mendations into effect. It shall give such particular and detailed description of the several separate and specific schemes of development which are parts of the whole as may be necessary to designate clearly the work to be done, and such particulars as to each project shall be stated separately. Such bill shall include a financial plan providing for the issue of the bonds of the state in such amounts as may be required for paying the cost of the water power development to be made, how and when the bonds shall be issued and sold, the term for which they are to run, the rate of interest thereon, the annual tax to pay and sufficient to pay the interest thereon when due and the principal thereof when the same shall mature. The bill shall provide for the creation of a sinking fund into which the moneys received from the tax by such bill levied shall be paid, and into which the net revenues received from the sale of water power shall be paid, until the moneys in such sinking fund shall be sufficient to fully provide for the payment of the principal of all such bonds and the full interest thereon to the date of their maturity, and the tax shall then be discontinued under the provisions of article seven, section eleven, of the constitution. The bill shall provide for a separate issue of the bonds of the state for each separate scherne of development and for the submission of the bill to a vote of the people for their approval at a general election as provided in article seven, section four, of the constitution for the creation of a debt. § 11. The commission shall have power to appoint such engineers, assistant engineers and experts, fitted by experience, to advise the commission and to conduct under its direction the surveys, and the preparation of plans, maps, calculations and estimates as may be necessary within any appropriation which may be available therefor. § 12. The general plan which shall be devised by the commission under the provisions of this act, shall not include any of the streams and water courses which supply the canals of the state, excepting such streams and water courses as the state engineer and surveyor and the canal board, shall state in writing, will not, if used as above provided, substantially diminish the water supply of such canals or the navigability thereof, and provided that such plan shall not include any development of water power which would effect a diversion from any of the navigable waters of this state in sufficient quantity to interfere with the navigation of such rivers or water courses. § 13. The sum of thirty-five thousand dollars ($35,000), or so much thereof as may be necessary, is hereby appropriated out of any funds in the treasury of the state, not otherwise appropriated, to carry out the provisions of this act, and the said moneys shall be paid by the treasurer on the warrant of the comptroller to the order of the state water supply commission when certified by that commission to be needed from time to time in carrying out the provisions of this act. § 14. This act shall take effect immediately. APPENDIX E. CLASSIFIED STATEMENT OF EXPENDITURES UNDER CHAPTER 569, LAWS OF 1907, TO MARCH 1, 1908. Appropriation. July 12, 1907, by chapter 569, Laws of 1907.... $35,000 00 |