Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1920-10-29
CHAPTER 1913
a.. s. No. efN
AN nm

~ T f'R0Nf1fNN1 F0n TITS fNS0FNlNCt
~ AND SALE Of stats BONDS IN
THE sum OF So.O0aO01s APPROP
RATING THE PROCEEDS OF THE
SANE THEREOF FOR THE PAY.
MENT OF a PORTION OF THE
COST or LAYING OUT. SURVEY
ING AND CONSTRUCTING a SYS-
TEN Of STATE HIGHWAYS IN
THE STATE OF IDAHO; PROVlO-
ING Bf a TAX LEVY A REDEMP-
TON or SINKING FUND FOR
THE PAYMENT OF THE SAID
AT MATURITY AND THE INTER
EST THEREON AS THE SAME
BECOMES DUE; APPRoPRiATING
THE MONEYS WHICH SHALL
ACCRUE TO SUCH SINKING
FUND FOR THE PURPOSE FOR
WHICH PROVIDED; DIRECTING
THE DEPARTMENT OF PUBLIC
WORKS HOW TO APPLY THE
PROCEEDS OF THE SALE OF
SAID BONDS HEREBY AUTHOR
IZED: AND PROVIDING FOR THE
APPROVAL OR REJECTION
HEREOF BY THE PEOPLE OF
THE STATE.
! BE IL enacted by the Legislature of the
State Of Idaho:
SEC. I. For the purpose of pro-
wong moneys to be used in paying
for portion Of the cost in laying out
surveying and constructing a system
or state highways in the state of Idaho
a loan Of 100000 is hereby author {
lied to be negotiated upon the faith 7
and credit of the state of Idaho. c
SEC. ?. The State Treasurer is I
hereby authorized empowered and d. O
rected to issue bonds of the state in L
CnFh fro G
able, aggregating the amount of the
loan authorized in Section which
shall be known as Idaho State high +,
way bonds fourth issue. and shall he =
,ome due 90 years from the date of =,
heir issuance. Such bonds shall bear :,
interest at the rate which shall not ~
xceed the rate Of per centum per -
mum, and such interest shall be maid -
equal semi-annual installments upon ~
ne lst day of January and the first an
ay OF July in each year. Such INSTALL by
tents OF interest shall be evil oh
enced by 40 interest coupons attach al
I TO each bond in such manner that "a
ley may be detached and removed
lthout mutilating either the bond or or
re coupons themselves and be num- oh,
sred consecutively from ! to 40 in co.
usive. Any or all of said bonds NAV. o,,,
tne pleasure of the state, be paid off MOI
i'd redeemed after ten years from the sol
tie Of issuance. a.
SEC. 3. The state treasurer shall in q,
use to be printed or Autographed
liable bonds in proper form with hon
crest coupons attached thereto for tba
purpose of carrying out the pro- dot,
ions of this act 80 80
SEC. A. All bonds issued under w.
l by virtue of the provisions of this re- :;
shall be signed by the Governor of of q,
state of Idaho with his own proper
ne and in his official capacity. They ,yor,
II likewise be signed by the sec dire,
Try OF state in his official capacity sid
De authenticated by having attach iss,,,
10 each the great seal of the state
IDAHO
er,or 80 Ai .' ueins signed by the with
erhor and the secretary of state of =
Idol 49,, 80 yea as herelnnefore COVE
vered - , ~ Ss.lu oonds snail be as d
:, ' ana Neep IN ms office register CONT
! a,,d ~ - G 9 uescrloing each opera
hereto in the manner and form in 80. 80,
IN bonds heretofore issued bv the F,,Sl
Of ldho are described In the rog- 80,
s thereof kept in the office Of the sbo,,,
auditor. Having so rae-iY-e,.d 90 a..
same the state auditor shall de- az, =,
the bonds to the state tr,asllrrr tha4 -
shaH charge the tire lsurer with Nil
tun par a'ue thereof ro mai,
SEC. 6. The state treasurer shan ammo
and keep in his Office n register works
bonds issued under the provisions renal
us act, which register shall SHOW cornnI
nose things required to he shown deeroe
he register thereof kept in the the ST
OF the state auditor and such 81
information with respect thereto effect
re treasurer shall deem it DroDer ton it
to record peonle
&c. Z. When ready to make de- iority
Of same the state treasurer shall agains
each Of said bonds with his own Tt
r name and In his official cana the eli
IS such state treasurer and eacb genera
interest coupons attached tbere- whethe
IL nave the autographed or print this &C
csmile signature of the state Sh
ier, which signatures shall bind authOri
me OF idaho The state treasurer and Co
make delivery Of the bonds TO SEC.
lrchaser thereof on behalf of the is dire,
OF Idaho and shall at the time newspa
collection from said purchaser publish
luli amount Of the price for for thr'
the same are sold next 20
C. 8. All moneys recei,,od f.,, OF state
lie Of the Idaho State Highway county
Fourth Issue, shall he paid into on tho
no State Highway Fund. Sucb o,oo.,--.
are hereby appropriated and e0'io'
valuable for the laying out. sur returns
and constructing Of a system ed. can
highways in the state Of Idaho manner
and purcbase 90 ulre.lS and tutional
a part thereof or being nee
to be had, used or oc c,,,I HeG e. a2O- o2o
ion Herewith and for such pur-
withdrawn per1naneptIv at fr any NOTICE
"a except upon warrant Of The
iaitor- STATE