Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1920-09-24

rying ont the provisions pf this act
SEC. 4. All bonds issued under
and by virtue OF the provisions 81
this act shall be- signed hy the gov
ernor of the state OF Idaho with his
own proper name and in hia official
capacity. They shall likewise be sign
ed by the secretary OF state In his
official capacity and be authontica-
ted by having attached TO each the
great seal OF the state or Idaho.
SEC. 8. After being signed bv
the governor and the SAcretary az
state and being authenticated a.
hereinbefore provided the said bonds
shall be delivered to the state audit
70 who shall make and keen in his OF
rice register fully and properly de-
crtDing each bond and the interest
coupons attached thereto In the man
ner and form in which bohda hereto
Tore issued by the state OF Idaho are
described In the registers thereof
kept In the office OF the state audit
or. Having so registered the same,
the state auditor shall deliver the
bonds to the state treasurer and
snail charge the treasurer with the
full par value thereof.
SEC. 6. The state treasurer
shall make and keep in his office q
register of all bonds issued under
the provisions OF this act, which re-
gfster shall show all those thlnRs re-
quired to be shown by The register
thereof kept in the office OF the state
auditor and such other information
with respect thereto as the treasurer
snail deem 1t proper and necessary TO
record.
SEC. 7. When ready to make
delivery OF same the state treasurer
shall sign each of said bonds with his
own proper nAm8 and his official
capacity as such state treasurer and
each OF the interest coupons attach
ed thereto shall have the lithograph-
ed or printed facsimile signature OF
the state treasure, which signatures
shall bind the state >Of Idaho. The
state treasurer shall make delivery
OF the bonds to the purchaser there
OF on behalf OF the state OF Idaho
and shall at the same time make
collection from said purchaser OF the
tull amount of the price for which
the same are sold.
SEC. s. All moneys receiye0
from the sale of the Idaho state high
way bonds, fourth issue, shall be
paid into the Idaho state highway
fund. Such moneys are hereby ap-
proprtated and made available FOR
the laying out, surveying and con-
strueting OF system OF state high
ways IN the state Of Idaho, includ-
ing all bridges, culverts and grades
and the purchase OF rights of way
forming a part thereof Or being me-
cessary to be had, used or occupied
in connection herewith and for such
purposes only. No monNya ahall a
any time ba withdrawn permanently
from said fund except upon war
rant OF the state auditor.
SEC. 0. For the purpose Of
creating fund.-, which paid fund 10
hereby designated as tho state high |
way redemption fund, fourth bond
issue, out OF which shall be paid the
principal and interest upon the bonds
to be issued under and by virtue Of
the provisions OF this act there is
hereby levied a tax Of four-tenths
OF one mill $4,000 upon each dol
lar in value OF the taxable uroparty
within the state, tho same 10 he
known as the state highway tax, ana
the proceeds OF the sarhe are here
by appropriated and SEX 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 \
inc moneys accrning from the |
source above mentioned, which are I
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 slate highway
redemption fund, fourth bond issue,
out of which fund the state treas.
urer shall pay the interest upon the