Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1920-10-28


treasurer credited to and placed in
: the said state highway redemption
Iund, fourth bond issue, out OF which
. fund the state treasurer shall pay
the interest upon the Idaho state
highway bonds, fourth issue, as the
same shall become due, and upon
any day upon which the interest cou
pOns attached 10 said bonds become
due, beginning January l, 1881, he
shall also pay so much OF the princi-
pal OF said bonds as II may be possi-
Bile to pay after reserying in said
fund moneys sufficient in amount
TO pay the interest upon those SAID
bonds then outstanding which will
accrue and become due during ana
within the next ensuing year.
SEC. 10. If at any time there
shall not De sufficient moneys in the
said state highway redemption fund,
fourth bond issue, 10 pay the interest
( upon or principal OF the Idaho state
highway bonds, fourth issue, au.
( tAorized by this act, then due, the
/ state treasurer shall pay the same
/ out OF the general Iund of the state.
! The state treasurer shall, however,
| as soon thereafter as sufficient mon
/ eys Tor that purpose have accrued
I 10 the SAID state highway redemp,
I ton fund, fourth bond issue, re-
pay TO the state general fund ali
amounts taken therefrom under this
! provision and not previously repaid.
SEC. II. For the payment OF the
bonds authorized 10 be issued under
ana by the provisions OF this act
and the interest which shall accrue
thereon, according TO the strict
TnErEnf Fgf
OF the state OF Idaho is sOlemnly
pledged, and Tor the payment Ct
such bonds and the interest thereon
in lawful money OF the United States
OF America as ana when the same
shall become due the state treasurer
shall reserve any and sufficient OF
the money in his hands, at the least
possible cost, IN preference to all
other claims whatsoever, except the
interest upon ana the principal OF
other bonds OF the state OF Idaho
heretofore issued under acts OF the
legislature OF said state.
SEC. u. The state treasurer shah
give two weeks notice by publlca-
ton in two newspapers OF general
circulation, one OF which is publish
ed in the state OF Idaho, OF the in
tentiOn OF the state 10 sell tie bonds
authorized by the provisions OF tina
act, and shall invite bids therefor.
said bonds must be sold AZ not less
than the par value thereof, upon the
pest terms offered and at the lowest
rate OF interest named by any bid
der. The state treasurer shall have
the right TO reject any and all OF
the bids offered and may readyertise
lor bids, as herein provided.
SEC. 10. The expenses OF printing
Or nthOgTaphing and procuring suit
able bonds with interest coupons at
Jached, for the purpose OF carrying
out the provisions OF this act, slan
be paid out OF the moneys arising
from the sale thereof as an expense
incident to the laying out, surveying
and constructing OF said system OF
state highways.
SEC. II. The said state highway
bonds, fourth issue, to be issued I'M
der the provisions OF this act, shall
bear date OF January 1, 1921, ana
become due January l, lS4l. Both
bonds ana interest coupons herein
authorized TO be issued shall be pay
able at the office OF the state trea-
surer at Boise, Idaho.
SEC. 10. The department of pub
lie works of the state OF Idahe il
hereby directed to apply the pre-.
ceeds OF the said Idaho State high
way bonds, fourth issue, as follows,
IO-wit:
To the completion or construction
OF state roads or bridges in coop,
Grafton with counties and highway
districts OF the state OF Idaho or the
federal government OF both, in such
amounts as deemed proper by the de-
paTtment.
The foregoing allotment is made
contingent upon The availability OF
cooperative funds to be supplied by
counties, highway districts and the
federal government, as provided by
law, or funds supplied by private do,
nation or received from any other
source, and should il appear to the
Of the department of pub
lie works at any time subsequent TO
January l, 1922, that cooperative
funds will not be supplied in the nee
essary amounts to make use of the
entire amount herein appropriated,
the department of public works may
use, at lis discretion any remainder
for the construction or completion OF
such state highways as deemed by it
for the best interests Of the state.
SEC l6. This act shall not take
effect until at the next general cleo
lion it shall have been submitted to
the people ana shall have received u
Of all the votes cast for OF
against it At such election.
The question 10 be submitted to
the electors Of the state at the next
general election in order to deter
nine whether they viii approve or
reject this act, shall be as follows;
Shall q bond issue Of S2,0O0,000
De authorized for the laying out, sur
5eying and constructing CT state
SEC. II. The Secretary of Stats
5 directed to publish this act in one
in each county, if one be
published therein, throughout the
tate for three months next preced-
ng the next general election. The