The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1920-10-21

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
register fully and properly describing
each bond and the interest coupons at
tached thereto In the manner aud
form In which bonds heretofore issued
by the state Of Idaho are described
In the registers thereof kept In the Of
flee Of the state auditor. Having so re-
gistered the same, the state auditor
shall deliver the bonds to the state
treasurer and shall charge the treas
Iurer with the full par value thereof.
SEC. Q. The state treasurer shall
make and keep in his office a register
Of all bonds issued under the provis-
ins of this act, which register shall
show all those things required To be
shown by the register thereof kelt In
the office of the state auditor and
such other information with respect
thereto as the treasurer shall deem II
proper and necessary to record.
SEC. z. When ready to mike deli,
cry Of same the state treasurer shall
sign each Of said bonds with his cwn
proper name and in mis- official car q
city as such state irea glrsr and each
Of the interest coupons attached here
to shall have the Autographed or
printed facsimile signature of the
state treasurer, which signature, shall
bind the state of Idaho. The state
treasurer shall make delivery Of the
bonds to the purchaser thereof on be-
half Of the state of Idaho and shs IL
at the same time maze collection from
said purchaser of the full amount of
the price for which the same arr sold.
SEC. g.. All moneys received from
the sale of the Idaho state highway
bonds, fourth issue, shall b.. paid into
the Idaho state highway fund Such
moneys are hereby apr ,piIatej and
made available for the laying ont, sur
veying and constructing OF u system Of
state highways in the state OF idaho,
including all bridges, culyerts, ind
grades and the purchase OF rights of
way forming part thereof or beng
necessary to be had, used or occupied
in connection therewI-h ard for sucf
purposes only. No moneys shall a!
any time be withdrawn permanently
J from said fund except upon the war
rant of the state auditor.
SEC. y. For the purpose or Great
ing a fund, which said fund Is hereby
designated as the state highway 70
demption fund, fourth bond issue, Out
Of which shall be paid the principa
and interest upon the bonds to be Is
sued under and by virtue of the pro
visions of this act there is hereb,
levied tax of four-tenths Of one mil
($.0004) upon each dollar in value o.
the taxable property within the state
the same to be known as the stat
highway tax, and the proceeds Of tn
same are hereby appropriated and sc
aside until such time as the said Ida
no state highway bonds, fourth issue
and all interest which shall have &C
crued thereon are fully paid and re
deemed. The moneys accruing fron
the source above mentioned, whicl
are hereby diverted, appropriated ant
set aside for the purpose above se
forth, shall be by the state audito
and state treasurer credited to an
placed In the said state highway N
demption fund, fourth bond issue, on
of which fund the state treasurer shal
pay the interest upon the Idaho stat
highway bonds, fourth issue, as th
same shall become due and upon any
day upon which the interest coupons