Clearwater Republican. [volume] (Orofino, Idaho) 1912-1922, 1920-10-01

per centum per annrm. and such IN
snail DC paid In equal
annuai installments upon the
IS! day of January and the
ISL day OF July In each year. Such
'ns,aiinlents OF interest shall be
| eNiuenced by 40 interest coupons NJ
lached to each bond in such man
ner mat they may be detached and
removed without mutilating either
'he nond or the coupons themselves
ana De numbered consecutively from
TO 40 inclusive Any or all of
saio bonds may, at the pleasure OF
me state. be paid off and red -emed
aIter 10 years from the date OF is
suance.
| SEC.3. The state treasurer shall
cause to be printed or Iithopra phed
suitable bonds in proper form with
interest coupons attached thereto IN,
'ne purpose of carrying out the pro-
visions Of this act.
SEC. 4. All bonds issued under
and by virtue Of the provisions NJ
this act shall be signed by the gov
ernor Of the state OF Idaho with
| ms own proper name and IN his
oiiicial capacity. They shall like
wise be signed by the secretary of
s.a,e IN ms official capacity and be
concentrated by having attached to
Idaho VI
SEC. 5. After being signed by
| the governor and the secretary Of
STATE and being authenticated as
nereinbefore provided the said bonds
snail be delivered to the state audit
or who shall make and keen in his
oifice register fully and properly
describing each bond and the inter
est coupons attached thereto in the
manner and form in which bonds
heretofore issued by the state az
Idaho are described in the registers
tnereof kept in the office OF the
state auditor. Having so registered
the same. the state auditor shall
deliver the bonds to the stare
treasurer and shall charge the treas
drer with the full par value thereof.
SEC. 6. The state treasurer shall
make and keep In his office a regis.
ter OF all bonds issued under the
provls1oRs OF this act, which register
shall show all those things required
to be shown by the register thereof
kept In the office of the state audit
or and such other information with
respect thereto as the treasurer shal,
deem 1t proper and necessary to re-
cord.
SEC. Z. When ready to make de-
livery OF same the state treasure
shall sign each OF said bonds with
MS own proper name and IN his Of
riclal capacity as such state treasur-
or and each Of the interest coupons
attached thereto shall have the
autographed or printed facsimile
signature OF the state treasurer
which signatures shall bind the state
of Idaho. The state treasurer shall
make delivery of the bonds to the
purchaser thereof on behalf Of the
state of Idaho and shall at the same
time make collection from said pur
chaser Of the full amount OF the
price for which the same are sold.
SEC. 8. All moneys received
from the sale of the Idaho state
highway bonds, fourth issue, shall
be paid into the Idaho state
highway fund. Such moneys are
hereby appropriated and made avail
able for the laying out, surveying
and constructing of system of
state highways in the state Of Idaho,
including all bridges, culverts and
grades and the purchase of rights of
way forming part thereof or being
necessary to be had, used or occu-
pied in connection Herewith and for
such purposes only. No moneys
shall at any time be withdrawn per-
manently from said fund except up
IN the warrant of the state auditor.
SEC. 8. For the purpose of Gre
ating fund, which said fund is
hereby designated as the state
highway redemption fund, fourth
bond issue, out of which shall be
paid he principal and interest upon
the bonds to be issued under and
by virtue of the provisions of this
act there is hereby levied a
tax Of four-tcn.hs of one mill
($.0O04) upon each dollar in
value of the taxable property
within the state. the same to be
known as the state highway tax, and
the proceeds Of the same are hereby
appropriated and set aside until
such time as the said Idaho state
highway bonds, fourth issue. and all
interest which shall have accrued
thereon are fully paid and redeemed
The moneys accruing from the
source above mentioned. which are
hereby diverted, appropriated and
set aside for the purpose above set
forth, shall he by the state auditor
and state treasurer credited to and
placed in the said state highway re-
demption fund. 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 inter
est coupons attached to said bonds
become due. beginning January l.,
1891. he shall also pay so much of
the principal of said bonds as II may
be possible to pay after reserving In
said fund moneys sufficient in
amount to pay the interest upon
those said bonds then outstanding