p. 12.]

[blocks in formation]

Authorizing cities to maintain drawbridges across navigable streams flowing through or penetrating the boundaries of such cities. [Stats. 1883, p. 295.]

ACT 419.

An act concerning bridges across navigable streams.
[Approved February 25, 1897. Stats. 1897, p. 21.]

§1. The board of supervisors of any county in this state now controlling or maintaining, by virtue of any statute, any bridge across any navigable stream wholly or in part within the boundary lines of any municipal corporation, is hereby authorized and empowered, whenever it may become necessary, in the interest of commerce or by reason of any such bridge being out of repair, to reconstruct and rebuild any part of such bridge, or replace such bridge by a new structure, or with the consent of the governing bodies of such municipalities change the location of such bridge to such place on such stream as may be better suited to its use, or to the use of such navigable stream; and the board of supervisors of any county is hereby authorized to abandon any such existing bridge and rebuild a new bridge at such changed location, and the board of supervisors of any such county so rebuilding and reconstructing said bridge may enter into an agreement with any person or corporation, now maintaining any bridge across any such navigable stream, for the building of a joint bridge for the purpose of preventing the impeding of commerce on such navigable streams, and of apportioning the expense between said county and said person or any corporation, in such manner as may be agreed upon between said county and said person, or corpora

tion.

§ 2. The expense of said reconstruction, or the building of a new bridge, to be payable out of the same fund as is now provided by law for the maintenance and repair of any such bridge; provided, that in case said county should make such agreement with said person or corporation

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