The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1920-08-26

REGISTER Iuily ana properly descrihino
each bond and the interest counons al. !
tached thereto in the manner ara
form In which bonds heretofore issued
by the state of Idaho are described
IN the registers thereof kept in the Of
lice or the state auditor. Having so ye-
glstered the same. the state auditor
snail deliver the bonds to the state
treasurer and shall charge the treas.
urer with the full par value there ".
SEC. o. The state treasurer shah
make and keep in his office register
or all bonds issued under the provis-
ms or this act. which register shall
show all those things required Ia be-
shown by the register thereof keIt in
the office of the state auditor aad
such other information with resnes..
thereto as the treasurer shall deem il
proper and necessary to record.
SEC. z. When ready to nuke deli,.
cry OF same the state treasurer shall
sign each Of said bonds with his own
proper name and in mis- official cara
city as such state freay;rer ani each
OF the interest coupons ATTACHED, ,herc-
to shall have the lithDgrauhed or
printed facsimile signature III the
state treasurer, which signature, shall
bind the state of Idaho. Tie state
treasurer shall make delivery OF the
bonds to the purchased thereof on be-
half OF the state Of Idaho AMI shall
at the same time max, collection from
said purchaser of the full amount Of
the price for which the same urc sold.
/, SEC. 8. All moneys received from
the sale Of the Idaho state highway
bonds, fourth issue, shall b., paid into
the Idaho state highway fund Such
moneys are hereby apI'r ,prrareI and
made available for the laying ont. sur
veying and constructing OF Il system of
state highways in the state Of Idaho,
including all bridges, culverts, and
grades and the purchase o; rights of
way forming part thereof or being
necessary to be had, used or occupied
in connection Herewith ard for sucn
purposes only. No moneys shalt at
any time be withdrawn permanently
from said fund except upon the war
rant Of the state auditor.
J SEC. 8. For the purpose Of GREAT
ing fund, which said fund is hereby
designated as the state highway re-
demption fund, fourth bond issue, oui
OF which shall be paid the principa
and interest upon the bonds to be is
! sued under and by virtue of the pro
visions Of this act there is hereb,
levied a tax of four-tenths Of one mil
!, ($.OO04) upon each dollar In value O
the taxable property within the state
. the same to be known as the stat
e highway tax, and the proceeds Of tn
same are hereby appropriated and sc
] aside until such time as the said Ida
4 no state highway bonds, fourth issue
: and all interest which shall have az
e crued thereon are fully paid and n
9 deemed. The moneys accruing fror
the source above mentioned, whic
are hereby diverted, appropriated an
8 set aside for the purpose above 81
+ forth, shall be by the state auditC
y and state treasurer credited to an
:. placed in the said state highway n
= demption fund, fourth bond issue, o,
/ of which fund the state treasurer sha
& pay the interest upon the Idaho stat
z highway bonds, fourth issue, as II
same shall become due and upon ar
e day upon which the interest coupon
e attached to said bonds become due b
, ginning January 1, 1881, he shall all
'e pay so much Of the principal Of sa
% bonds az It may be possible to pt
q after reserving In said fund none,