The daily star-mirror. (Moscow, Idaho) 1911-1939, 1920-08-26

: sign each of said bonds with his OW
f proper name and in his official capa
} city as such state treasurer and eac
of the interest coupons attached there
to shall have the autographed 0
mrinted facsimile signature of tn
state treasurer, which signature shall
bind the state of Idaho. The stat
treasurer shall make delivery of tn
0nds 10 the purchaser thereof on be
half of the state of Idaho and shall
at the same time make collection iron
said purchaser of the full amoun 0
the price for which the anne are sold
Sec. g.. All moneys received from
the sale of the Idaho state highway
bonds. fourth issue, shall be paid into
the Idaho state highway fund. SucI
moneys are hereby appropriated ant
made available for the laying out, sur
veying and constructing of a system
of state highways in the state OF Ida
no. including all bridges. ~culyerts and
grades and the purchase of rights Of
way forming a part thereof or being
necessary to be had, used or occupied
in connection Herewith and for such
purposes 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any time be withdrawn permanently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 creating
a fund, which said fund is hereby de-
signed as the state. highway redemp-
ton fund. fourth bond issue, out of
which shall be paid the 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-tenths of one mill 100000 up
on 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
be by the state auditor and state treas
urer credited to and placed in the said
state highway redemption fund, fourth
bond issue, out of which fund the state
shall pay the interest upon
the Idaho state highway bonds, fourth
Issue. as the same shall become diie,
and any day upon which the interest
coupons attached to said bonds be-
come due, beginning January |, 1881,
he shall also pay so much of the prin-
cipal of said bonds as 1t may be pos
sible to pay after reserving in said
fund money sufficient in amount to
pay the interest upon those said bonds
then outstanding which will accrue
and become due during and within the
next ensuing year.
Sec. 10. If at any time there shall
not be sufficient moneys in the said
highway redemption fund. fourth
bond issue, to pay the interest upon or
principal of the Idaho state highway
ponds, fourth issue, authorized by this
act, then due, the state treasurer shall
the same out of the general fund
Of the state. The state treasurer shall,
as soon thereafter as snfti-
lent moneys for that purpose have
10 the said state highway
fund, fourth bond issue,
'epay to the state general fund all
amounts taken therefrom under this
provision and not previously repaid.
Sec. II. For the payment of The
onds authorized to be issued under
by the provisions of this act and
he interest which shall accrue thereon
upon any day which the interest
ccOrding to the strict terms thereof,
ne faith and credit of the state of
daho is solemnly pledged, and for the
ayment of such bonds and the inter
st thereon in lawful money of the
nited States of America as and when
lie same shall become due the state
shall reserve any and suffi-
.ent of the money in his hands, at the
asst possible cost, in preference to all !
her claims whatsoever, except the :
Iterest upon and the principal of /.
her bonds of the state of Idaho :
,retofore issued under acts Of the Z
gislature of said state. n
Sec. II. The state treasurer shall y
We two weeks notice by publication y
two newspapers of general circula- 4
IN. one of which is published in the r
ate of Idaho, of the intention OF the Y
ate to sell the bonds authorized by Il
e provisions of this act, and shall r
vite bids therefor. Said bonds must y
sold at not less than the par value III
ereof, upon the best terms offered Fl
d at the lowest rate of interest 8
med by any bidder. The stare n
easurer shall have the right to re- III
It any and all of the bids offered Isl
d may readvertise for bids, is here U
provided. Mn
Sec. 10. The expenses of printing -
lithographing and procuring suit Y!
lie bonds with interest coupons at 61I
,hed, for the purpose of carrying 81
t the provisions of this act, shall 1fF
paid out of the moneys arising nj
IN the sale thereof as an expense n
,ident to the laying out, surveying SFF
d constructing of said system of 0I
tie highways. ~
Zee. ID. The said state highway 81
Ids, fourth issue, to be issued I'M QG
the provisions OF this act, shall III
II date of January 1, 1921, and be- S1
due January /, 1941. Both bonds IGE
interest coupons herein authorized III
issued shall be payable at tie SO
of the state treasurer at Boise, 466
no. M
Is. The department of public IN
ks of the state of Idaho is hereby "
to annlV the proceeds of the 0E