The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1920-10-18

elusive. ANY OF all Oh Salu DOHus
may, at the pleasure of the state
be paid off and redeemed after IL
years from the date of issuance.
Sec. 3. The state treasurer shall
cause to be printed or Autographed
suitable bonds in proper form with
interest coupons attached thereto
for the purpose of carrying out the
provisions of this act.
Sec. 4. All bonds issued under
and by virtue of the provisions OF
this act shall be signed by the gov
ernor of the state of Idaho with his
own proper name and in his official
capacity. They shall likewise be
signed by the secretary of state in
his official capacity and be anthem
ticated by having attached to each
the great seal of the state Of Idaho.
Sec. 5. After being signed by
the governor and the secretary Of
state and being authenticated as
hereinbefore provided the said bonds
shall be delivered to the state audi
tor, who shall make and keep, in his
office register fully and properly
describing each bond and the inter-
est coupons attached thereto in the
manner and form in which bonds
heretofore issued by the state of
Idaho are described in the registers
thereof kept in the office of the
state auditor. Having so registered
the same, the state auditor shall de-
liver the bonds to the state treasur-
er with the full par value thereof.
Sec. 6. The state treasurer shall
make and keep in his office regis
ter of all bonds issued under the
provisions of this act, which regis
ter shall show all those things re-
CURED to be shown by the register
thereof kept in the office of the
state auditor and such other infor-
nation with respect thereto as the
treasurer shall deem 1t proper and
necessary to record. La
Sec. Z. When ready to make de-
livery Of same the state treasurer
shall sign each of said bonds with
his own proper name and in his Of
fetal capacity as such state treas
urer and each of the interest cou-
pons attached thereto shall have the
or printed facsimile
signature of the state treasurer,
which signatures shall bind the state
Of Idaho. The state treasurer shall
make delivery of the bonds to the
purchaser thereof on behalf Of the
state of Idaho and shall at the same
time make collection from said pur-
chaser of the full amount Of the
price for which the same are sold.
Sec. 8. All moneys received from
the sale Of the Idaho state highway
bonds, fourth issue, shall be paid
into the Idaho state highway fund.
Such moneys are hereby appropriate
ed and made available for the laying
out, surveying and constructing OF
/ system Of state highways in the
state of Idaho, including all bridges,
,ulverts and grades and the pur-
,hase of rights of way forming
part thereof or being necessary to
,e had, used or occupied in con-
lection Herewith and for such pur-
poses only. No moneys shall at any
lime be withdrawn permanently
rom said fund except upon the war
ant of the state auditor.
Sec. 8. For the purpose or Great
ng fund, which said fund is hereby
designated as the state highway re-
lemption fund, fourth bond issue,
tut of which shall be paid the princi-
,al and interest upon the bonds to be
ssued under and by virtue of the
provisions of this act, there is here
~ levied tax of four-tenths Of one
mill ($.0004) upon each dollar in
,alue of the taxable property with
n the state, the same to be known
Is the state highway tax, and the
proceeds of the same are hereby
and set aside until such
ime as the said Idaho state high
way bonds, fourth issue, and all in
crest which shall have accrued
hereon, are fully paid and redeem
d. The moneys accruing from the |
ource above mentioned, which are
ereby diverted, appropriated and
ct aside for the purpose above set
orth, shall be by the state auditor
nd state treasurer credited to and
laced in the said state highway re-
emption fund, fourth bond issue,
ut of which fund the state treas
rer shall pay the interest upon the
daho state highway bonds, fourth
,sue, as the same shall become due,
nd upon any day upon which the
interest coupons attached to said
onds become due, beginning jan
airy 1, 1881, he shall also pay so
luch of the principal Of said bonds
s it may be possible to pay after
eserving in said fund moneys suf-
lcient in amount to pay the interest
pom those said bonds then outstand-
lg which shall accrue and become
ue during and within the next en-
uing year.
Sec. 10. If at any time there shall
OF be sufficient moneys in the said
tate highway redemption fund,
ourth bond issue, to pay the interest
pom or principal of the Idaho state
ighway bonds, fourth issue, auIr
1orized by this act, then due, the
tate treasurer shall pay the same
ut Of the general fund of the state.
he state treasurer shall, however,
8 soon thereafter as sufficient mon
VS. for that purpose have accrued to
ne said state highway redemption
Ind, fourth bond issue, repay to the
tate general fund all amounts TAX
q therefrom under this privisiOn
nd mt nreviouslv renaid