Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1920-10-08

tereSt coupons attached TO said bono
become due, beginning January 1, 1913
he shall also pay so much OF the prir
.E cipal of said bonds as 1t may be poss
~ ible to pay after reserving in said fun
- moneys sufficient in amount TO pay tn
'E interest upon those bonds then out
Y standing which will accrue and becom
Il due during and within the next ensuin
Z year.
NJ SEC. 10. II at any time there shal
}. not be sufficient moneys In the salt
, state highway redemption fund fourtl
r bond issue to pay the interest upon o.
% principal OF the state highway bond,
!. fourth issue, authorized by this act
( then due, the state treasurer shall pay
G the same out of the general fund Of the
[ state. The state treasurer shall, how
G ever as soon as sufficient moneys for
R that purpose have accrued to tile said
. state highway redemption fund, 70 II h
3 bond issue, repay to the state general
: fund all amounts therefrom under this
: provision and not previously repaid.
SEC. II. For the payment of the
tonds authorized to be issued Under
md by the provisions of this act and
the interest which shall accrue thereon.
according to the strict terms theI ecf.
the faith and credit of the state of
Idaho is solemnly pledged, and for the
paymen Of such bonds and the interest
thereon in lawful money Of the IJnited
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
posi- le cost, in preference to al ,,ther
Claims whatsoever, except the interest
upon and the principal of other bonds
+of the state of Idaho heretofore issued
under act of the legislature Of said
state.
SEC. -. The state treasurer shall /
give two weeks notice by publication
in two newspapers of general circu-
lation, one Of which is published in the
state Of Idaho, of the intention of the
state to sell the bonds authorized bv
the provisions of this act, and shall
invite bids therefore. Said bonds mus.
be sold at not less than the par value
thereof upon the best terms offered
and the lowest rate of interest named
by any bidder. The state treasurer ,
snail have the right to reject any and 7
all of the bids offered and may re- ,
advertise for bids, as herein provided. =
SEC. 13. The expenses Of printing :
or hthographing and procuring suit +,
able bonds with interest coupons at .
Iached, for the purpose of carrying :
out the provisions of this act. shall he
'aid OUT OF the moneys arising from the r
sale thereof as an expense incident 70 =
he laying out surveying and construct /,
ng or said system of state HIGHWAYS. =
SEC. IA. The said state HIGHWAY a.
.onds, fourth issue, to be issued under y
he provisions of this act, shall bear :, u
late OF January 1, 1921, and become !.
ue January 1, 1871. Both bonds and -
interest coupons herein authorized TO ID
e issued shall be payable at the office =
L the state treasurer at Boise. Idaho. =.
SEC. Is. The department of public ~
lorks OF the state of Idaho Is hereby IL
lrected to apply the proceeds of the &C
aid Idaho state highway bonds. fourth ~
;sue, as follows, towit CO
To the completion or construction "a
I state roads or bridges in cooperation %
.lth counties and highway districts oe
the state of Idaho or the federal Ie
overnment or both, in such amounts w
deemed proper by the department an
The foregoing allotment Is made M
ntingent upon the availability of CO.
erative funds to be supplied by coun IF
ss' highway districts and the federal
Vernment, as provided by law or 10
nds supplied by private donation or
celved from any other source and pia
ould it appear to the Satisfaction the
the department of public works AT cia
y time subsequent to January /. 1922 and
1t cooperative funds will not be SIM abo
ed in the necessary amounts r. her
Ike use of the entire amount herein the
oropriated the department of pubIic Of
rks may use at its discretion anv serv
nalnder for the construction or and
npletion of such state highways as whe
smed by it for the best interests of that
state "a said
SEC. Is. This act shall not take spec
'ct until at the next general cleo men
1t shall have been submitted to the com
pie and shall have received a ma
ty of all the votes cast for or title
INST IT at such election. TIVE
Inc question to be submitted To lage
electors of the state at the next
eral election in order to detrnfne said
'ther they will approve OF reject Sept
act, shall be as follows: Is
Shall bond issue Of $4,000 ooo he
iorized Tor the laying out, surveying
constructing of state highways?
&c. IL. The Sescrtary of the state
lrected to publish this act in one AttoI
spaper IN each county, If one be Heis
ished therein, throughout the state 1ress
three months next preceding the
general election. The secretary ALA
tate is directed to certify to the
NY auditors and the latter to print I
the ballots at the next general 49,. OF
Ion the foregoing question. The State
ms on SAID question shall be count of Lii
canvassed and certified in the JOIN
ner provided by law for consti-
nal amendments.
Approved March IA, 1919. JOIN
BHAER G. THORPE - ~
AUTO EXCHANGE so,, a.
,.,,, - Y