East Oregonian : E.O. (Pendleton, OR) 1888-current, 1919-02-22

roads as from time to time they
may deem of sufficient public
importance, and may improve,
better or pave the same.
Section IL. The State High
way Commission shall pay the
interest upon said bonds as the
same shall become due, from
any funds subject to its control,
from whatever source the same
may come, and the payments
upon the principal of said
bonds, as the same shall be-
come due, shall be paid by the
State Highway Commission
from any funds within it's con-
troll, without regard to the ori-
gin of said funds.
Section II. Any surplus or
uneXpended balance of the
fees received under the opera
ton of House Bill No. 500,
passed by the legislative sessi-
on of 1917, and amendments
thereto, which bill is entitled
"For an Act to amend Chapter
174 of the General Laws of
Oregon for 1911, as amended
by Chapter 135 of the General
Laws of Oregon for 1913 and
as amended by Chapter $50 of
the General Laws of the State
of Oregon for 1915; providing
for and regulating the use,
registration, license, identified
ton, conduct and operation of
vehicles operated upon the
public roads, streets and high
ways of the State of Oregon;
to regulate and license the per-
sons who drive the same; to
prescribe penalties for viola
ton hereof and to prohibit the
unauthorized possession or use
of a vehicle and to provide
penalty therefor; to license
and identify all motor vehicles;
to limit the authority of cities
and towns on like subjects
concerned with said vehicles;
to prescribe the duties of the
Secretary of State as to Ger
tain provisions of this Act; to
provide for the handling and
distribution of the funds de-
rived from the operation of
this Act and to repeal all Acts
and parts of Acts in conflict
herewith" remaining after the
payment of all claims incurred
in carrying out the provisions
thereof or estimated by the
Secretary of State as necessary
to defray any further admins
trative expenses for the bal
ance of any license year, and
remaining after the apprOpria-
ton of so much of said fund as
has been or shall hereafter be
made to make effective and
carry out the provisions of
Chapter 423 of the General
Laws of Oregon for 1917,
shall be transferred on the first
day of April and the first day
of October in each year by the
Secretary of State to the High
way Fund to be expended un-
der the jurisdiction of the
State Highway Commission in
payment of the interest and
principal as same shall be-
come due upon bonded indebt-
edness of the State of Oregon,
contracted for road purposes
under the provisions of this
Act and prior highway legisla-
ton.
Section 13. In carrying out
the provisions of Section IL
herein, on or before the tenth /
day of January of each year,
the State Highway Commits |
sion shall certify to the State .
Treasurer the amount neces-
sary to pay all interest and
principal on State Highway
bonds for the ensuing year and
the State Treasurer during the
month of January of each year, i
or as soon thereafter as suffi-
cient funds are available, shall
transfer from said State High
way Funds sufficient sum to
pay all interest and principal
which shall become due during
the year in which said transfer .
IS made on all State Highway
bonds herein authorized to be
ssued and all interest and prin- !
;ipal on State Highway bonds /
heretofore issued or to be is t
iued under any prior Act of the I
legislative Assembly or to be g
ssued Under any prior Act of I
he Legislative Assembly of the 7
state of Oregon which funds h
o transferred shall be held and 7
designated as the yearly State d
Bond Sinking Fund s
nd shall be exDended under a