The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1920-08-26

ing in said fund moneys sufficient IL
amount to pay the interest upon thoss
said bonds then outstanding which
will accrue and become due during
| and within the next ensuing year.
| Section 10. IL at any time there
shall not be sufficient moneys in the
said state highway redemption fund
I fourth bond issue, to pay the interest
I upon or principal of the Idaho state
highway bonds, fourth issue, author
lied 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 sufficient moneys for
that purpose have accrued to the said
state highway redemption fund, fourth
bond issue, repay TO the state genaral
fund all amounts taken therefrom I'M
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 20 the strict terms there
/ of, the faith and credit of the state Of
Idaho is 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-
Gent 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
heretofore issued under acts Of the
Legislature Of said state.
Section II. The state treasurer
shall give two weeks notice by
publication in two newspapers of gem
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 at 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,
as herein provided.
Section 10. The expenses of print
ing or lithographing and procuring
suitable bonds with interest coupons
attached, for the purpose of carrying
out the provisions of this act, shall be
paid out of the moneys arising from
the sale thereof as an expense incl
dent to the laying out, surveying and
constructing of said system of state
highways.
Section Ia. The said state highway
bonds, fourth issue, to be issued under
the provisions of this act, shall bear
date of January 1, 1921, and become
due January l, 1941 Both bonds and
interest coupons herein authorized to
be issued shall be payable at the Of
fice of the state treasurer at Boise,
Idaho.
Section 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, te-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 fed
eral government or both, in such
amounts as deemed proper by the de-
partment.
The foregoing allotment is made
contingent upon the availability of CO.
operative funds to be supplied by
counties, highway districts and the
federal government, as provided by
law, or funds supplied by private do
nation or received from any other
source, and should it appear to
the satisfaction of the department
of public works at any time sub
sequent to January l, 1922, that
funds will not be sup
piled in the necessary amounts to
make use of the entire amount
herein appropriated, the department
of public works may use, at its dis
erection any remainder for the con-
struction or completion of such state
interests of the state.
Section 16- This act shall no: take |
effect until at the next general cleo
ton it shall have been submitted to
the people and shall have received a |
of all the votes cast for or
against it ut such election
The question to be submitted to the
electors Of the state At the next gen.
er1l election in order to determine I
they viii approve or reject
this act, shall be rs follows:
Shall bond issue Of $4,000, 900 be
authorised for laying out, surveying |
and conatructio Of state highways?
Section II. The secretary Of state
IS directed to publish this act in one
in each county, if one be
published therein, throughout the
state for three months next preceding
he next general election The secre-
AIRY Of state Is directed to certify to
he county auditors and the latter to
print on the ballots ut the next gener-
Il election the foregoing question.
The returns on said question shall be
cAnvassed and certified in
he manner provided by law for con-
Ititutioaal amendments-
Approved March IA, 1919.