The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1920-10-12

for a portion Of the cost of laying out.
surveying and constructing system
loan Of s2,oo0.ooo is hereby author
lied to be negotiated upon the faith
and credit Of the state Of Idaho: :.
hereby authorized, empowered and di-
rected to issue bonds Of the state In
such denominations as he deems ad-
loan authorized in section /. which
shall be known as Idaho state high
way bonds, fourth issue. and shall be.
come due 20 years from the date OF
their issuance. Such bonds shall bear
interest at a rate which shall not ex-
ced the rate Of five per &c n per an
equal semi-annual installments upon
the LIST day of January and the LIST
SAY of ay in eaGe Shall Se
denced by 40 interest coupons attached
to each bond in such manner that they
initiating either the bond or the cou-
pons themselves and be numbered con-
secutively from to 40 inclusive. Any
ure Of the state, be, paid off and re-
deemed after 10 years from the date
Sec. j. The state treasurer shall
cause to be printed or Autographed
interest coupons attached thereto for
visions Of this act.
Sec. 4. All bonds issued under and
by virtue of the provisions of this act
shall be signed by the governor of the
name and in his official capacity.
Tnsy sns Of ssSte in be his sg oc By se
pacity and be authenticated by having
attached to each the great seal of the
Sec s. After being signed by the
governor and the secretary of state
and being authentieated as hereinbe-
delivered to the state auditor who
shall make and keep in his office
register fully and properly describing
tached thereto in the manner and form
in which bonds heretofore issued by
the state of Idaho are described in
Of the state auditor. Having so regis.
tered the same, the state auditor snail
deliver the bonds to the state treasurer
the full par value thereof.
Sec. s; The state treasurer shall
Of ali bonds isspd under the provisions
Of this act, which register shall show
all those things required to be shown
flee of the state auditor and such other
information with respect thereto as
the treasurer shall deem it proper and
Sec. I. When ready to make deliv-
sign each of said bonds with his own
pacity as such state treasurer and
each of the interest coupons attached
thereto shall have the autographed or
printed facsimile signature of the state
the state of Idaho The state treasurer
parehaser thereof on behaif o OF the State ate
of Idaho and shall at the same time
MAKE iSs collection from said pGrsnaser
which the e'i same 0a are sold sol ."s price '0f
Sec. s. All moneys received from
the sale of the Idaho state highway
the Idaho state highway fund. such
moneys are hereby appropriate and
made available for the laying out. sur
of state highways in the state of idaho,
including all bridges, culverts and
grades and the purchase of rights Of
necessary to be had. used or occupied
in connection herewith and for such
pI m Ss only No moneys shall at any
said fund except upon the warrant Of
the state auditor.
s fund which ESf 'h sas Sss Of sspgg
designated as the state highway re-
demption fund; fourth bond issue, out
and be RsS son ss 20
sued under and by virtue of the pro-
visions of this. act there is hereby
10000 upon each dollar in value of
the taxable property within the state,
the same to be known as the state
highway tax. and the proceeds of the
same are hereby appropriated and set
aside until such time as the said Idaho
state highway bonds. fourth issue. and
all interest which shall have accrued
thereon are fully paid and redeemed.
The moneys accruing from the source
above mentioned. which are hereby al
yerted, appropriated and set aside for
the purpose above set forth, shall be
by the state auditor and state treas
| urer credited to and placed in the said
state highway redemption fund, fourth
bond issue out OF which fund the sta s
the Idaho state. highway bonds. fourth
ialua. aa thA same shall hAcnma dna