The Caldwell tribune., 1920-09-21
sTEEGTINNg !, SYSTEM % 2E ST sTATE T4s

IpAHO;. PROyIDIMG BY A TAX
hEyF ING FUND REBRHRT59NA F6R TH fAYMENF 1h s1NH 81
ANb AND TIE HAD 1NTEkEsT iHMHs II THEkEoN MAiSS As
EEEserRIAE1so EEE aAhE nnSAMns SIN ~ sMosSESs RSRs
SINGING ssGyNE dp EUND Rr,IS E1F pbny,PHB THE PHBB.
Of PThIiS wokks How = ! 70 AR:
szE sATr TaE oF sAib RRocBGRs RdNps qE anREHE EHF
All SS HE +4a Sk pH5SSS SHSHs
OF THE STATE.
Be T. enaStsa :, !; " the Legislature of the
seate seetfon o. i idfnH; FUr the purpose Of pro-
viding moneys to be used In paying
for portion Of the cost of laying out,
nS s fSs saSo
lied tc be negotiated upon the faith
ans Sec. sre9 Il %hs he stats s y Treasurer 1 is
rected to issue bonds Of the state In
ylsable aggregating the amount Of the
loan, authorized in section !. which
shall be as ..as iash9 stat
come due 20 years from the date Of
their issuance. Such bonds shall bear
ceS @ the rate raj : Of five peTcentam per an
num-. and such interest shall be paid In
equal semf-annual tnstallments upon
ass of jay Sny n saoS year ana saeS
stallments Of interest shall be EVIL
sseh 9y tsa ssa
maslasins u at s'is ether the the bend or the coS
frO% q % 30 Any
or all of said bonds may, at the pleas
ure of the state. be paid off and re
of issuance.
Sec. 3. The state treasurer shall
cause to be printed or lithographed
Interest coupons attached thereto for
the purpose Of carrying oup the pro-
Sec. 1. All bonds issued under and
by virtue Of the provisions OF this act
shall be signed by the governor Of the
Thsy .ha VI: signed SsaBsofs Bs ~
sey and o be
ssnsf ssass 81 iSase ssen the great seal OF 'A'
governor and the secretary of state
fore provided the said bonds shall B,
delivered to the state auditor who
shall make and keep in his office 8
! register fully and properly describins
In the ana
: in which bonds heretofore issued 8,
I the state of Idaho. are described ii
the ssase Hng m tse SO fsgs
. deliver the bonds to the state treasarsI
: the full par value thereof.
! ! Sec. g.: The state treasurer shal
Sa boaas esp ID anasr s a!Ss the essss
: of this act, which register shall shoy
Q all those things required to be show
d flee Of the state auditor and such otne
. Information with respect thereto a
Sec. Z. When ready to make deliv
cry of same the state treasurer shal
s prop proper " name % and % in his ~n official % oM ca
c pacity as such state treasurer an
- each of the interest coupons attache
printed facsimile signature of the stat
treasurer, which signatures shall bin
n the the state OF idaho: The state treasury
purchaser thereof on behalf Of the stat
Q. of Idaho and shall at the, same tin,
8, which the same are sold.
!e Sec. 8. All moneys received fro,
g the Idaho state highway fund. Sue
maas hereby fol
,r Of state highways in the state of fdaS
80 grades and the s; purchase 'of's Of Fights az
0. way forming a part thereof or bein
n. nece ssary to be had, used or occupie
In connection Herewith and for sue
Id purposes only No moneys shall at an
Of time be withdrawn permanently fro
said fund except upon the warrant I
the state auditor.
t. Sec. .. For the purpose of creatin
fund. which said fund is heret
at designated as the state highway r
oc demption fund. fourth bond issue. o,
of which shall be paid the princip
sued ander an9 ' By 'H virt%e us Of tG the oe pr
visions of this act there is herel
levied a tax of four-tenths of one m
, 0.0004) upon each dollar in value
the taxable property within the stat
~ the same to be known as the sta
IL highway tax, and the proceeds of I
IL aside until such time as the said Ida
" state highway bonds, fourth issue. a
Y all interest which shall have accru
NJ thereon are fullv maid and rad aau