Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1920-10-15

become due. beginning January 1. 1881
he shall also pay so much OF the prin.
: cipal of said bonds as It may be poss.
' ible TO pay after reserving in said func
moneys sufficient In amount to pay the
interest upon those bonds then out
standing which viii accrue and becom-
due during and within the next ensuing
year.
SEC. 10. II at any time there shall
not be sufficient moneys In the said
state highway redemption fund. fourth
bond issue 10 pay the interest upon or
principal Of the state highway bonds
fourth issue. authorized by this act
then due. the state treasurer shall pay
the same out Of the general fund of the
state. The state treasurer shall. how
ever as soon as sufficient moneys for
that purpose have accrued to the said
state highway redemption fund, 70 IT n
bond issue. repay to the state general
fund all amounts therefrom under this
provision and not previously repaid.
SEC. II. For the payment Of the
I tonds authorized to be issued Under
md by the provisions OF this act and
ne interest which shall accrue thereon.
according 10 the strict terms thel ecf. (
the faith and credit of the STATE Of
Idaho IS solemnly pledged, and for the
paymen Of such bonds and the interest
thereon in lawful money of the United
States Of America as and when the
same shall become due the state treas
ured shall reserve any and sufficient
Of the money in his hands, at the least
possii le cost. in preference to al .ther
claims whatsoever, except the interest e.
upon and the principal Of other bonds
Of the state OF Idaho heretofore issued
under act of the legislature OF said
state.
SEC. 70. The state treasurer shall
give two weeks notice bv publica tion
IN two newspapers Of general circu-
ation, one Of which is published in the
state Of Idaho. Of the intention Of the
state to sell the bonds authorized bv
he provisions of this act. and shall
invite bids therefore. Said bonds nous-
Re sold at not less than the par value
hereof upon the best terms offered
nd the lowest rate of interest named
" any bidder. The state treasurer
nah have the right to reject anv and
Il of the bids offered and NAV re- :
dvertise for bids. as herein provided ;
iithographing and procuring suit :
bile bonds with interest coupons at
iched. for the purpose Of CARVING 1
ut the provisions Of this act shall he \
lid out Of the moneys arising from the q
lie thereof as an expense incident 70 f
re laying out, surveying and construct
6 of said system Of state highways n
SEC. Il. The said state highway n
l00C fourth fcerra to -
e provisions Of this act, shall bear =
tie Of January 1, 1921. and become G
lie January 1. 1871. Both bonds and o.
terest coupons herein authorized to o.
issued shall be payable at the office az
the state treasurer at Boise. Idaho ii
SEC. IS. The department Of puh1fo If
'rks Of the state Of Idaho IS hereby lv
-ected to apply the proceeds of the =.
Id Idaho state highway bonds. fourth ~ ~
ue, as follows. towit III
To the completion or constr,1otio, OF
state roads or bridges in coopera ffon &C
tn counties and highway districts pt
the state Of Idaho or the federal do
Eernment or both, in such amounts on
deemed proper by the department us
The foregoing allotment is made ne
tingent upon the availability Of CO. ~
rative funds to be supplied by coun- -
;, highway districts and the federal O,i'
eminent, as provided by law. or Cl'
DIS supplied by private donation or ira
elved from any other source. and VIII
uld 1t appear to the satisfaction "
me department Of public works at lie1
time subsequent to January 1. 1922 hes
cooperative funds will not be SIM The
IN the necessary amounts To 81,
Re use OF the entire amount herein 80
ropriated, the department of puhIic 'iiis
KS may use at it's discretion any use
ainder for the construction or Is II
pletlon Of such state highways as not
ned by 1t for the best interests ~ rule
state y
SEC. 16. This act shall not take noe,
I until at the next general cleo hoss
II snail have been submitted to the an
lie and shall have received a ma
1st it at sucb e1ect,on o' VI radi
me question to be submitted IN we
electors Of the state at the next dive
raj election in order to detrnine char
her they win approve or reject grou
act, shall be as follows: lsho,
man a bond issue of $4,000 ooo be o,r
'rlzed Tor the laying out. surveying -,
constructing Of state highways? ~,
c. II. The Sescr+sr,, ~ ~ -. lie.
'ected to publish This act ~ 80 goat
paper in each county. If ono no are
she'd therein, throughout the state veal
lree months next proceeding the Ing
senerai eiection. The secretary enOui
= - ulrecte,i 10 certify to the will
70 balIotS anu me iatter TO print Of al
IN the foraro;-a. -. general under
IS on said question shall be count
anvassed and certified in the "REf
er provided by law for constI-
al amendments.
Approved March II, 1919.