The Oroville weekly gazette. [volume] (Oroville, Wash.) 1905-19??, 1914-07-24

| upon ana Sflall De piiu OAh -
| in the same manner as warrants $50
| drawn upon any part of the general iuiiu
| of the state. And ii is hereby mace tLSS
duty of the state treasurer ana me oUat IF
| to annually on or before the first DAY o.
| August of each year, notify IN Writus tt ne
| board of directors of the dlstllGt Oh VA
| during the coming year and it is hereby
made the duty of said district dlIecto n,7
to use said amount as basis and upon
taxes for the said coming year.
| Sec "a. For the payment of said state e
bonds sinking fund 70 be %,, KnoS Snk ing
| Fund" shall be and the same herepy Is
created and there shall be paid into saiu
| fund: ..uo,.o7
| by the state treasurer by reason OF pay
| ment by said district on account OF tLie
principal sums due on it's bonds or any
fn co " All Sums which shall be collected
| as interest arising from said district BONDS
to the extent only of the rate OF interest,"
i the balance of said interest to be pald
into the improvement fund hereafter
| mentioned 49,
state of said district bonds less only the
difference between the rate of interest,"
payable by the state Hpo9 us bo 0Ws Wbich
difference shall go in said Improvement
fund. ..,4
of the investment of all or any part of the
said sinking fund and the principal as
| provided in the next succeeding secuon.
Sec. 25. The state treasurer shail u, upon on
the request in writing of the board and on
the state auditors warrant drawn for that
/ purpose invest and re-invest any moneys
in said sinking fund, not then needed to
in the purchase of bonds of the United
States or of the State of Washington. in
Guiding the state bonds issued under this
act, and in any county; municipal, or
school district bonds of this state all OF
which bonds when so purchased shall be
} safely kept by the treasurer in a proper
receptacle appropriately labeled but the
! treasurer must retain in the sinking fund
a sufficient sum of money with which to
pay the interest next falling due on such
of said bonds herein provided to be is-
; sued as may have been heretofore sold
The state treasurer upon the request in
writing of the board shall sell any OF
said bonds so purchased for investment
) at not less than the purchase price there
of and interest. to be sold in the same
manner as the sale of the state bonds
J issued under this act and all of the pro-
ceeds thereof. less the costs of sale, shall
vided. that said bonds in this section men
toned may be sold upon a basis of net in
terest return equal to the basis upon
ney sb Were aS2 Collect All 6
; terest ACQUIRING on said Investment bonds
and place same in said sinking fund.
Il Sec &C. There is also hereby created
: Quincy Valley Improvement Fund" and
there shall be placed in this fund:
| Cd That part of the receipts from the
; interest collected by the state treasurer
! from the district bonds less the amount
representing the rate of interest payable
: by. the. state on its bonds issued under
t this act
: 60 That part of the proceeds of the
E sale of said district bonds less the amount
representing the rate of interest payable
f by the state referred to in subdivision
5 CD herein, when said bonds are sold with
} accrued interest.
OH aud rot,t
ais including water charges.
81 O And when it is certain that there
Is enough money in the said sinking. fund
to pay the full amount of all state bonds
2 issued under this act or which can legally
be issued both principal and interest, then
this act shall be placed in said improve
e ment fund.
: Sec. 81. Said improvement fund may
e be used by said board upon proper war
t rants by the state auditor for the pur-
l poses of maintenance and operation OF
Y said system until it is needed for said
t purposes it must by the state treasurer
be temporarily transferred upon the
5 written request of the board, into either
the irrigation or the sinking fund for the
returned by the state treasurer out of the
f first moneys received which would other
wise go into the fund to which the trans
; fer was. thus made, and if, in the judg-
t ment of the board, it is desirable, all OF
e any portion of said improvement fund
r may be invested and re-invested in the
= | r,,ins as nro,,idad Il, soJti - ont e f;
e Sec. 2S. The interest on said irrigation
state m 'S o mos pf ine 70 ooaTo
until the state has sold sod all or some 70 p ru
y ton of said state bonds issued under this
tion Of said distict WA Tii nuc1 d POI T.
9 amount the portion of the state bonds sc
! spidi anu as iast as lIie state treasurel
intarest shai pbaoin ~ S1iu soa'e oorps
S amount of said irrigation district bonds
nut II we stdte tIe'N, SHali sell any
or To an OF said irrig alton district bonds
o,n m eiia i, s GeSIil " run on 50
: sain 90 "io 81 Soiu iioih Tie udy Vi suci'
& 'd ~ 90 rrho ..o4, ,,,,,.o,, A.,
te Sc. ~. Iii slate d1 G anu the STATE
n,'t Sraii heep LUZ aIiu paIticulai
noeG;nns ala, t,iH liz u az t t pro-
ransn1it ~ oii taa ts ac., ata tney sna,
such nroceeings theren e., Titb VI al
nI,ai 1900 ehI I ny VIII an ~
hofnra ~ loUis,ot,pSS ~ SUYv!hor idiu
bonIrs M 1889 utS anu az
ter nrovided for IN tbis ni tJ We maj
lines be enen nor 70 ~ tho ems ace S at an
nart, mi nier upe, " NE inspeeon Oh any
attorney General or a coSnoittne of Fl ei tibe
q | anittao % % LII tat ieS aus OF Joint
II Tho state - 'o'''' vi VI any ei'i@eh Vi
III" Sec 90 II shall he tba dutv Of tho
stota to s,,rar t ~ , NC eHe uu.y VI lne
Sid bonda Wien th pay me e. ~, 5 OF
Of tbo Wei t5,e Sai,i9 taits due 9ut
act on the s{at e adito LOT IN ts
n, sdo tho bor ana ,,at PurR3se ana u Is hereby
,,iau1 we f ou'f 81 salu auuitoT 10 oraW ms
terast is i ohont III Ros g. when salo IN
So o, t'"1 sTti ~ t"ii uue ios l., A..
peonle shall take effert on tGe tbirtt me
rot Hii az 6 f5he ebtec' On the tlrtN-
hundr eS foI1rteen NJ e. IL i+ ~ niheieen
eUcent tboea 10 " an rts PROVISIONS
for ~ oiosG rei,t1Is 10 anu necessary
rot,, 49,, m,n ~ '1e Psopie, anu ior
The ynte ond os alu Pr2tla a
Visions If a tbis "s 70 Saru eTceptea pro-
soon as VI ro ,niI az sinail .ahe erect as
tH Toh aa may pt uHuer tue PROVISIONS or
ments 'oiiS 'i'u'ioii anu l's amend
Sec 90 This oct shall ba s,,hr,,it+oa
| 70 ~ 90, nt s az sndi pc supnltted
TO-, 'tI peopiti 81 ne otate OF washington
Iat t1ii - - I9 az Tue next general