The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1920-09-23

~ ACT.

Providing for The issuance and saj
Of State bonds Ia til sum Of 81
100000; appropriating the proceed
Of tie sajo thereof for IL naymen
Of 8 portion Of the cost Of layinl
out, surveying and constructing
system Of state highways Il
the STATE Of Idaho; providing =,
: tax levy > redemption Or sink
ing fund Ton tho payment Of tn
bonds # maturity and III inter
ct thereon e IL same become.
dus; Appropriating The moneys
which shall accsu6 e such sink.
Ing fund for III purposes 1oi
which provided; directing tie d..
pArtmeat Of public works hon
to apply the ptoesods Of the sale c1
said bonds hereby authorised; and
providing for th0 approval or re-
lection hereof ~ tbs people Of the
state.
Be Il enacted BY IL Legislature Of
the State Of Idaho:
Section !. For the purpose Of pro-
viding moneys to be used in paying
for = portion Of the cost Of laying out,
surveying and constructing . system
Of state highways in the state Of Ida
no . loan Of $1,000 900 - hereby au-
thorized to be negotiated upon the
faith and credit Of the state OF Idaho.
Section 2. The STATE Treasurer 10
hereby authorized, empowered and d.
rected 70 issue bonds Of the state in
such denominations ~ he deems adj
visable, aggregating the amount Of
the loan authorized in section l, which
shall be known ~ Idaho state highway
bonds. fourth Issue, and shall become
due 20 years from the date Of their
issuance. Such bonds shall bear in-
tercst ut = rate which shall not ex-
coed the rate Of 1--WE percentum per
Annum, and such interest shall b. paid
In equal semi-annual installments up
On the LIST day Of January and the LIST
day Of July in each year. Such in
Itallments Of interest shall be evil
fenced by 40 interest coupons attach
I'd to each bond in such manner that
hey may be detached and removed
without mutilating either the bond or
he coupons themselves and be num-
,ered consecutively from ] to 40 in
lusive. Any and all Of said bonds
nay, at the pleasure Of the state, be
~iu ", @,u oASei AZ years
rom the date Oh Issuance.
section 8. Inc state treasurer
nail cause 70 De printed or litho-
raPned suitable bonds IN prop
form with interest coupons at
ached thereto Tor the purpose. OF car
ylng out the provisions OF this act.
Section 4. All bonds issued under
nd by the virtue OF the provisions OF
lis act snail be signed by the COVER
or OF the state OF ldaho with his own
roper name and IN his official capac-
y. lhey snail likewise be signed
the secretary OF state IN his official
'pacity ana be authenticated by hay
* attached to each the great seal Of
&C S ssa.e u A"1no.
s.' - Icing sleheo ny
70 kosSinor anu ens secretary OF
~ as anu Dens 1Arhel.l:steo as mere,
! 49, lys.ueu '"e eAIo ooilus shaiI
ueiIse,eu W Inc s.a.e Suuitof VINO
81 80, u resp ~ ms o1Iice .
e lsssL jNny ~ PIoPerly oescTlDihB
IN - IvLu Anu .nV ln.erest coupons AT
cne1 hereto IN tne manner ana iorm
"n, s oo"us heletoIols issued oy
= sIse VI luAno are oescripeu IN
: Lesls.ers tneIeoI KEEP IN u e o1lice
. .ns 49,. ~ suui.ol having 10 reg
.creu tne same tns state auditor
al ae.iver 'ne ponos 10 5ne state
easul ", .hu snnii cnAree tns treas
g WIN 'ne I'M pal vaiue .hereol. I
oSeuv ne s.Ate treasurer
' ~ anu Asep ~ ms oii'ce
s.sssi "a 81 pohus issuel uuuer tne
ou " ms Ac'' wn'cn reRlseel
al ~ .Iow 81 'i.1se Ihlngs required Q
=, ~ !. '. 4p ~ 'ne register tnereoI 5
= - shs piiiee Of .ne s1ate auuitor G
y. 'a tha- o.ner in .S win re- ?
-, ~ 1; s''e,eso 90 .ne sreasuIer snali =
= !" piopei anu necessary 70 re- a
". O.
section q When ready to make de- c,
cry OF same the state treasurer 81
III sign eacn OF SAID bonds with his p
n proper name and IN bis official n
' ( :. sucn s.aee ereasuIer snd q,