The daily star-mirror. (Moscow, Idaho) 1911-1939, 1920-08-14

make and keep in his office a register
of all bonds issued under the prOvis-
ions of this act, which register shall
show all those things required to be
shown by the register thereof kept in
the office of the state auditor and such
other information with respect thereto
as the treasurer shall deem 1t proper
and necessary to record
Sec. Z. When ready to make deliv-
cry of same the state treasurer shall
sign each of said bonds with his own
proper name and in his official capa-
city as such state treasurer and each
of the interest coupons attached there
to shall have the autographed or
printed facsimile signature of the
state treasurer, which signature shall
bind the state of Idaho. The state
treasurer shall make delivery of the
bonds to the purchaser thereof on be-
half of the state of Idaho and shall
at the same time make collection from
said purchaser Of the full amount Of
the price for which the same are sold
Sec. 8. All moneys received from
the sale of the Idaho state highway
bonds. fourth issue, shall be paid into
the Idaho state highway fund Such.
moneys are hereby appropriated and
made available for the laying out, sur
'veying and constructing of a system
of state highways in the state of Ida
no. including all bridges, culverts and
grades and the purchase of rights of
way forming part thereof or being
necessary to be had, used or occupied
in connection Herewith and for such
purposes only No moneys shall at
any time be withdrawn permanently
from said fund except upon the war
rant of the state auditor.
Sec. 8. For the purpose OF creating
a fund, which said fund is hereby de-
signed as the state highway redemp-
ton fund. fourth bond issue, out OF
which shall be paid the principal and
interest upon the bonds to be issued
under and by virtue of the provisions
of this act there is hereby levied a tax
of four-tenths of one mill ($00O4) up
on each dollar in value of the taxable
within the state the same
to be known as the state highway tax,
and the proceeds of the same are
hereby appropriated and set aside until
such time as the said idaho state
bonds, fourth issue, and all
interest which shall have accrued
thereon are fully paid and redeemed. |
The moneys accruing from the source !
above mentioned, which are hereby I
diverted, appropriated and set aside |
or the purpose above SET forth. shall |
)e by the state auditor and state treas
1rer credited to and placed in the said |
state highway redemption fund, fourth I
bond issue, out of which fund the state
reasurer shall pay the interest upon
he Idaho state highway bonds, fourth I
ssue as the same shall become due, I
Ind any day upon which the interest
coupons attached to said bonds he
ome due, beginning January 1, 1881,
lie shall also pay so much of the prin-
ipal of said bonds as 1t may be pos
ible to pay after reserving In said
und moneys sufficient in amount to
ay the interest upon those said bonds
hen outstanding which will accrue
nd become due during and within the
ext ensuing year.
Sec. TO- If at any time there shall
lot be sufficient moneys in the said
tate highway redemption fund. fourth
ond issue, to pay the interest upon ar
of the Idaho state highway
onds, fourth issue, authorized by this
Ct then due, the state treasurer shall Fl
ay the same out of the general fund
f the state. The state treasurer shall,
owever, as soon thereafter as snffi-
lent moneys for that purpose have
ccrued 10 the said state highway
exemption fund fourth bond issue,
epay to the state general fund all
mounts taken therefrom under this
revision and not previously repaid
Sec. IL. For the payment of the
2nds authorized to be issued under