Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1920-10-15
CHAPTER 1913
IL. 2. No 27+l
An ACT

iTE SUM " eErulOsINyF ~ nOF
RATING THE PROCEEDS OF TIL
SAME THEREOF FOR THE PAY
mENT OF A PORTION OF THE
COST OF LAYING OUT, SURVEY
ING AND CONSTRUCTING A SYS
TEN OF STATE HIGHWAYS IN
THE STATE OF IDAHO; PRoVlD
ING BY A TAX LEVY A REDEMP.
TON OR SINKING FUND FOF
THE PAYMENT OF THE SAFE
AT MATURITY AND THE INTER
EST THEREON AS THE SAME
BECOMES DUsj APPRoPRIATINc
THE MONEYS WHICH SHALL
ACCRUE TO SUCH SINKING
FUND FOR THE PURPOSE FOR
WHICH PROVIDED; DIRECTING
THE DEPARTMENT OF PUBLIC
WORKS HOW TO APPLY THE
PROCEEDS OF THE SALE OF
SAID BONDS HEREBY AUTHOR
IZED: AND PROVIDING FOR THE
APPROVAL OR REJECTION
HEREOF BY THE PEOPLE OF
THE STATE.
/ Be it enacted by the Legislature Of the
State Of Idaho:
SEC. 1. For the purpose Of pro-
viding moneys to be used in paying
for o portion Of the cost IN laying out.
surveying and constructing a system
Of state highways in the state Of Idaho
loan Of 100000 is hereby author
lied to be negotiated upon the faith
and credit Of the state Of Idaho
SEC. ?. The State Treasurer is /
hereby authorized, empowered and d. /
rected TO issue bonds Of the state in /
such denominations as he deems advis-
able, aggregating the amount Of the
loan authorized in Section /. which
shall be known as Idaho State high
way bonds. fourth issue, and shall be-
come due % years from the date Of
their issuance. Such bonds shall bear
interest at the rate which shall not
exceed the rate Of per centum per
7nnun. and such interest shall be paid
In equal semi-annual installments upon
the 1st day Of January and the first
lay Of July in each year. Such INSTALL ,
nents Of interest shall be evil :
fenced by 20 interest coupons attach
d to each bond in such manner that .
hey may he detached and removed
Without mutilating either the bond or
he coupons themselves and be num-
erred consecutively from 1 to 40 in a.
'usive. Any or all of said bonds may.
t the pleasure Of the state, be paid off -
nd redeemed after ten years from the =
ate Of issuance. :,
SEC. 3. The state treasurer shall -
luse to he printed or Autographed ~
litable bonds in proper form with ,,
-terest coupons attached thereto for -
he purpose Of carrying out the pro- =,
sions Of this act. g l
SEC. 4. All bonds issued under :.
ID by virtue of the provisions Of this u, III
It shall be signed by the Governor of Is
e state Of Idaho with his own proper VI
me and in his official capacity. They
al likewise be signed by the sec ~,
tary Of state in his official capacitv VI
d be authenticated by having attach =.
to each the great seal of the state 'S'
Idaho.
SEC. ;. After being signed by the -
vernon and the secretary of state
d being authenticated as hereinbefore u
divided the said bonds shall be -
livered to the state auditor who shall 90
Ike and keep in his office a register
lly and properly describing each ~
nd and the interest coupons attach .i
thereto in the manner and form in -
ich bonds heretofore issued by the - -
te of Idho are described in the reg ~
ers thereof kept in the office OF the
re auditor. Having so rsei.-ersd ~
same, the state auditor shall de- u
II the bonds to the state trsasurer ~. ny
shall charge the treasurer with 10.
full par aiue thereof pHe
SEC. 6. The state treasurer shall an
1e and keep in his office n register yror
III bonds issued under the provisions rem,
this act which register shall show con,
those things required 70 be shown doc,
the register thereof kept in the tbe
&c OF the state auditor and such
r information with respect thereto effa>
he treasurer shall deem it proper tion
necessary to record. neor
SEC. Z. When ready 10 make de- iorit
y OF same the state treasurer shall agai
each of said bonds with his own
er name and in his official capa- the
as such state treasurer and each gene
e interest coupons attached there whet
all have the Autographed or print this
facsimile signature of the state s
urer which signatures shall bind autht
tate of Idaho The state trea surer and
make delivery of the bonds to Sc
thereof on behalf Of the is di
Of Idaho and shall at the time news
collection from said purchaser publi
Re Iun amount Of the price for for {
the same are sold. next
&c. 8. All moneys. received from, OF ST
sale of the Idaho State TTiphvaI count
s Fourth Issue, shall be paid into on Il
iaho State Highway Fund. Such electi
Us are hereby appropriated and return
available for the laying out. sur ed, {
and constructing Of a system mann
te highways in the state Of Idaho tuition
ling all bridges. culverts and
s and purchase of rights-of-wav ago.
1g a part thereof or being nee
to be had, used or occupied in
ction Herewith and for such pur-
only. No moneys shall at anv
be withdrawn perma nentlv from
und except upon warrant OF the
auditor.
&c. 9. For the purpose of Great
frh Il