The Oroville weekly gazette. [volume] (Oroville, Wash.) 1905-19??, 1914-08-21

- re site Ana it is hereby mace t n
5I--v 0f the state treasurer ila - ~, IN
70 annually on or before Ii IN ur'tirg the
f0ard OF directors Of the distI3,Trl ~, oI ana
.-Tf,s- OF state bonds which VIII " -
- - - +sa d11fv of said district Director
f., 1,sa sid amount as basis an9 ~.
sid basis 70 make the levy OF olal4 -
-7res for the said coming ysaf. ,.s+.
50 - For the uaymeut Of shiu slals
bonds 3 sinking fund 20 Re knogen ,, Tn
DESIGNATED as the quincy Nhis{ 80, ~
FIud'f shall be and the same hs.sDg ,id
--aafas and there shall be paid INTO Saio
II All sums which shall be eo. o.. .,i.s.l
by the state treasurer ~ 1900 of the
~1ert hy said district on aseOunt " -.
T~incipal sums due on its BOMBS OF Hn'
'4 =, o. fie sar,s which shall be collected
,s fr+a-ast arising from said district DDlus
- TIE extent only Of the rate o. IN
-ay-ahle By the state upon rs owl p'-.;d
r.e balance OF said interest 70 ps Ls -
INTO the Improvement funo hsfe@1 '7'
q. a- toned. q, -, ~ the
state o. said district bonds iess ohly ~.
+ Ference between the rate OF intsrtsI
-Isr-st,is hv the state upon It's own pgiius
md -rs rate on the district bOnus "HlLi!
difference shall 20 in salo lhipFO' eiii0'--
~ All interest received as the result
~ +-a Investment OF all or any part o. LIr
said sinking fund and the pTlh-Ipa.. -
-.----f5a.5 In the next succeeding section
sec . The state treasurer sfAH upon
the request II writing Of the board alu ~.
he state auditors warrant drawn for lnat
-,u-poss invest and re-irvest any rlohA.h
r. said sinking fund. not then nssos1 %
n 49, ne obligations ot said SINKING Juno
IL -1s purchase Of bonds 81 me Li--t7-
S-s-as o. Of the State OF Washington, m
Guiding the state bonds issued undsr l'.ls
a-r and IL any county. Municipal ~
school district bonds Of this state az on
which bonds when 50 purchased si.aA ~
sss-.v kept by the treasurer IN a proper
~a-er#racIe appropriately labeled; but ths
treasurer 2 asst retain n the siTlklng Il.u
a sufficient sum Of money with Whlch "
nav ne interest next falling due on sucH
II sai5 bonds herein provided 70 Dc Is
s1-d as nav have been heretofore sOl1-
THE s-a-s treasurer upon the rsq1sst ~ ~
writing u me board shall sell any o.
sad bonds SO purchased for investment
NJ a-- 'ass than the purchase prlce tnere-
manner as the sale Of the state BONDS
issued under this act. and al ot the pro-
aeaEs hereof less the costs OF sale, snGl4
30 placed IN the said sinking fund; Pro-
y-f-4 that said bonds in this section men
-i1ra1 NAV he sold upon q basis OF net IN
---asr return equal 70 the basis upon
which -hs- were purchased The sLats
treasurer shall faithfully collect al n
-s-asc ar--r.-c or said INVESTMENT bZ'n-s
ana -Ia-e same IT, said sinking fund
Sae 20 There is also hereby created
f--5 u ne known and called the
-'C-inrv Valley Improvement Fund ana
tas-e snail oe placed II tais fund.
.-' That part q the receipts from the
interest," e5As-te5 ~ Tie state treasurer
from the district bonds less tins amount
-=r-esa- -t1E the rate OF interest payable
-v --s STATE on is bonds issued under
- That pat Of the proceeds Of t.e
sale n sliz district bonds less the amount
representing me rate q interest payable
r- --s STATE referred - n SUBDIVISION
= herein. when said bonds are sold Wit
~us5 interest
49, Al water power and service rent
ais including water CHARGES.
"a And when Il is certain that there
: enough money IL the said sinking fund
-- pay ire s-u amount Of al state bonds
sz-et -15s- -.-is acr o. which can legally
be -sS-=1 both principal and interest ths1
-L proceeds from whatever source under
---s z- ss-a- - placed Il said improve
Sc . SAID Improvement fund may
Re used tr said board upon proper wa
ants ~ The state auditor for the pC--
poses cf --a--rs All = md operation OF
said system until il &c needed for said
purposes i must by tas state treasurer
ne temporarily transferred upon the
written request % the board. into either
-ls irrigation o. the sinking fund to- the
proper uses % either Of said funds . b
return 81 by r-z state treasurer OH O. the
-t-st MONEYS received which would othe--
wise 90 i-to the fund 70 which the trans
Ter vas mus made. and i IN the 1uds-
:cs1t q TIE board i IS desirable. al o
may he invested and -s-tcvssred in the
same manner and subject 70 rhs same
ft-IrS rs provided IL Ss.N-tI- ~ S-1
See Is The interest on said irrigation
district bonds IN tae hands o. the hoard
or state treasurer s11- rot begin 70 --i1
until ne state mas sod al ~ some por-
tiol u said state bonds issued under -t-is
art ard II that case only o. such = p1r
zion o. said district bonds IS equal r
amount ne portion OF re state bonds 50
sold. ana Is fast as the state treasure
shall sci any portion q said state bonds
II rar9st snail begin 70 IN o. Lk=
amount Of said irrigation district bonds
"a 80 : g a -
OK al Of said irrigation district bonds
then interest snail begin TO r,l on So
many IS are 50 sold from ths day O. such
sec. -. The state auditor and The state
treasurer shall keep tCl ana particular
--cQunts ana records o. al their pro
transmit 10 re governor II abstract % al
such proceedings tGs-s-nds-. with at az
nNaL report 70 be oy the governor laid
hasore TIE legislature b.s-1lzlly: and 81
books and papers pertaining % the mat
Ter provided for IN this act shall 81 al
times he open 10 the inspection q any
-ttQrnsy general. o- q committee Of eth
sr branch o. the legislature, or a joint
corn, tee o. both Or o. any citizen o.
Sc 50 Il shah Ne the duty q the
state treasurer TO pay the interest ~
said bonds. when the same falls due o.lt
2t the sinking fund provided for in t..is
act. on the state auditors warrant duly
drawn tcr that purpose and < is hereby
made the duty ri said a0d,tor 70 draw his
Warrant tor tGat purpose when SAID tr-
Sec. 81. This a.t. IL adopted ~ tNe
people Saal take erect ~ the JHirtv-
NrS' DAY or 1'ecswNe' \ n ni0etee0
hundred fourteen. as o. all its provisions
except those rcl3t;US - and necessary
for Is Sub-U .SSfoN - the Ne1pIa a-5 to-
rstarrtnE. 1anvSSS ms. ans rroo'eiu'inS
Visions of this att SNal| take arfs,,t as
NN'N as NAN ne uNiai She provisions ~