The daily star-mirror. (Moscow, Idaho) 1911-1939, 1920-10-14

| coed the rate OF five percentum pc
annum, and such interest shall be pai
in equal semi-annual installments up
on the LIST day of January and the is
day of July in each year. Such in
stallments of interest shall be evi
denced by 40 interest coupons attach
ed to each bond in such manner tina
they may be detached and removed
without mutilating either the bond Of
the coupons themselves and be mum
bered consecutiyely from | to 40 In
elusive. Any or all of said bonus may
at the pleasure of the state, re pai(
off and redeemed after 10 years frorr
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 pro-
visions Of this act.
Sec. A. All bonds issued under and
by virtue Of the provisions of this act
shall be signed by the governor 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 capac-
| ity and be authenticated by having at
tached to each the great seal of the
state of Idaho.
Sec. s. After being signed by the
governor and the secretary of state
and being authenticated as hereinbe-
fore provided the said bonds shall be
delivered to the state auditor who shall
make and keep in his office register
fully and properly describing each
bond and the interest coupons at
tached 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 regis
tered the same, the state auditor shall
deliver the bonds to the state treas
urer and shall charge the treasurer
with the full par value thereof
Sec. 6. The state treasurer shall
make and keep in his office a register
of all bonds issued under the provis-
ions of this act, which register shall
show all those things required 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 shall deem it proper
and necessary to record.
Sec. T. When ready to make deliv-
cry of same the state treasurer shall
sign each of said bonds with his own
proper name and in his official capa-
city as such state treasurer and each |
of the interest coupons attached there |
to shall have the Autographed or |
printed fac-simile signature of the |
state treasurer, which signature shall |
- lo1,
treasurer shall make delivery of the |
bonds to the purchaser thereof on be-
half of the state of Idaho and shall I
at the same time make collection from
said purchaser 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
he Idaho state highway fund. Such
moneys are hereby appropriated and |,
made available for the laying out, sur
7eying and constructing of a system
If state highways in the state of Ida
10, including all bridges, culverts and Il
grades and the purchase of rights of
way forming part thereof or being
necessary to be had, used or occupied :
n connection herewith and for such .
only No moneys shall at
ny time be withdrawn permanently
rom said fund except upon the war
ant OF the state auditor.
Sec. 9. For the purpose OF creating
fund, which said fund is hereby de-
igned as the state highway redemp-
ion fund. fourth bond issue, out of :
Jhich shall be paid the principal and
interest upon the bonds to be issued
nder and by virtue of the provisions :
this act there is hereby levied tax :
four-tenths of one mill 100000 up +
n each dollar in value of the taxable
roperty within the state, the same
, be known as the state highway tax,
nd the proceeds of the same are :
sreby appropriated and set aside until Z
lch time as the said Idaho state
ighway bonds, fourth issue, and all :
lterest which shall have accrued
'ereon are fully paid and redeemed. :
he moneys accruing from the source =
Dove mentioned, which are hereby :
verified, appropriated and set aside n
r the purpose above set forth, shall :
} by the state auditor and state treas
.er credited to and placed in tile said :
ate highway redemption fund. fourth
md issue, out of which fund the state :
easurer shall pay the interest upon d