The Oroville weekly gazette. [volume] (Oroville, Wash.) 1905-19??, 1914-10-02

Warrants upon said fund shall DO drawn
upon and shall be paid out OF said funo
in the same manner as warrants III
drawn upon any part OF the geneiAi iuho
duty Of the state treasurer and the board
to annually, on or before the first day OF
August of each year. notify In writing tne
number of state bonds which win be sold
made the see duty S " said district directors
to use said as tSs basis o snd
taxes for the said coming year.
Sec. "a. For the payment Of said state
s ak se Go Vaey Sinking
Fund" shall be and the same hereby is
created and there shall be paid into said
~ All sums which shall be collected
by the state treasurer by reason OF pay
ment by said district on account OF the
principal sums due on Its bonds or any
i2) All sums which shall be collected
as interest arising from said district bonds
to the extent only of the rate OF interest
t the balance Of said interest to be paid
into the, Improvement fund hereafter
as The proceeds of all sales by the
state Of said district bonds less only the
difference between the rate of interest
payable by the state upon Its own bonds
difference shall go in said improvement
fund.
20 All interest received as the result
the Of al Or any
provided in the next succeeding section.
Sec. 25. The state treasurer shall upon
the request n Writing OF the board o ara on
purpose invest and re-invest any moneys
in said sinking fund. not then needed to
meet the OBLIGATIONS OF said sinking FUND
States or Of the State Of Washington. in
GLIDING the state bonds issued under this
act, and In any county, municipai, or or
which bonds when SO purchased shall be
safely kept by the treasurer In a proper
receptacle appropriately labeled; but the
!. 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
OF and interest. to Be sold in the same
manner as the sale Of the state bonds
issued under. this act, and all Of the pro:
| be placed in the said sinking fund: Pro-
vided. that said bonds In this section men,
toned may be sold upon basis Of net in
which they were purchased. The state
treasurer shall faithfully collect all in
terest ACQUIRING on said investment bonds
Sec g. There is also hereby Created
a. fund to be known and called the
Quincy Valley Improvement Fund" and
That pc part of the receipts from the
from the district bonds less the amount
the rate Of PaSe
~ That part Of the proceeds of the
representing the rate of interest payable
by the state referred to in subdivision
% herein, when said bonds are sold with
(3) All water power and service rent
W And when 1t is certain that there
is enough money In the said sinking fund
issued under this act or which can legally
be issued. both principal and interest. then
al proceeds ss from whatever source under
ment fund.
Sec. p: Said improvement fund may
be used by y, said i, board upon proper war.
poses Of maintenance and operation Of
said system until 1t is needed for said
purposes 1t must n, by the state treasurer
written request Of the board, into either
the irrigation or the sinking fund for the
proper uses Of either Of said funds to be
first moneys received which would other
wise go into the fund to. which the trans
fer was thus made. and II, In the 5udg-
} any portion Of said improvement fund
may be invested and re-invested in the
} same manner and subject to the same
Sec. %. The interest on said irrigation
district bonds In the hands Of the board
or state treasurer shall not begin to rur
ton Of said state bonds issued under this
act and In that case only on such a por-
ton Of said district bonds as equal ir
sold; and as fast as the state treasurer
shall sell any. portion Of said state bonds
interest shall begin to run on. a like
But II the state treasurer shall sell any
or all Of said irrigation district bondi
then interest shall begin to run on &C
many as are so sold from the day Of such
II Sec. 20. The state auditor and the state
treasurer shall keep. full and particular
! ceedings under this act, and they shall
transmit to the governor an abstract Of al
such proceedings hereunder, with an an.
before the Legislature biennfaliy; and al al
ter provided for In this act shall at al
party interested, or the governor. or The
| attorney general, or a committee Of eth.
} err branch Of the legislature, or a joint
committee Of both. or Of any citizen o.
Sec. 80. 1t shall be the duty of tn.
state treasurer TO- pay the interest o.
Of the sinking FUND provided for in thi,
act, on the state auditors warrant duly
drawn for that purpose; and It is hereby
variant te for o that I purpose When saiS I'M
4. Sec 81. This act. If adopted by tn.
people shall take effect on the thirty
!: hundred fourteen, as to all its provisions
except those relating to and nece.sar,
for Its submission to the people; ana fol
the vote. and as to said excepted pro:
visions Of this act shall take effect Al
soon as may be under the PROVISIONS q
ments
Sec. 80. This act shall be submitted
to the people, Of the the State Of washington
election to be held in the month Of No.
vember. A.. D. nineteen hundred fourteen
and all ballots Of said election shall have
the words, "For Quincy Valley Irrigation
Act" and In separate line under the
quincy aa.S ya alley
shall be left spaces in which the. voter
may make cross to indicate whether he
votes for or against the said act. and
placing cross opposite the words "Fol
Quincy Valley Irriga ION Act" and all
those voting against said act shall do 90
Against Quincy Valley Irrigation Act. i
Sec. 80. The governor of this state shall
include the submission Of this act to the
clamation calling for said general cleo
i ton.
Sec. "a. The secretary Of the state shall
pie Of this state and the same to be pub
4 lished in at least one newspaper in each
county. II one be published therein,
next preceding the election at which
1t is submitted to the people as herein
provided. And the sum Of ten thousand
| 100000 dollars or SO much thereof as
may be necessary is hereby appropriated
| to pay for said publication, the same to BIZ