The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1920-09-27

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. g.. 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.
quired 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.
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
ficial capacity as such state treas
urer and each of the interest cou-
pons attached thereto shall have the
Autographed 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
culverts and grades and the pur-
chase of rights of way forming
part thereof or being necessary to
be had, used or occupied in con-
nection Herewith and for such pur-
poses only. No moneys shall at any
time be withdrawn permanently
from said fund except upon the war
rant of the state auditor.
Sec. 9. For the purpose OF Great
ing fund, which said fund is hereby
designated as the state highway re.
demption fund, fourth bond issue
out of which shall be paid the princi-
pal and interest upon the bonds to be
issued under and by virtue of the
provisions Of this act, there Is here
by levied a tax of four-tenths Of one
mill 100000 upon each dollar In
value of the taxable property with
in the state, the same to be 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 high
way bonds, fourth issue, and all in
terest which shall have accrued
thereon, are fully paid and redeem
ed. The moneys accruing from thu
source above mentioned, which ar
4 hereby diverted, appropriated ant
set aside for the purpose above Sc
forth, shall be by the state audito
and state treasurer credited to AM
placed in the said state highway re
demption fund. fourth bond issue
out of which fund the state treas
urer shall pay the interest upon tn
Idaho state highway bonds, fourtl
issue, as the same shall become due
and upon any day upon which tn
interest coupons attached to sal
bonds become due, beginning Jan
uary /, 1881, he shall also pay 8
much Of the principal of said bond
as it may be possible to pay ate
reserving in said fund moneys sui
ficient in amount to pay the interes
upon those said bonds then outstand
ing which shall accrue and becom
due during and within the next er
suing year.
Sec. 10. If at any time there sha
not be sufficient moneys in the sal
state highway redemption funt
fourth bond issue, to pay the interes
upon or principal Of the Idaho stat
highway bonds, fourth issue, au
thorized by this act then due, tn
state treasurer shall pay the sam
out of the general fund Of the stat
The state treasurer shall, howeve
as soon thereafter as sufficient mol
eys for that purpose have accrued I
the said state highway redemptio
fund, fourth bond issue, repay to til
state general fund all amounts tai
en- therefrom under this privisio
and not previously repaid.
Sec. IL. For the payment Of th
bonds authorized to be issued undo
and by the provisions of this az
and the interest which shall accru
thereon, according to the strict tern
thereof, the faith and credit OF tn
state of Idaho is solemnly pledges
and for the payment of such bono
and the interest thereon in lawfl
money Of the United States of Amer
lea as and when the same shall b.
come due, the state treasurer sha
reserve any and sufficient of II
money in his hands, at the least po
sible cost, in preference to all otht
claims whatsoever, except the int
est upon and the principal OF othe
bonds of the state of Idaho heret'
fore issued under acts Of the lesi
lature of said state.
Sec. ~. The state treasurer sha
give two weeks notice publicatio
in two newspapers Of general CT
culation, one Of which is publishe
in the state Of Idaho, Of the intel
ton of the state to sell the bono
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