Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1920-09-10

/ state auditor Having so ,gis ego
d the same the state auditor shall de
liver the bonds to the state IT asure
and shall charge the troisurcr VIII
the fun par aIue thereof
SEC. 6. The state treasurer shat
make and keep in his Office register
= Of all bonds issued under the pro y'son:
n Of this act, which register shall show
q all those things required 10 ne 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 it proper
. and necessary to record.
SEC. Z. When ready to make de-
livery 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 print
! ed facsimile signature of the state
treasurer, which signatures shall bind
the state of Idaho The state treasurer
shall make delivery of the bonds to
the purchaser thereof on behalf of the
state of idaho and shall at the time
make collection from said purchaser
II
which the same are sold
SEC. &. 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 4 system !
OF state highways in the state of Idaho.
including all bridges. culverts and
grades and purchase of rights of-wav
forming part thereof or being nee
essary to be had, used or occupied in
connection Herewith and for such pur
poses only. No moneys shall at any
tlme be Withdrawn permanently from
said fund except upon warrant Of the
state auditor.
SEC. 3. For the purpose of GREAT
ng a fund, which said fund is hereby {
designated as the state highway re-
iemption fund, fourth bond issue ont
u which shall be paid the PRINCIPAL i
ma interest upon the bonds to be is
ued under and by virtue of the nro-
'isions of this act there is herehv
eVled tax of four-tenths of one min
s.oOO4) upon each dollar in yalue of =
ne taxable property within the state
ne same to be known as the state 3
lghWay tax, and the proceeds of +he L..
anne are hereby appropriated and cot =
SIDE until such time as the said Idaho .
,ate highway bonds, fourth issue. and =,
Il interest which shall have accrued
iereon are fully paid and redeemed
ne moneys accruing from the souroe .,
Dove mentioned, which are hereby d. :
-rted' appropriated and set aside for
II the purpose above set forth shan
Dy the state auditor and state treas
rer credited to and placed in the said
a'e highway redemption fund. fourth
ond issue, out of which the state
easurer shall pay the interest unor
'e ludho state highway bonds. fourth
sue as the same shall become dua
10 upon any day upon which the in
rest coupons attached to said bonds
come due, beginning January l. 1891
shall also pay so much of the prin-
pd3 OF sad bonds as it may be poss
lie 10 pay after reserving in said fund
oneys suHlclent in amount to pay the
'erest upon those bonds then out
'nulhg which will accrue and becom-
e during and within the next ensuing
ar.
SEC. 10. If at any time there shall
| be sufficient moneys in the said
ne highway redemption fund. fourth
nd issue to pay the interest upon or
nclpal of the state highway bonds
nth issue, authorized by this act
IN due, the state treasurer shall nav
same out of the general fund of the
lie. The state treasurer shall. how
er as soon as sufficient moneys for
II purpose have accrued to the said
te highway redemption fund, TO ,r>b
10 issue, repay to the state general
III all amounts therefrom under this
vision and not previously repaid
SEE. IL. For the payment of the
lds authorized to be issued under
by the provisions of this act and
interest which shall accrue thereon.
ordlng to the strict terms the, ecf
Ialth and credit of the state of
no Is solemnly pledged and for the
men OF such bonds and the interest
reon In lawful money of the United
'es OF America as and when the
lie snail become due the state treas
= small reserve any and sufficient
ne money in his hands, at the least
Slt lie cost, in preference to all other
ms whatsoever, except the interest
n and the principal of other bonds
he state of Idaho heretofore issued
er act of the legislature of said
e.
SEC. IL. The state treasurer shall
two weeks notice by publication
-wo newspapers of general circu-
IN, one of which Is published In the -
or Idaho. Of the intention of tn.
TO sell the bonds authorized by
provisions OF this act. and shall NJ
Ie bids therefore. Said bonds msst T ~
old at not less than the par value ! 10
eof, upon the best terms offered NJ
the lowest rate of interest named 7 =
any bidder. The state treasurer IN A
have the right to reject any and en+r,
of the bids offered and may re- SyUi
rtise for bids. as herein provided. Parr
SEC. 10. The expenses of printing 49,
lthographing and procuring suit vear
bonds with interest coupons at iana
ed, for the purpose of CARRYING Disr,
the provisions of this act sbaii ~