Clearwater Republican. [volume] (Orofino, Idaho) 1912-1922, 1920-08-27
be paid into the Idaho state
highway fund Such moneys are

hereby appropriated and made avail
able for the laying out, surveying
and constructing of system of
| tie highways in the state of Idaho,
| including all bridges. culverts and
grades and the purchase of rights of
way forming a part thereof or being
! necessary to be had, used or occu-
pied in connection Herewith and for
! such purposes only. No moneys
shall at any time be withdrawn per-
manently from said fund except up
On the warrant of the state auditor.
SEC. 9. For the purpose of Gre
ating fund, which said fund is
hereby designated as the state
| highway redemp tion fund. fourth
bond issue, out of which shall be
! paid the principle and interest upon
| by virtue of the provisions Of this
act there is hereby levied a
tax of four-tenths of ono mill
value of the taxable property
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 treasurer credited to and
placed in the said state highway re-
demption fund, fourth bond issue, out
of which fund the state treasurer
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 inter
est coupons attached to said bonds
become due. beginning January L.
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 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.
| SEC. 10. If at any time there
shall not be stuff cient moneys in the
said state highway redemption fund,
fourth bond issue, to pay the inter
est upon or PRINCIPAL of the Idaho
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,
however, as soon thereafter as suf-
ficient moneys for that purpose have
accrued to the said state highwav
redemption fund, fourth bond issue
repay to the state general fund all
amounts taken therefrom under this
provision and not previously repaid
SEC. H. For the payment of the
bonds authorized to be issued under
ard BY The provisions of this act and
the interest which shall accrue
thereon according to the strict
terms thereof, the faith and credit
of the state of Idaho is solemly
pledged, and for the payment 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 ste tt
treasurer shall reserve any and suf-
! ficient of the money in his hands,
at the least possible cost. in nrefer~
encc to all other claims Whatsoever.
except the interest upon and the
principal of other Bonds of the state
of Idaho heretofore issued urder
acts of the legislature of said state.
SEC. IL. The state treasurer shall
! give two weeks notice by publica-
ton in two newsraners of general
/ circulation. one of which is pub
/ lished in the state of Idaho. of tho
intention 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 thar the par value there
of, upon the best terms offered ard
at the lowest rate of interest named
by any bidder The state treasurer
shall have the right to reject arv
and all of the bids Offered and may
readvertise for bids, as herein pro
vided
SEC. 13. The expenses of print
ing or lithogra phing -nG PROCURING
suitable bonds With interest counone
attached, for the purpose Of carry
inG on" the provisions Of this act
shall b. pnid out Of tho moneys arts
ing from the sale thereof AS an ex-
pense incident 20 the LAYING out
surveying and corstructing o. said
system of state highways.
SEC. ID. Tha said state highwa~
bonds. fourth issue, to be issued IN
der tho provisions Of this act. shall
bear date of January l, 1921, ana
become due January 1, 1871. Roth
bonds and interest COUPONS horein
authorized to be issued shall be pay
able at the office Of the state treas
urer at Boise. Idaho.
SEC. 5. The department of pub
lie works Of the state or Idaho "a
hereby directed to apply the pro
ceeds of the said Idaho state high
way 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
/ federal government or both, in such
amounts as deemed proper by the
! department
The foregoing allotment is made
contingent upor the availability Of
cOOnara five funds IN he cun0Iiod r.,