The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1920-10-14

: ',',.aliu 70 said bonds become dino r.,
: shining January /, 1881. no sbaiG -
: S 80 much OF the PRINCIPAL - 80
us as ~ mas be Possible - ~
''.'e s rtserNIn- la said fnua ,,.,,i IA'
, ~. ,'eht IN amount TO my the 49,,
upVh those said bonds th.r -.
''"'lulhs which vii accrue an,
o'ne uue during ami within rh.' ~,
ensuing year. ne next
- - Az. AZ FL any time Zero shall
Ho' pe sufficient MONEYS IN tha -
"a" highway redemption fund four,n
o'u ISSUE 10 pay The interAs, unor
~ 4"Vilil of the Idaho stnto Nh
"' Dohus, fourth issue, authorizes nv
,I,'-it 49, 'heh uGt, the state treasurer
- Pay lne same out OF the general
~ "a lne state. The state treasurer
80 Ho"eFef as soon thereafter MS
moneys Tor that purnasa
~'O dCVrueu 10 the said STATE ltyh.
90 ieueulpuol tund, fourth bond is
80 teP"9 10 the state general fund all
"4nouhS taken therefrom under this
- o,,t tSion ana lot previously repaid
ON L. FOR the payment of tho
onus authorlled TO he issued under
anu y! Tue provisions of this act and
'ne interest which shall accrss there
on' according TO the strict terms there
~ Tue Ialth and credit of the state of
iuaho Is solemnly pledged, and for the
ia! nieht OF such bonds and the inter.
1st thereon III lawful money of the
Chiteu states OF America as and yhan
Tue same shall become due tho state
treasurer shall reserve any and suffi-
Tiehl Oh the money in his hands, at the
leasl possible cost, in preference /, all
other claims Whatsoever, except tho in
terest upon and the PRINCIPAL of ,,fhar
ponds OF the state of Idaho heretofore
issued under acts Of the legislature ~
said state. VI
SEC II. The state treasurer shall
give two weeks notice by publication
III TWO newspapers of general circula-
tlon, one of which is published I'm the
state OF Idaho, of the intention OF the
state to sell the bonds authorized Inv
the provisions of this act and shall
invite bids therefor. Said bonds must
De SOLD at not less than the par yalue
thereof, upon the best terms offered
ana at the lowest rate of interest
named by any bidder. The state
treasurer shall have the right tn re-
Ject any and all of the bids offered
ana may readvertise for bids, as here
in provided.
SEC. ID. The expenses of printing
., ilthographlng and procuring suit
apie bonds with interest coupons at
lached, Tor the purpose of carrying
OUT the provisions of this act, shall
De paid out of the moneys arising
from the sale thereof as an expense
incident to the laying out, surveying
and constructing of said system of
state highways.
SEC. a. The said state highway
bonds, fourth issue, to be issued under
the provisions Of this act, shall bear
date OF January 1, 1921, aud become
due January 1, 1941. Both bonds and
interest coupons herein authorized to
be issued shall be payable at the Of
lice or the state treasurer at Boise,
Idaho.
SEC. Is. 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 cooperation
with counties and highway districts
of the state of Idaho, or the federal
government Of both, in such amounts
as deemed proper by the department.
The foregoing allotment is made
contingent upon the availability Of CO.
operative funds to be supplied by coun~
ties, highway districts and the federal
government as provided by law, or
funds supplied by private donation or
received from any other source, and
| should 1t appear to the satisfaction Of
the department Of public works at any
time subsequent to January /, 1922,
that cooperative funds will not be sup
piled in the necessary amounts to
make use of the entire amount herein
appropriated, the department of pub
lie works may use, at its discretion
any remainder for the construction or
completion of such state highways as
deemed by it for the best interests of
the state.
SEC. 16. This act shall not take
effect until at the next general cleo
ton it shall have been submitted to
the people and shall have received a
majority Of all the votes cast for or
against it at such election.
The question to be submitted to the
electors of the state at the next gener-
al election in order to determine
whether they will approve or reject
this act, shall be as follows:
Shall a bond issue of S2,000,000 be
authorized for the laying out. survey
| ing and constructing Of state high
ways?
SEC. II. The secretary of state is
directed to publish this act in one
newspaper in each county, il one be
published therein, throughout the state
for three months next proceeding the
next general election. The secretary Of
state is directed to certify to the
county auditors and the latter to print
on the ballots at the next general cleo
ton the foregoing question. The re-
turns on said question shall be count
ed, canvassed and certified in the man.
ner provided by law for constitutional
amendments.
Approved March IA, 1919.
| Aug. 19-Oct. g.