The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1920-09-16
CHAPTER lss. (H. B. No. z74)

| IOVAoIuk lUI LHo AbbubUC9 AnO bAAS
/ Of state bonds in the sum Of ST..
! 100000; appropriating the proceeds
| of the sale thereof for the payment
Of . portion Of the cost Of laying
out, surveying and constructing 9
| system Of state highways in
the state Of Idaho; providing by
| . tax levy redemption or sink
ing fund for the payment of the
bonds at maturity and the inter-
est thereon As the SEINE becomes
due; sppropriating the moneys
which shall accrue to such sink
ing fund for the purposes for
which provided; directing the de-
partment Of public works how
to apply the proceeds of the sale Of
said bonds hereby authorized; and
providing for the approval or re-
lection hereof by the people Of the
state.
Be it enacted by the Legislature of
the State OF Idaho:
Section /. For the purpose of pro-
viding moneys to be used in paying
for portion of the cost Of laying out,
surveying and constructing a system
Of state highways in the state of Ida
no loan Of 100000 is hereby au-
thorized TO be negotiated upon the
faith and credit Of the state of Idaho.
Section 2. The State Treasurer is
hereby authorized, empowered and d.
rected to issue bonds Of the state in
such denominations as he deems adj
visable, aggregating the amount Of
the loan authorized in section l, which
shall be known as Idaho state highway
bonds, fourth issue, and shall become
due 20 years from the date of their
issuance. Such bonds shall bear in
terest at q rate which shall not ex-
coed the rate Of five percentum per
annum, and such interest shall be paid
in equal semi-annual installments up
on the LIST day of January and the LIST
stallments Of interest shall be evil
denced by 40 interest coupons attach
ed to each bond in such manner that
they may be detached and removed
without mutilating either the bond or
the coupons themselves and be num-
bered consecutively from / to 40 in
elusive. Any and all Of said bonds
may, at the pleasure Of the state, be
paid off and redeemed after 10 years
from the date of issuance.
Section 8. The state treasurer
shall cause to be printed or litho-
yraphed suitable bonds in prop
sr form with interest coupons at
,ached thereto for the purpose of car
-ying out the provisions of this act
Section 4. All bonds issued under
md by the virtue of the provisions of
his act shall be signed by the COVER
Tor of the state of Idaho with his own
proper name and in his official capac-
ty. They shall likewise be signed
~ the secretary of state in his official
and be authenticated by hav-
ng attached to each the great seal of
he state of Idaho.
Section 5. After being signed by
he governor and the secretary of
tate and being authenticated as here
nbefcre provided the said bonds shall
'e delivered to the state auditor who
hall make and keep in his office a
egister fully and properly describing
ach bond and the interest coupons at
ached thereto in the manner and form
n which bonds heretofore issued by
he state of Idaho are described in ,
he registers thereof kept in tie office
( the state auditor. Having so reg
stored the same, the state auditor
hall deliver the bonds to the state {
reasurer and shall charge the treas
rer with the full par value thereof
hall make and keep in his office a !
egister of all bonds issued under the S
rovisions of this act, which register t
hall show all those things required c
} be shown by the register thereof S
ept in the office of the state auditor c
nd such other information with re- Z
oect thereto as the treasurer shall n
sem it proper and necessary to re- h
,rd O
Section 7. When ready to make de- C
very Of same the state treasurer s
iali sign each of said bonds with his h
xn proper name and in his official II
opacity as such state treasurer and
lch of the interest coupons attached e
ereto shall have the autographed or Il
tinted facsimile signature of the Il
ate treasurer, which signatures shall n
nd the state of Idaho. The state a
easurer shall make delivery of the
nds to the purchaser thereof on be- el
If Of the state of Idaho and shall at el
e same time make collection from W
id purchaser of the full amount of II
e price for which the same are sold.
Section 8. All moneys received al
ON the sale of the Idaho state high al
~ bonds, fourth issue, shall be paid
to the Idaho state highway fund. is
ch moneys are hereby appropriated ne
d made available for the laying out, pl
rveying and constructing of . sys- st
n Of state highways in the state Of tn
aho, including all bridges, culverts ia
d grades and the purchase of rights tn
way forming a part thereof or be- pr
! necessary to be had, used or occu- al
d in connection Herewith and for tt
n purposes only. No moneys shall co
any time be withdrawn permanent tn
from said fund except upon the sti
rrant of the state auditor.
Section 8. For the purpose Of Gre =
ng fund, which said fund is here
designated as the state highway
emption fund, fourth bond issue, ces