The daily star-mirror. (Moscow, Idaho) 1911-1939, 1920-09-23

Sec. 2. The State Treasurer is
hereby authorized, empowered and di-
rected to issue bonds of the state in
such denominations as he deems ad-
vlsable, aggregating the amount OF the
| loan authorized in section 1. 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 rate which shall not ex-
coed the rate of five percentum per
annum, and such interest shall be paid
| in equal Semi-annual installments up
on the LIST day of January and the list
! day of July in each year. Such in
stallments of interest shall be evil
denced by 40 interest coupons attach
ed to each bond in such manner that
they may be detached and removed
without mutilating either the bond or
the coupons themselves and be num-
bered consecutively from 1 to 40 in
elusive. Any or all of said bonus may,
at the pleasure of the state, sc paid
off and redeemed after 10 years from
the date of issuance.
Sec. g. The state treasurer shall
cause to be printed or Autographed
suitable bonds in proper form with
interest coupons attached thereto for
the purpose OF carrying out The pro-
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 state of Idaho with his own proper
name and in his official capacity.
They shall likewise be signed by the
secrtary of state in his official capac-
ity and be authenticated by having at
tached to each the great seal of the
state of Idaho
Sec. 3. After being signed by the
governor and the secretary of state |
and being authenticated as hereinbe-
fore provided the said bonds shall be
delivered to the state auditor who shall /
make and keep in his office a register
fully and properly describing each
bond and the interest coupons at
,ached thereto in the manner and form
n which bonds heretofore issued by
he state of Idaho are described in
he registers thereof kept in the office
If the state auditor. Having so regis
cred the same, the state auditor shall
leliver the bonds to the state treas
'rer and shall charge the treasurer
With the full par value thereof
Sec. 8. The state treasurer shall
make and keep in his office register
i all bonds issued under the provis-
ons OF this act, which register shall J
how all those things required to be
hOwn by the register thereof kept in I
he office of the state auditor and such
Their information with respect thereto c
s the treasurer shall deem it proper q
nd necessary to record. t
Sec. z. When ready to make deliv- Q
ry OF same the state treasurer shall Q
gn each of said bonds with his own +
roper name and in his official capa- Il
ty as such state treasurer and each a
the interest coupons attached there S
, shall have the autographed or
rinted facsimile signature of the o
ate treasurer, which signature shall d
nd the state of Idaho. The state D
easurer shall make delivery of the G.
'nds to the purchaser thereof on be- a.
llf of the state of Idaho and shall t6
the same time make collection from OF
i'd purchaser of the full amount of l6
e price for which the same are sold.
Sec. 8. All moneys received from W
e sale of the Idaho state highway di
ndS, fourth issue, shall be paid into sa
e Idaho state highway fund. Such is
oneys are hereby appropriated and !
ade available for the laying out sur OF
wing and constructing of a system at
state highways in the state of Ida tr
including all bridges, culverts and er
AIDES and the purchase of rights of an
y forming part thereof or being pa
cessary to be had, used or occupied
connection Herewith and for such CO
rposess only. No moneys shall at Up
Y time be withdrawn. permanently Co
m said fund except upon the war fec
It of the state auditor. lay
sec. 9. For the purpose OF creating ma
und, which said fund is hereby de- sol
ned as the state highway redemp- sat
I fund. fourth bond issue, out of lie
ich shall be paid the principal and Jal
crest upon the bonds to be issued will
Ter and by virtue of the provisions am
his act there is hereby levied tax =