The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1920-09-02

i II may pc possible 70 pay o1ter re1efv-
| ing In said fund moneys sufficient in
amount to pay the interest upon those
said bonds then outstanding which
viii accrue and become due during
and within the next ensuing year.
i Section 10. II 1t any time there
! shall not be sufficient moneys in the
said state highway redemption fund,
fourth bond issue, to pay the interest
upon or principal Of the Idaho state
highway bonds, fourth issue, author
led by this act, -iaen due, the state
treasurer shall pay the same out Of
1 the general fund Of the state. The
state treasurer shall, however, - soon
thereafter as sufficient moneys for
that purpose have accrued to the said
state highway redemption fund, fourth
bond issue, repay to the state genaral
fund all amounts taken therefrom un-
der this provision and not previously
repaid.
Section IL. For the payment Of the
bonds authorized to be issued under
and by the provisions Of this act and
the interest which shall accrue there
on, according to the strict terms there
/ Of, the faith and credit of the state of
Idaho is solemnly pledged, and for the
| 10y VI ouGA OOll0S anu Tie lnJCL~
est thereon in lawful money Of the
United States Of America rs and when
| the same shall become due the state
treasurer shall reserve any and suffi-
Gent of the money in his hands, at
the least possible cost, in preference
to all other claims whatsoever, except
| the interest upon and the principal
of other bonds of the state Of Idaho
\ f,nr~%OfOro - ~ k<l
| legislature Of said state.
Section H. The state treasurer
shall give two weeks notice by
eral circulation, one Of which is pub
lished in the state Of Idaho, of the in
| tention of the state to sell the bonds
authorized by the provisions of this
act, and shall invite bids therefor.
Said bonds must be sold at not less
than the par value thereof, upon the
best terms offered and at the lowest
rate of interest named by any bidder.
The state treasurer shall have the
right to reject any and all of the bids
offered and may readvertise for bids,
as herein provided.
Section Is. The expenses Of print
ing or Iithographing and procuring
suitable bonds with interest coupons
attached, for the purpose of carrying
out the provisions of this act, shall be
paid out of the moneys arising from
the sale thereof as an expense Incl
dent to the LAYING out, surveying and
constructing of said system of state
highways.
Section IA. The said state highway
bonds. fourth issue, to be issued under |
the provisions of this act, shall bear
date of January 1, 1921, and become /
due January /, 1871. Both bonds and I
interest coupons herein authorized to
be issued shall be payable at the Of I
fee of the state treasurer at Boise,
Idaho.
Section 15 The department Of
public works of the state of Idaho is
hereby directed to apply the proceeds /
of the said Idaho state highway bonds, /
fourth issue, as follows, to-wit:
To the completion or construction
of state roads or bridges in coopera-
ton with counties and highway dis
tricts of the state of Idaho or the fed
eral government or both, in such
amounts as deemed proper by the de-
partment.
The foregoing allotment is made
contingent upon the availability Of CO.
operative 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 it appear to
the satisfaction of the department.
of public works at any time SUBJ
sequent to January l, 1922, that
cooperative funds will not be sup I
piled in the necessary amounts to
make use of the entire amount
herein appropriated, the department
of public works may use, at its dis
cretion any remainder for. the con-
struction or completion of such state
highways as deemed by it for the best