Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1920-09-17

become due. beginning January /. 1891.
ne shall also pay so much OF the prn-
1 cipnl OF said bonds as II may be poss-
lhlc 10 pay after rescrving in said fund
moneys sufficient In amount 10 pay the
interest upon those bonds then out
standing which will accrue and becom
due during and within the next ensuing
year.
SEC TO- n at any time there shall
not he sufficient moneys in the said
state highway redemption fund. fourth
bond issue TO pay the interest upon or
principal OF the state highway bonds
fourth Issue. authorized by this act.
then due. the state treasurer shall pay
the same out of the general fund of the
state. The state treasurer shall. how
ever as soon as sufficient moneys for
that purpose have accrued TO the said
state highway redemption fund 10 II h
bond issue, repay TO the state general
fund all amounts therefrorn under this
provision and not previously repaid.
SEC. IL. For the payment Of the
tonds authorized to be issued Under
and by tho provisions OF this act and
the interest which shall accrue thereon, |
according to the strict terms then eof /
the faith and credit OF the state OF /
Idaho is solemnly pledged. and for tie !
paymcn 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 treas
ured shall reserve any and sufficient
of the money in his hands. at the least
possii lie cost, in preference to al nther
claims whatsoever. EXCEPT the interest
md tho min . ]
OF the state of Idaho heretofore issued
under act of the legislature Of said
state.
SEC. 70. The state treasurer shall
give two weeks notice by publica ton
N two newspapers of general circu-
ation. one of which is published in the
state Of Idaho, of the intention of the
state to sell the bonds authorized by
he provisions of this act. and shall D
invite bids therefore Said bonds mus.
oe sold at not less than the par value
hereof. upon the best terms offered z
md the lowest rate of interest named I
" any bidder. The state trea surer 7
haH have the right to reject any and &
Il of the bids offered and may re- Il
dvertise for bids as herein provided. II
SEC. -. The expenses of printing o
r lithoeraphing and procuring suit Il
bic bonds with interest coupons at Y
'ched. for the purpose of CARRYING T.
nj the provisions of this act. shall be Of
ana out of the moneys arising from the :
ale thereof as an expense incident to p
1e laying out surveying and construct h
lS of said system of state HIGHWAYS. d,
SEC. II. The said state highway l5i
onds. fourth issue TO be issued under 4
nroVicfNnc 1f
ate of January 1. 1921, and become &c
lie January l, 1871. Both bonds and he
terest coupons herein authorized 70 n
= issued shall he payable at the office Tn
the state treasurer at Boise Idaho. co
SEC. H. The department Of public c.
orks Of the state OF Idaho is hereby 90
rected to apply the proceeds of the qa
id Idaho state highway bonds, fourth e.
sue. as follows. towit do
To the completion or construction IT,
state roads or bridges in coopera ton "
18th counties and highway districts an
the state Of Idaho or the federal MI
'vernnent or both. in such amounts
deemed proper by the department TT
The foregoing allotment is made
upon the availability of Co To
eratfve funds to be supplied by coun-
g. highway districts and the federal n1o
vernment. as provided by law. or ~,
Ids supplied by private donation or oio
'eived from any other source, and
1nld it appear to the satisfaction -
the department of public works at ~,
V time subsequent to January l, 1922. AZ
4 cooperative funds will not be SUD- -
ed in the necessary amounts to -
Ike use of the entire amount herein
oropriated, the department of public
rks may use at its discretion any .,.
nainder for the construction or '''.'
npletion of such state highways as "a II
'med by il for the best interests OF 9''e
state. mel
SEC. rs. This act shall not take 'ofi
sct until at the next general cleo
1t shall have been submitted to the '''
ple and shall have received ma y"
ity of all the votes cast for or "'S'
inst it at such election.
eInctors 20 tbo 80. SUNNI Tea 10 Sen
eral election in order to detrmine =
'ther they will approve or reject
act. SHAH be as follows:
Shall a bond issro If 50 600 nnO be
lorizcd for tho laying out. surveying
constructing Of statei highways? Alto
&c. II. Tho Scsortar,. - ~ 49,. Hei.
ERECTED to publish tbis act l., 80 Tres
spaper in each county. If one he
Iished therein. throughout the state ALI
three months next proceeding the
general election. The secretary
tate is directed to certify to the
lty auditors and the latter to print ~
the ballots Mt the next general ot9t
hon the foregoing question. The OF l.
rms on said question shall be count
canvassed and certified in the '0'
nor provided by law for consti-
nal amendments.
Annro,.od ,torob =, ,o,o jon
600
TIL