Congress to investment! in productive real estate. No. XXI.-Concurrent Resolution, relating to the investment of the [Approved March 30, 1868.] Consent of WHEREAS, It is provided by the terms of an Act of Congress entitled an Act donating public lands to the several States and Territories which may provide colleges for the benefit of agriculture and the mechanic arts, passed July second, one thousand eight hundred and sixty-two, that all moneys derived from the sale of such lands shall be invested in stocks of the United States, or of the States, or some other safe stocks yielding not less than five per centum upon the par value of such stocks, and that the money so invested shall constitute a perpetual fund of which the interest only shall be devoted to the support of colleges of agriculture and the mechanic arts; and whereas, the currency of the world is steadily diminishing in comparative value, so that for long periods it does not present a reliable standard of value; and a permanent fund invested as provided in and by such Act of Congress must constantly diminish in comparative value, so that in time it will not be equal in intrinsic value to one half of its original nominal amount; and whereas, a reliable standard of value for long periods of time is found in productive real estate, whose nominal value rises and whose rents increase as (to) the intrinsic value of the currency diminishes, and such productive real estate therefore presents a permanent means of investment for long periods of time, in.which the danger of depreciation of the capital of the fund is avoided; therefore, Resolved by the Assembly of the State of California, the Senate concurring, That our Representatives in Congress be requested, and our Senators be instructed, to endeavor to obtain the passage of an Act of Congress which shall permit the State of California to invest in unincumbered productive real estate the proceeds of the one hundred and fifty thousand acres of public lands heretofore donated to this State by the said Act of Congress for the benefit of an Agricultural and Mechanic Arts College, under such restrictions and conditions as Congress shall prescribe. SENATE RESOLUTIONS. NUMBER I.- Concurrent Resolution. [Adopted December 4, 1867.] officers. Resolved by the Senate, the Assembly concurring, That a com- Inauguramittee of three from the Senate and a like number from the tion of State Assembly be appointed to wait upon the Governor and Lieutenant-Governor elect to inform them of their election and the time of inauguration. No. II.-Concurrent Resolution. [Adopted December 4, 1867.] of Legisla Resolved by the Senate, the Assembly concurring, That a com- Organization mittee of three from each house be appointed to inform the Governor of the organization of the Legislature. ture. No. III. Concurrent Resolution. [Adopted December 4, 1867.] Resolved by the Senate, the Assembly concurring, That the Canvassing Senate and Assembly meet in Joint Convention in the Assem- votes. bly Chamber, on Wednesday, the fourth instant, at three o'clock P. M., to canvass the votes for Governor and Lieutenant-Governor. No. IV. Concurrent Resolution. [Adopted December 9, 1867.] Resolved by the Senate, the Assembly concurring, That the Printing of Secretary of the Senate and the Clerk of the Assembly be and general files. they are hereby authorized, to have the numbers and titles of bills on the general file of the Senate and Assembly printed every day, and the Sergeants-at-Arms are required to have the usual number distributed on the desks every morning. Translation of laws. No. V.-Concurrent Resolution. [Adopted December 10, 1867.] Resolved by the Senate, the Assembly concurring, That a committee of three from each house be appointed by the presiding officers of each house, to select proposals and award contract for translating into Spanish the laws passed during the present session. National flag No. VI.-Concurrent Resolution. [Adopted December 14, 1867.] Resolved by the Senate, the Assembly concurring, That the Sergeant-at-Arms of the Senate and the Sergeant-at-Arms of the Assembly be instructed to cause the National flag to be raised over the Capitol only when one or the other, or both houses, may be in actual session. Proceedings of Harbor Commission ers. No. VII.-Concurrent Resolution. [Adopted December 19, 1867.] Resolved by the Senate, the Assembly concurring, That a joint committee, consisting of three of the Senate, to be named by the Chair, and four of the Assembly, be appointed to inquire into and investigate the proceedings of the State Harbor Commissioners and make report thereon to the Senate and Assembly, respectively, with such recommendation as the committee may deem proper, and that such committee have power to send for persons and papers. Printing required by State officers. No. VIII.-Concurrent Resolution. [Adopted December 19, 1867.] Resolved by the Senate, the Assembly concurring, That all printing, except advertising, ordered or required by the officers of any State Board or State institution, shall be executed by the State Printer. No. IX.-Concurrent Resolution. [Adopted January 7, 1868.] Resolved by the Senate, the Assembly concurring, That Pro- Geological fessor J. D. Whitney be invited to address the Legislature on survey. the subject of the progress of his labors as State Geologist, and the use of the Assembly Chamber be tendered him for that purpose, on any evening that may suit his convenience. No. X.-Concurrent Resolution. [Adopted January 7, 1868.] ator. Resolved by the Senate, the Assembly concurring, That the Election of Senate and Assembly will meet in Joint Assembly, the seven- U. S. Senteenth day of January instant, at twelve o'clock M., for the purpose of reading and approving the Journal of the Joint Assembly held for the election of a United States Senator. No. XI.-Concurrent Resolution. [Adopted January 9, 1868.] Resolved by the Senate, the Assembly concurring, That our Daily mail. Senators in Congress be instructed, and our Representatives requested, to use all honorable means in their power to procure the early establishment of a daily mail from the Town of Oroville, in the County of Butte, via Humbug Valley and Taylorville, to Susanville, in the County of Lassen. Resolved, That His Excellency the Governor be requested to forward a copy of the above resolution to each of our Senators and Representatives in Congress. No. XII.-Concurrent Resolution. [Adopted January 9, 1868.] Resolved by the Senate, the Assembly concurring, That our Daily mail. Senators in Congress be instructed, and our Representatives requested, to use all honorable means in their power to procure the early establishment of a daily mail from the town of Oroville, in the County of Butte, via Laporte and Gibsonville, to Quincy, in the County of Plumas. Resolved, That His Excellency the Governor be requested to forward a copy of the above resolution to each of our Senators and Representatives in Congress. Sales of No. XIII.-Concurrent Resolution. [Adopted January 10, 1868.] Resolved by the Senate, the Assembly concurring, That the State lands. Joint Committee on the Agricultural, Mining and Mechanical Arts College be instructed to examine the books of the Controller, Treasurer and Register of the State Land Office, for the purpose of ascertaining the number of acres of land sold of the seventy-two sections granted to this State for seminary purposes; also, the number of acres sold of the ten sections granted to this State for public buildings; also, the amount for which said lands have been sold, together with the amount of interest received by the State on said amount, and that they report a bill segregating said money from all other funds in the Treasury, and directing the same to be set apart as an Agricultural, Mining and Mechanical Arts College Fund. Committee assistants. No. XIV.-Concurrent Resolution. [Adopted January 11, 1868.] Resolved by the Senate, the Assembly concurring, That the may employ Joint Committee of the two houses appointed to inquire into and investigate the proceedings of the State Harbor Commissioners and make report thereon be and they are hereby authorized to appoint a Sergeant-at-Arms, a Clerk, and such other assistants as they may deem necessary. Leave of absence. No. XV.-Concurrent Resolution. [Adopted January 11, 1868.] Resolved by the Senate, the Assembly concurring. That the Joint Committee on Agricultural College and State University have leave of absence until Wednesday next, to visit the grounds donated and proposed to be donated to the State for college purposes by the Trustees of the College of California. |