The daily star-mirror. (Moscow, Idaho) 1911-1939, 1920-09-16
CHAPTER 1913. (H. B. No. 274.)
An A ut

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State Bonds in the sum of $4,000,
600; appropriating the proceeds o
the sale thereof for the payment O
a portion of the cost of laying out
poses for which provided; directing
OF state highways in the State o
Idaho; providing by tax levy {
redemption or sinking fund for the
payment of the said bonds at ma,
turity and the interest thereon as
the same becomes due; appropriate
ing the moneys which shall accrue
| to such sinking fund for the pur-
pose for which provided directing
the Department of Public Works
how to apply the proceeds of the
sale of said bonds hereby outhor-
lied; and providing for the approval
or rejection hereof by the people of
the State.
Be it enacted by the Legislature of the
State Of idaho:
Sec. l. For the purpose of provid-
ing moneys to be used in paying for a
portion of the cost of laying out, sur
veying and constructing a system of
state highways in the state of Idaho
a loan of 100000 is hereby author
lied to be negotiated upon the faith
and credit of the state Of Idaho.
Sec. g. The State Treasurer is
hereby authorized; empowered and di-
rected to issue bonds of the state in
such denominations as he deems ad-
visable, aggregating the amount of the
loan authorized in section 1. which
shall be known as Idaho state high
way bonds, fourth issue. and shall be-
come due 20 years from the date of
their issuance. Such bonds shall bear
interest at rate which shall not ex-
coed the rate of five percentuln per
annum, and such interest shall be paid
ia equal semi-annual installments up
on the 1st day Of January and the LIST
day of July in each year. Such in
stallments of interest shall be evil
denced by 40 interest COUPONS attach
ed to each bond in such manner that
they may be detached and removed
without mutilating either the bond or
the coupons themselves and be num-
bered consecutively from 1 to 40 IN
elusive. Any or all of said bonus may,
at the pleasure of the state, Sc paid |
off and redeemed after 10 years from
the date of issuance.
Sec. 8. The state treasurer shall I
cause to be printed or Autographed |
bonds in proper form with |
the purpose of carrying out The pro-
visions of this act.
Sec. A. All bonds issued under and
BY virtue of the provisions. of this act
shall be signed by the governor of
he state of Idaho with his own proper
name and in his official capacity.
they shall likewise be signed by the
,ecrtary of state in his official capac-
ty and be authenticated by having at
ached to each the great seal of the
tate of Idaho.
Sec. S. After being signed by the
GOVERNOR and the secretary of state
nd being authenticated as hereinbe-
ore provided the said bonds shall be
to the state auditor who shall
lake and keep in his office register
ully and properly describing each
ond and the interest coupons at
ached thereto in the manner and form
1 which bonds heretofore issued by
ne state Of Idaho are described in
he registers thereof kept in the office
the state auditor. Having so regis I
sred the same, the state auditor shall
oliver the bonds to the state treas (
rer and shall charge the treasurer f
18th the full par value thereof. /
Sec. g. The state treasurer shall I
lake and keep in his office register S
all bonds issued under the provis- S
ms of this act, which register shall l
low all those things required to be J
Town by the register thereof kept in '
lie office of the state auditor and such a
her information with respect thereto a
, the treasurer shall deem 1t proper p
I'd necessary to record. il
Sec. T. When ready to make deliv- c
y of same the state treasurer shall S
gn each Of said bonds with his own Il
,oper name and in his official capa-
ty as such state treasurer and each e
the interest coupons attached there tt
shall have the autographed or Il
tinted fac-simile signature of the n
ate treasurer, which signature shall a
nd the state of Idaho. The state
shall make delivery of the el
nds to the purchaser thereof on be- Ell
If of the state of Idaho and shall W
the same time make collection from Il