Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1920-10-29

and upon any day upon which the in
terest coupons attached to said bond
become due. beginning January /. 1881
he shall also pay SO much OF the prin
cipal OF said bonds as It may be poss
ihle TO pay after reserving in said fun,
moneys sufficient in amount 10 pay tn
interest upon those bonds then out
standing which win accrue and becom
due during and within the next ensuing
year.
SEC. TO- II ut any time there shall
not be sufficient moneys in the said
state highway redemption fund. fourth
bond issue to pay the interest upon OF
! 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 shan. how
ever as soon as sufficient moneys for
that purpose have accrued to tie said
state highway redemption fund, TO II h
bond issue repay 10 The state general
fund all amounts therefrom under thls
provision and not previously repaid
SEC. IL For the payment Of the
bonds authorized to he issued under
md by the provisions of this act and
the interest which shall accrue thereon.
according to the strict terms thei eof. |
the faith and credit of the state of
Idaho is solomnly pledged, and for tie
paymen Of such bonds and the interest |
thereon in lawful money of the Uniled
states of America as and whom the
Iame shall become due the state treas
ired shall reserve any and sufficient
i me money in mis- hands. at the least
FOSSIL lie cost. in preference to al ,.ther
aims whatsoever. except the interest
Pon and the principal of other bonds
the state of Idaho heretofore issued =
nder act of the legislature of said
tate.
SEC. -. The state treasurer shall
I've two weeks notice by publication
TWO newspapers of general circu-
tlon' one of which is published in the
ate OF Idaho, of the intention of the
ate TO sell the bonds authorized by
e provisions of this act, and shall
Vite DDS therefore. Said bonds mus.
SOLD at not less than the par yalue CO
ereor upon the best terms offered W
d the lowest rate of interest named CT
any bidder. The state treasurer
all nave the right to reject anv and
OF the bids offered and NAV re-
Vertlse for bids, as herein provided 90
SEC. IL. The expenses of printing
Nthographing and procuring suit- nc
e PONDS with interest coupons at
ned, for the purpose Of carrvinp
the provisions of this act, shall he
out Of the moneys arising from the
thereof as an expense incident tn
laying out, surveying and construct
OF SAID system of state HIGHWAYS ORC
SEC. IA. The said state highway VIZ
ds, fourth issue. to be issued unaar
provisions of this act. shall haar
or January 1, 1921, and become c
January 1, 1871. Both bonds ana der
rest coupons herein authorized n
ssued shall be payable at the office
ne state treasurer at Boise idaho
SEC. Is. The department Of nnh1io
IS OF the state of Idaho IS hereby A
'ted to apply the proceeds. of tbe and
ioaho state highway bonds, fourth bral
!, as follows, towit
To the completion or cons+r,,o.,o
counties -. ee III cooperation conc
no stota 80 Ia. nisn"ay districts abu:
rnneyt ~ 80 e'io OF the FEDERAL a sp
5enied proper by the department.
ne foregoing allotment is made
4se nt upon the availability of CO. No
I've iuhus to be supplied by coun- ed il
nr3e,+ - iois ana the federal cond
"HiehL as provided by law, or
supplied by private donation or
eu from any other source, and
j II appear to the satisfaction
department of public works AT
me SUBSEQUENT to January 1. 1922 j
Operative funds will not be sun q
IN the necessary amounts to
use OF the entire amount herein Y
Drlated' the department Of public
may use at its discretion anv
iuer Tor the construction or as=
stion OF such state highways as 7
q ny 1t for the best interests of e
&c 16. This act shall not take
uhtlI at the next general cleo rs
shaIi nave been submitted TO the ~
ana shall have received q ma
on al the votes cast for or -
[ 1t at such election. 49,
q question to be submitted m
,ctors Of the state at the new
election in order to detln1ine
they will approve or reject
- Hhdi ne as IOllOWs
'l a bond issue Of $4,000 600 he
yea for the laying out. surveying
1structing Of state highways?
~. The Sescrtarv Of the state
TED to publish this act in one
per in each county. If one be
ed therein, throughout the state
'e months next preceding the RI
neral election. The secretary
Is directed to certify to the
auditors and the latter to print
ballots at the next general
the foregoing question. The
On said question shall be count
vassed and certified in the
provided by law for eonsti- sziisiEEE
amendments.
Approved March H. 1919.