Clearwater Republican. [volume] (Orofino, Idaho) 1912-1922, 1920-10-08

hall become due 20 years from the
date OF their issuance. Such bonds
nall bear interest at a rate which
shall not exceed the rate Of five
per centum per annCm. and such in
crest shall be paid in equal
emi-annual installments upon til,
LIST day Of January and the
st day of July in each year Such
! 'nstallments of interest shall be
evidenced by 40 interest coupons at
tached to each bond in such man
ner that they may be detached and
removed without mutilating either
the bond or the coupons themselves
and be numbered consecutively from
/ to 40 inclusive. ANY or all OF
said bonds may at the pleasure of
the state. be paid off and red emed
after 10 years from the date of is
Suance.
SECS. 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. A. All bonds issued under
and by virtue of the provisions of
this act shall be signed by the gov
ernor of the state of Idaho with
his own proper name and IN his
official capacity. They shall like
wise be signed by the secretary of
state in his official capacity and be
authenticated by having attached to
each the great seal of the state of
Idaho
SEC. g. After being signed by
the governor and the secretary Of
state and being authenticated a
: hereinbefore provided the said bonds
] shall be delivered to the state audit
} or who shall make and keep in his
, office register fully and properly
, describing each bond and the inter
! est coupons attached thereto in the
| manner and form in which bond.
heretofore issued by the state OF
Z Idaho are described in the register!
thereof kept in the office OF tn,
+ state auditor. Having so registered
n the same, the state auditor shall
deliver the bonds to the stat,
treasurer and shall charge the treas
d urer with the full par value thereof
! SEC. 6. The state treasurer shall
make and keep in his office a regis
) ter of all bonds issued under tn
n provisions of this act. which registe
shall show all those things require,
to be shown by the register thereo
I kept in the office of the state audit
a or and such other information wit
\ respect thereto as the treasurer shall
!. deem it proper and necessary to re
J. cord.
n SEC. T. When ready to make de
D livery of same the state treasure
l. shall sign each of said bonds wit
If his own proper name and in his OF
is fetal capacity as such state treasuI
pr and each of the interest coupon
b. attached thereto shall have tn
at Autographed or printed f;.csimil
to signature of the state treasure
ye which signatures shall bind the stat
In of Idaho. The state treasurer sha
make delivery of the bond to II
,e purchaser thereof on behalf Of II
10 state of Idaho and shall at the san
time make collection from said pu
It. chaser of the full amount of II
I'd price for which the same are sold.
O. SEC. s. All moneys receive
n /; from the sale of the Idaho sta
n highway bonds, fourth issue, sh;
nv be paid into the Idaho sta
d highway fund Such moneys a
nd hereby appropriated and made ava
n able for the laying out, surveyil
)" and constructor. of system
tie state highways in the state of 1dah
lis including all bridges. culverts al
mt grades and the purchase OF rights
to way forming a part thereof or bel
me necessary to be had, used or occ
on pied in connection herewith and
such purposes only. No none
|, shall at any time be withdrawn p'
10 uanently from said fund except L
,rv IN the warrant of the state audit
do SEC. 9. For the purpose of G.
ing ating fund, which said fund
JI, hereby designated as the sta
No. highway redemption fund. -four
lies bond issue, out of which shall
of paid he principal and interest up
on the bonds to be issued under a
mt by virtue of the provisions of I
ave oct there is hereby levied
ved tax OF four-tcn.ha of one n
ono IS OO04D upon each dollar
no yalne OF the taxable prope
90 within the state, the same to
known as the state highway tax
the proceeds of the same are herr
appropriated and set ASIDE III
- such time as the said Idaho 81
highway bonds, fourth issue, and
interest which shall have accr
thereon are fully paid and redeem
The moneys accruing from
lcE source above mentioned,s which
! IN hereby diverted, appropriated
hp set aside for the purpose above
EDS forth. shall be by the state aud
FOR and state treasurer credited 10
ION nlaced in the said state highway
,I1T demption fund. fourth bond issue
let of which fund the state treas
IGH- shah pay the interest upon the is
IDA state highway bonds, fourth IL
TAy as the same shall become due.
INK upon any day upon which the II
EMIT est coupons attached to said o
MA become due, beginning Januar
RST 1881, he shall also pay so niue
RE the principal OF said bonds as IL
TING be possible to pay after reserVln