The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1920-08-19

| II may be possible 70 pay after reserv-
ing In said fund moneys aufficient in
amount to pay the interest upon those
said bonds then outstanding which
will accrue and become due during
and within the next ensuing year.
Section 10. If at any time there
shall not be sufficient moneys in the
said state highway redemption fund,
fourth bond issue, to pay the interest
Npon or principal Of the Idahe state
highway bonds, fourth issue, author
lied by this act, then due, the state
treasurer shall pay the same out of
the general fund Of the state. The
state treasurer shall, however. rs soon
thereafter as sufficient moneys for
that purpose have accrued to the said
state highway redemption fund, fourth
bond issue, repay to the state geaaral
fund all amounts taken therefrom I'M
der this provision and not previously
repaid.
Section IL. For the payment of the
bonds authorized to be issued under
and by the provisions of this act and
the. interest which shall accrue there
on, according to the strict terms there
Of, the faith and credit of the state CT
payment of such bonds and the inter-
est thereon in lawful money Of the
United States of America as and when
the same shall become due the state
treasurer shall reserve any and suffi-
cient of the money in his hands, at
the least possible cost, in preference
to all other claims whatsoever, except
the interest upon and the principal
of other bonds of the state of Idaho
heretofore issued under acts of the
Legislature of said state.
Section IL. The state treasurer
shall give two weeks notice by
publication in two newspapers of gen.
eral circulation, one of which is pub
lished in the state of Idaho, of the in
tention of the state to sell the bonds
authorized by the provisions of this
act, and shall invite bids therefor
Said bonds must be sold at not less
than the par value thereof, upon the
best terms offered and at tie lowest
rate of interest named by any bidder.
The state treasurer shall have the
right to reject any and all of the bids
offered snd may readvertise for bids,
as herein provided.
Section 10. The expenses of print
ing or lithographing and procuring
suitable bonds with interest coupons
attached, for the purpose of carrying
out the provisions of this act, shall be
paid out of the moneys arising from
the sale thereof as an expense Incl
dent to the laying out, surveying and
constructing of said system of state
highways.
Section IA. The said state highway
bonds, fourth issue, to be issued under
the provisions of this act, shall bear
date of January 1, 1921, and become
due January 1, 1871. Both bonds and
interest coupons herein authorized to
be issued shall be payable at the of
flee of the state treasurer at Boise,
Idaho
Section 15 The department q
public works of the state of Idaho is
hereby directed to apply the proceeds
OF the said Idaho state highway bonds,
fourth issue, as follows, to-wit:
To the completion or construction
of state roads or, bridges in coopera-
ton with counties and highway dis
tricts of the state of Idaho or tha fed
eral government or both, in such
amounts as deemed proper by the de-
partment.
The foregoing allotment is made
contingent upon the availability of CO.
operative funds to be supplied by
counties, highway districts and the
federal government, as provided by
law, or funds supplied by private do
nation or received from any other
source, and should it appear to
the satisfaction of the department
of public works at any time SUBJ
sequent to January l, 1922, that
cooperative funds will not be sup
piled in the necessary amounts to
make use of the entire amount
herein appropriated, the department
of public works may use, at its dis
erection any remainder for the con-
struction or completion of such state
highways as deemed by it for the pest
interests of the state
Section 16. This act shall not take
effect until at the next general cleo
ton it shall have been submitted to
the people and shall have received a
majority of all the votes cast for or
against it at such election
The question to be submitted to the
electors of the state at the next gen
eral election in order to determine
whether they will approve or reject
this act, shall be as follows:
Shall bond issue of $2,000,000 be
authorized for laying out, surveying
and constructio of state highways?
Section II. The secretary of state
is directed to publish this act in one
newspaper in each county, if one be
published therein, throughout the
state for three months next preceding
the next general election. The secre-
tary of state is directed to certify to
the county auditors and the latter to
print on the ballots at the next gener-
al election the foregoing question.
The returns on said question shall be
counted, canvassed and certified in
the manner provided by law for con-
stitutional amendments
Approved March IA, 1919.