The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1920-09-23

lDB IN oA10 1QU4 moneys nu111e1onf
} amount to nay the intereat upon tho1
!, said bondG then outstanding While
j viii accrus and become due durin
J and Within tho noxt ensuing year.
I Section 10. II 1t any tine thar
AhA1l not b sufficient moneys in th
said state Highway redemption fund
1 fourth bond issue, to pay the interes
| upon Or principal Of the Idaho stat,
highway hoods, fourth issue, author
lied by this ct, then due, the stat,
treasurer shall pay the Same out o,
l ~ general fund Of the state. Tn
state treasurer shall, however, ~ sooI
thereafter ~ sufficient moneys foi
that purpose have accrued to the saiC
state highway redemption fund, fourth
bond Issue, repay TO the state genaral
fund Al 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 10 solemnly pledged, and for the
payment Of such bonds and the inter-
est thereon in lawful money Of the
United States Of America as and when
the same shall become due the state
treasurer shAll reserve any and suffi-
cicnt 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
heretofors issued under acts Of the
Legislature Of said state.
Section IL. The state treasurer
shAH give two weeks notice by
publication in two newspapers Of gen.
eral circulation, one Of which 10 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 ut 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,
~ herein provided.
Section Is. The expenses Of print
ing or lithographing and procuring |
suitable bonds with interest coupons |
for the purpose Of carrying |
out the provisions of this act, shall be
paid out Of the moneys arising from
he sale thereof as an expense Incl
lent to the laying out, surveying and
Of said system of state
highways.
Section ID. The said state highway
t1sfh To bo H.
he provisions Of this act, shall bear
late of January 1, 1921, and become
lue January l, 1941. Both bonds and
interest coupons herein authorized to
,e issued shall be payable at the Of
Ice Of the state treasurer at Boise,
IDAHO.
Section is. The department of
public works Of the state Of Idaho is
lereby directed to apply the proceeds
4 the said Idaho state highway bonds,
ourth issue, as follows, to-wit:
To the completion or construction
4 state roads or bridges in coopera-
ion with counties and highway dis
riots of the state Of Idaho or the fed
raj government or both, in such
mounts as deemed proper by the de-
artment.
The foregoing allotment is made
ontingent upon the availability Of CO.
perative funds to be supplied by
ounties, highway districts and the
ederal government, as provided by
Nv, or funds supplied by private do
alton or received from any other
PURGE, and should it appear to
lie satisfaction Of the department
public works at any time SUBJ
,quent to January l, 1922, that
funds will not be sup
led in the necessary amounts to
axe use of the entire amount
,rein appropriated, the department
elton any remainder for the con-
ruction or completion Of such state
ghways as deemed by it for the best
terests of the state.
Section 16. This act shall not take
'ect until at the next general cleo
IN it shall have been submitted to
e people and shall have received
ajority Of all the votes cast for or
ainst it at such election
The question to be submitted to the
'ctors Of the state At the neyt gen.
u election In order to determine
ether they will approve or reject
8 act, shall be As follows:
Shall . bond issue Of $4,000 600 be
thorized for laying out, surveying
l constructio Of state Highways!
Section II. The secretary Of state
directed to publish this act in one =
vspaper in each county, if one be y
,lished therein, throughout the
to for three months next preceding
next general election. The secre-
y of state is directed to certify to
county auditors and the latter to
nj on the ballots at the next gener-
election the foregoing question.
, returns on said question shall be
nted, cAnvanped ard certified in
manner provided by law for con-
utioSAl amendments.
approved March II, 1919.