The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1920-10-07

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amount to pay the interest upon thos
said bonds then outstanding whic
will accrue and become due durin
and within the next ensuing year.
Section 10. II at any time Their
shall not be sufficient moneys in tn
said state highway redemption func
fourth bond issue, to pay the interes
upon or principal Of the Idaho stat
highway bonds, fourth issue, author
| lied by this act, then due, the stat
treasurer shall pay the same out o
the general fund Of the state. Tn
state treasurer shall, however, as sooi
| thereafter rs sufficient moneys TO,
that purpose have accrued to the sait
state highway redemption fund, fourth
bond issue, repay to the state genara
fund all amounts taken therefrom un
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 anc
the interest which shall accrue there
on, according to the strict terms there
Of, the faith and credit Of the state Of
Idaho is solemnly pledged, and for the
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, 1T
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
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 the lowest
rate of interest named by any bidder.
The state treasurer shall have the
right to reject any and all Of the bids
offered and may readvertise for bids,
rs herein provided.
Section 10. The expenses Of print
ing or lithographing and procuring
bonds with interest coupons
attached, for the purpose of carrying
'ut the provisions of this act, shall be
paid out of the moneys arising from
he sale thereof as an expense Incl
lent to the laying out, surveying and
Of said system Of state
highways.
Section ID. The said state highway
'onds, fourth issue, to be issued under
he provisions of this act, shall bear
late of January /, 1921, and become
lue January l, 1941. Both bonds and |
interest coupons herein authorized to
,e issued shall be payable at the of
ice of the state treasurer at Boise,
IDAHO.
Section 10. The department of
public works of the state of Idaho is
lereby directed to apply the proceeds
# the said Idaho state highway bonds,
ourth issue, as follows, to-wit:
To the completion or construction
I state roads or bridges in coopera-
ion with counties and highway dis
riots Of the state Of Idaho or the fed
raj government or both, in such
mounts as deemed proper by the de-
artment.
The foregoing allotment is made
ontingent upon the availability of CO.
peratiye funds to be supplied by
ounties, highway districts and the
ederal government, as provided by
NV, or funds supplied by private do
alton or received from any other
PURGE, and should it appear to
lie satisfaction Of the department
public works at any time SUBJ
squent to January 1, 1922, that
operative funds will not be sup
led in the necessary amounts to
axe use of the entire amount
srein appropriated, the department
public works may use, at its dis :
elton any remainder for the con-
ruction or completion of such state
ghways as deemed by it for the best
terests Of the state.
Section 16. This act shall not take
feet until at the next general cleo
On it shall have been submitted to
e people and shall have received a
ajority of all the votes cast for or
,ainst it at such election
The question to be submitted to the
sctors of the state at the next gen-
al election in order to determine
neither they will approve or reject
is act, shall be as follows:
Shall bond issue of 100000 be
thorized for laying out, surveying
d constructio Of state highways?
Section II. The secretary of state
directed to publish this act in one :
wspaper in each county, if one be
bished therein, throughout the
tie for three months next preceding
, next general election. The secre-
y of state is directed to certify to
, county auditors and the latter to
mt on the ballots at the next gener-
election the foregoing question.
e returns on said question shall be
lnted, canvassed and certified in
manner provided by law for con-
amendments.
March IA, 1919.