The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1920-08-19

VIII, accrue and become dine s,r,,.
anu Wv within the next ensuing yesr
no, ~. III at any time there shall
MOI oe sufficient moneys In M, 80
t'fl'e highway redemption fund fourth
ISSUE To pay the interest unon
vi principal OF the Idaho ststa high-
way bonds, fourth issue. authorized nv
Is ATT lhen due, the state treasurer
sr pay the same out of the general
"'u VI me state. The state treasurar
al al however, as soon thereafter as
uiil'leht moneys for that purpose
nave accrued To the said state high
va! redemption fund. fourth bond is
sue repay to the state general fund all
amounts taken therefrom under mi,
provision and not previously renaid
SEC IL. For the payment of rho
bonds authorized TO be issued under
and by the provisions of mis- act and
nv interest which shall accrue there
oli' accorulng TO the strict terms there
o. the Iaith and credit of the state of
luaho Is solemnly pledged, and for the
payment OF such bonds and the inter
est thereon i'll lawful money of the
united States of America as and when
the same shall become due the state
| treasurer shall reserve any and sniff
Gent of the money in his hands, at the
least possible cost, in preference to all
other claims whatsoever. except the in
terest upon and the principal of other
bonds OF the state of Idaho heretofore
issued under acts of the legislature of
said state.
SEQ. II. The state treasurer shall
give two weeks notice by publication
III TWO newspapers of general circula-
tlon, one of which is published in the
state OF Idaho, of the intention of the
| state to sell the bonds authorized by
the provisions of this act, aud 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 re,
ject any and all of the bids Offered
and may readvertise for bids, as here
in provided.
SEC. Ii. The expenses of printin,
or lithographing and procuring suit
able bonds with interest coupons at
tached, for the purpose of carryin,
out the provisions of this act, shall
be paid out OF the moneys arisin
from the sale thereof as an expens
: incident to the laying out, surveying
L and constructing of said system o
state highways.
SEC. IA. The said state highwa
! bonds, fourth issue, to be issued unde
! the provisions of this act, shall bea
date of January /, 1921, and becom
due January l, 1941. Both bonds an
/, interest coupons herein authorized [
be issued shall be payable at the o.
: flee of the state treasurer at Bois
! Idaho.
, SEC. 10. The department of publ
t works of the state of Idaho is heret
/, directed to apply the proceeds of til
> said Idaho state highway bonds, fourt
e issue, as follows, to wit:
|, To the completion or construction {
/ state roads or bridges in cooperate
: with counties and highway distric
Y of the state of Idaho or the feder
] government or both, in such amour
n as deemed proper by the departmer
0 The foregoing allotment is mat
/ contingent upon the availability of c
b operative funds to be supplied by cou
It ties, highway districts and the feder
z government, as provided by law,
n funds supplied by private donation
e received from any other source, a.
h should it appear to the satisfaction
= the department of public works at a
time subsequent to January l, 10.
that cooperative funds will not be ST
piled in the necessary amounts
make use of the entire amount here
appropriated, the department Of pl
lie works may use, at its discreet
any remainder for the construction
completion of such state highways
deemed by it fer the best interests
the state.
SEC 16. This act shall not ia
effect until at the next general ell
ton it shall have been submitted
the people and shall have received
majority of an the votes cast for
GALLEY FIVE Y
against it at such election.
The question to be submitted to
electors of the state at the next gen
al election m order to determ
whether they will approve or rel
this act, shall be as follows:
Shall a bond issue of 100000
authorized for the laying out, surv
ing and constructing Of state hi
ways?
SEC. II. The secretary Of state
directed to publish this act in
newspaper In each county, il one
published therein, throughout the st
for three months next preceding
next general election. The secret
: of state is directed to certify to
county auditors and the latter to pl
on the ballots at the next general
ection the foregoing question. The
turns on said question shall be col
ed, canvassed and certified in the m
ner provided by law for constitutio
amendments.
Approved March Ia, 1919.
Aug 19-Oct. %.