The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1920-10-04

interest shall be paid In equal semi
annual installments upon the Isl
day of January and the LIST day o
July In. each year. Such install
ments of interest shall be evidenced
by 40 interest coupons attached K
each bond in such manner that the,
may be detached and removed with
out mutilating either the bond OF
the coupons themselves and be mum
bered consecutively from l to 40 in
elusive. Any or all Of said bond.
may, at the pleasure of the state
be paid off and redeemed after II
years from the date Of issuance.
Sec. 8. The state. treasurer shall
cause to be printed or Autographed
suitable bonds in proper form. with
Interest coupons attached thereto
for the purpose Of carrying out the
provisions 0f this act.
Sec. 4. All bonds issued under
and by virtue of the provisions Of
this act shall be signed by the gov
ern0r Of the state Of Idaho with his
wnsproper name and in his official
capacity. They shall likewise be
signed by the secretary Of state In
his official capacity and be authen-
tfcated by having attached to each
the great seal Of the state Of Idaho.
Sec. 8. After being signed by
the governor and the secretary OF
state and being authenticated as
hereinbefore provided the said bonds
shall be delivered to the state audi
tor who shall make and keep in his
office a 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 OF
Idaho are described in the registers
thereof kept in the office OF the
state auditor. Having SO registered
the same, the state auditor shall de-
liver the bonds to the state treasur-
er with the full par value thereof.
Sec. 6. The state treasurer shall
make and keep in his office q regis
ter of all bonds issued under the
provisions of this act, which regis
ter shall show all those things re-
uuired to be shown by the register
thereof kept in the office OF the
state auditor and such other infor-
nation with respect thereto as the
treasurer shall deem 1t proper and
necessary to record.
Sec. 7. When ready to make de-
livery of. same the state treasurer
shall sign each of said bonds with
his own proper name and In his OF
ficial capacity as such state treas
urer and each of the interest cou-
pons 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 appropriate
ed and made available for the laying
out, surveying and constructing OF
a system of state highways In the
state of Idaho, including all bridges,
culverts and grades and the pur-
chase of rights of way forming q
part thereof or being necessary to
be had, used or occupied in con-
nection. Herewith and for such pur-
poses only. No moneys shall at any
time be withdrawn permanently
from said fund except upon the war
rant Of the state auditor.
Sec. 9. For the purpose OF Great
ing fund, which said fund Is hereby
designated as the state highway re-
demption fund, fourth bond issue,
out Of which shall be paid the princi-
pal and interest upon the bonds to be
issued under and by virtue of the
provisions Of this act, there Is here
by levied q tax of four-tenths OF one
mill ($.0004) upon each dollar In
value of the taxable property with
in the state, the same to be known
as the state highway tax, and the
proceeds Of the same are hereby
and set aside until such
time as the said Idaho state high
way bonds, fourth issue, and all in
terest which shall have accrued
thereon, are fully paid and redeem
ed. The moneys accruing from the
source above mentioned, which are
hereby diverted, appropriated and
set aside for the purpose above set
forth, shall be by the state auditor
and state treasurer credited to and
-eI GBMqSIq s3Bls pres eql W psoBId
demption~ fund, fourth bond issue,
out of which fund the state treas
urer 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
interest coupons attached to said
bonds become due, beginning jan
uary /, 1881, he shall also pay so
much Of the principal of said bonds
as it may be possible to pay after
reserving in said fund moneys suf-
ficient in amount to pay the interest
upon those said bonds then outstand-
ing which shall accrue and become
due during and within the next en-
suing year. Z.
Sec. 10. If at any time there shall
not be sufficient moneys in the said
state highway redemptiOn fund,