Clearwater Republican. [volume] (Orofino, Idaho) 1912-1922, 1920-10-01

which will accrue and become du,
during and within the next ensuing
year
SEC. 10 II a. any time there
snail not be sufficient moneys In the
said state highway redemption fund
fourth bond issue. to pay the inter
est upon or principal Of the Idaho
state highway bonds. fourth issue
authorized by this act then due
the state treasurer shall pay the
same ont OF the general fund OF the
state The state treasurer sh.u
however rs soon thereafter as suf
flcient moneys for that purpose have
accrued to the said state highway
redemption fund. fourth bond issue
repay to the state general fund All
amounts taken therefrom under this
provision and not previously repaid
SEC. IL. For the payment of the
bonds authorized to be issued under
eno oy the provisions Of this act and
tne interest which shall accrue
thereon. according to the strict
terms thereof. the faith and credit
or the state Of Idaho il solemn,y
piedsed. and for the payment OF
such bonds and the interest thereon
IN lawful money Of the United
states of America as and when the
same shall become due the state
treasurer shall reserve anv and suf.
rlclent OF the money in his hands
al the least possible cost in prefer
encc to all other claims Whatsoever
except the interest upon and the
principal OF other bonds OF the state
or Idaho heretofore issued under
acts or the legislature Of said state
| SEC. IL. The state treasurer shall
give two weeks notice by publicn-
non IN two newspapers OF general
| circulation. one OF which is pub
nshed in the state OF Idaho. OF the
intention OF the state to sell the
ponds authorized by the provisions
CT this act and shall invite bids
therefor, Said bonds must he sold
az not less than the par value there
OF, upon me best terms offered and
az the lowest rate OF interest named
by any bidder The state treasurer
shan have the right to reject anv
and all OF the bids Offered and NAV
readvertise for bids, as herein PRO
vIded ''
SEC. Is. The expenses of print
ing or lithogrsphing .nG procuring
suitable bonds with interest commons
attached. for the purpose Of carry
ing out the provisions Of this act
snail De paid out of the moneys arts
ing from the sale thereof as An ex
pense incident 20 the laying out
surveying and constructing OF said
system of state highways.
SEC. "A. The said state highway
bonds, fourth issue, to be issued un-
der the provisions Of this act. shall
pear date OF January I. 1927. and
become due January I, 1874. Both
,, nos and interest coupons herein
authorized to be issued shall be pay
able at the office Of the state treas
urer at Boise. Idaho.
SEC. Is. The department Of pub
lie works Of the state Of Idaho Is
hereby directed to apply the pro-
ceeds OF the said Idaho state high
way bonds, fourth issue, as follows
to wit:
TO the completion or construction
OF state roads or bridges in coopera-
ton with counties and highway dis
tricts OF the state of Idaho or the
federal government or both. in such
amounts as deemed proper by the
department
The foregoing allotment is made
contingent upon the availability Of
cooperative funds to be supplied by
counties, highway districts and the
federal government, as provided by
law. or funds supplied by private
donation or received from any other
source, and should it appear to the
satisfaction OF the department OF
public works at any time subse-
Quent to January l. 1922, that CO.
operative funds will not be supplied
In the necessary amounts to make
use of the entire amount herein ap-
propriated, the department of pub
lie works may use, at its discretion
any remainder for the construction
or completion of such state high
ways as deemed by it for the best
interests of the state
SEC. 16. This act shall not take
effect until at the next general cleo
ton it shall have been submitted to
the people and shall have received
majority of all the votes cast for
or against 1t at such election.
The question to be submitted to
the electors of the state ct the next
general election in order to deer
mine whether they will approve or
reject this act, shall be as follows:
Shall a bono issue OF 100000
be authorized for the laying out.
surveying and constructing OF state
highways?
SEC. II. The secretary Of state
is directed to publish this act in one
newspaper in each county, II one
be published therein, throughout the
state for thrce months next proceed
Ing the next general election. The
secretary OF state is directed to GER
tify to the county auditors and the
latter to print on the ballots at the
next general election the foregoing
question. The returns on said ques-
tion shall be courted, canvassed and
certified In the manner provided by
law for constitutional amendments.
Approyed March "a 1913