Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1920-09-24

become due, beginning January /, 1913.
he shall also pay so much Of the prin
cipal of said bonds as It may be poss
ible to pay after reserving in said fun
moneys sufficient in amount to pay tn
interest upon those bonds then out
standing which will accrue and becom
due during and within the next ensuin
year.
SEC. TO- II at any time there shal
not be sufficient moneys in the sal,
state highway redemption fund. fourtl
bond issue to pay the interest upon O
principal of the state highway bond
fourth issue. authorized by this act
then due, the state treasurer shall pa,
the same out OF the general fund OF tn,
state The state treasurer shall. how
ever as soon as sufficient moneys fol
that purpose have accrued to the Sale
state highway redemption fund, 70 rr'i
bond Issue, repay to the state genera
provision and not previously repaid
SEC. IL. For the payment Of fbs
bonds authorized 70 be issued Under
and by the provisions of this act and
the interest which shall accrue thereon
according TO the strict terms theI eof
the faith and credit Of the state oi
Idaho is solemnly pledged, and for the
paymen of such bonds and the interest
thereon In lawful money OF the United
States of America as and when the
same shall become due the state treas
ured shah reserve any and sufficient
of the money In his hands, at the least
possit lie 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 act of the legislature OF said
state.
SEC. ~. The state treasurer shall
give two weeks notice by publication
in two newspapers of general circu-
lation. one of which is published In the
state of Idaho, of the intention of the
state to sell the bonds authorized by
the provisions of this act. and shall
invite bids therefore. Said bonds musz
be sold at not less than the par value
thereof, upon the best terms offered
md the lowest rate of interest named
by any bidder. The state treasurer
shall have the right to reject any and
I'll of the bids offered and may re-
advertise for bids. as herein provided.
SEC. 10. The expenses of printing
n lithographing and procuring suit
bile bonds with interest coupons at
ached, for the purpose of carrying
nut the provisions Of this act, shall be
aid out Of the moneys arising from the
ale thereof as an expense incident to
he laying out. surveying and construct
ng Of said system of state highways.
SEC. a. The said state highway
onds, fourth issue, to be issued under
he provisions of this act, shall bear
ate Of January 1, 1921, and become
ne January 1. 1871. Both bonds and
interest coupons herein authorized to |
e issued shall be payable at the office |
the state treasurer at Boise, Idaho. |
SEC. IS. The department Of public |
-orfs Of the state of Idaho is hereby |
irected to apply the proceeds of the |
aid Idaho state highway bonds. fourth |
sue. as follows, towit
To the completion or construction |
Z state roads or bridges in cooperation
-ith counties and highway districts
the state Of Idaho or the federal
)vernment or both. in such amounts
deemed proper by the department |
The foregoing allotment is made
ntfngent upon the availability of CO.
'erative funds to be supplied by coun-
IS, highway districts and the federal
'vernment as provided by law. or ,
nds supplied by private donation or :
eefved from any other source. and ,
ould 1t appear to the satisfaction .
the department Of public works at :
" time subsequent to January 1, 1922. Z
at cooperative funds will not be sup
led in the necessary amounts to {
IKE use Of the entire amount herein =.
propriated, the department of public =
1rks may use at its discretion any >
mainder for the construction or :
mpletion of such state highways as
emed by II for the best interests of n
e state
SEC. 1e. This act shall not take
ect until at the next general cleo q
n II shall have been submitted to the =
opie and shall have received a ma !,
-fty of an the votes cast for or
ainst it at such election.
The question to be submitted to g
electors Of the state at the next -
1erai election in order to detrmine
ether they will approve or reject
act, shall be as follows:
Shall bond Issue Of $4,000. 600 be
hor1zed for the laying out, surveying 4
constructing of state highways? =,
'EC. II. The Sescrtary of the state =,
to publish this act In one "
Tspaper in each county. II one be =.
'lished therein, throughout the state -
three months next preceding the
t general election. The secretary
state is directed to certify to the
nty auditors and the latter to print 49,
the ballots at the next general 81
elton the foregoing question. The of
rms on said question shall be count
canvassed and certified IN the &c
nner provided by law for eonstf-
onal amendments.
Approved March n. 1919. JC
-Oes