The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1920-08-05

| part of any road to be improved OF
constructed under the provisions of
this act, or the locating of a route or
any part thereof, or the obtaining of
road building materials for such work,
requires that private property be TAX
en- or damaged, the state highway
board shall have the right to acquire
any such property by purchase or by
condemnation in the manner prescrib-
ed by law for the requirement or con-
demnation of lands necessary for the
public uses of the state.
Sec. 1.-The state highway board
shall divide the state highways into
convenient sections for the construc-
ton purposes, and shall make diligent
effort to have the entire trunk
line system of hard surface high
ways completed within six years
after the taking effect of this
act. The construction w Z k
shall, so far as possible, be commenced
In different sections of the state at
approximately the same time and car
rled on continuously until all work is
completed.
Sec. 5-The funds provided by this
act for the acquisition, construction
and Improvement of the state system
OF trunk line hard surface highways
shall be expended only for surfacing
and the construction of the necessary
subgrade therefor including the p1r-
chase of machinery or supplies. All
construction work shall be done under
the supervision Of and upon plans and
specifications prepared by the state
highway commissioner. Contracts for
the construction and Improvement of
said trunk line. highways shall be let
by the state highway board to the low
est. and best responsible bidder or bid
ders, on such terms and conditions and
on open competitive bidding after
public advertisement in, such manner
and for such times as may. be pre-
scribed by said state highway board.
The state highway board shall have
power to provide for the furnishing
by the state Of any tools; machinery,
supplies Or materials needed for such
work, and in the event the state high
way board undertakes to furnish tools,
machinery, supplies or materials, such
tools, machinery, supplies and mater
ials shall be purchased by the state
highway board on open competitive
bidding.
Sec. 6-The state highway board is
authorized to cooperate with the pro-
per authorities of any city or town Of
the third or fourth class and expend
moneys for the improvement of any
portion of any highway herein describ-
ed which may pass into or through any
such city or town.
Sec. 7-All highways herein des-
cribed when constructed along perma-
nent grades and alignment shall be
permanently controlled and maintain
ed by the State Of Washington.
Sec. 8-For the purpose of provid-
ing means for the payment of the cost
of construction Of said state system
of trunk line highways there shall be
issued and sold bonds of the State of
Washington for an amount not ex-
ceeding thirty million dollars $780,
OOO,OO0), to bear interest at a rate
not to exceed five per cent (53o) per
annum, payable semi-annua1ly.
The issuance, sale or retirement of
said bonds shall be under the general
supervision and control Of the state
highway board. Such board may in
its discretion, provide for the issuance
of coupon or registered bonds, to be
dated, issued and sold from time to
time as the construction work pro-
greses, in such amounts as may be
necessary to provide money to pay for
said work and the expenses incidental
thereto. All Of the bonds ISSUED here
under shall mature at the rate Of one
million five. hundred thousand dollars
Isl SOC, 000.00l principal each year,
commencing in the year 1922 and end
ing in the year 1941.- Such bonds shall
be signed by the governor and the
state auditor under the, seal of the
state, and any interest coupons at
tached to such bonds shall besauthen-
ticated by the fac-simile signatures
of the same officers. Any bonds may
be registered jim the name of the hold
er on presentation to the state treas
urer or at the fiscal agency of the
State of Washington in New York, as
to pricipal alone or both principal and
interest, under such regulations as
,the state highway board may pre-
scribe. Said bonds shall be in such
denominations as may be prescribed
by the state highway board and en-
body an absolute promise of the State
of Washington to pay both principal
and interest in gold coin Of the United
States Of the present standard of val
ue and fneness, at such place or places
as the state highway. board may pro-
vide, and to levy sufficient taxes each
year to pay the interest and princi-
pal of said bonds as they become due.
Ali bonds issued under the provisions
of this act shall be sold to the high
est and best bidder or bidders, on such
terms and conditions and on open COM
petitive bidding after public advertise
ment and at such times as may be
prescribed by the state highway board
but not for sum so low as to make
the net interest returned to the pur-
chaser exceed five per cent per annun,
payable semi-annually, as computed
by standard tables, upon such sum.
Sec. 9-The money arising from the
sale of each issue of bonds shall be
deposited in the state treasury to the
credit of special fund to be known
as the Estate Trunk Line Highway
Fund - which Sho11 ho mood in corrv.