The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1920-08-26

staining which will accrue and no
come due during and within tho next
ensuing year
Sho. III. lf al any time there shall
NOT ne sufrlcient moneys in the said
state highway redemption fund, fourth
oohu issue, 10 pay the interest upon I
or principal Of the Idaho STATE hirh
way bonds, fourth issue. authorized bv
| TINS act then due. the state treasurer
snail pay the same out of the genera,
rund or the state. The state treasurer
Shall' however. as soon thereafter as
sufficient moneys for that purpose
nave accrued to the said state high |
Way redemption fund, fourth bond is |
sue, repay to the state general fund all |
amounts taken therefrom under this |
provision and not previously repaid
SEE. IL. For the payment of the |
bonds authorized to be issued under |
ana by the provisions of this act and |
the interest which shall accrue there |
on, according to the strict terms there
OF, the faith and credit of the state of
ldaho Is soler1nly pledged, and for the
payment OF such bonds and the inter
est thereon in lawful money OF the
United States OF America as and when
the same shall become due the state
cient OF the money in his hands, Mt 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
7 said state.
)i SEC IL. The state treasurer shall
! give two weeks notice by publication
! In two newspapers of general circula-
: ton, one OF which is published in the
I state of Idaho. of the intention Of the
}, state to sell the bonds authorized by
4 the provisions Of this act, and shall
I invite bids therefor. Said bonds must
g be sold at not less than the par value
d thereof upon the best terms offered
b and at the lowest rate Of interest
t named by any bidder. The state
Y treasurer shall have the right to re-
: ject any and all of the bids offered
rand may readvertise for bids, as here
/ in provided.
v SEC. 13. The expenses OF printing
y or lithographing and procuring suit
Il able bonds with interest coupons at
II tached, for the purpose Of carrying
= out the provisions Of this act, shall
= he paid out of the moneys arising
" from the sale thereof as an expense
Ii incident to the laying out, surveying
If and constructing of said system OF
e. state highways.
te SEC. Ia. The said state highway
10 bonds, fourth ISSUE to be issued under
ct the provisions Of this act, shall beal
A. date Of January 1, 1921, and become
g. due January 1, 1871. Both bonds ant
G. interest coupons herein authorized Il
e be issued shall be payable at the of
m flee Of the state treasurer at Boise
Oh Idaho.
~, ~, SEC. Is. The department of publ
of works Of the state Of Idaho Is hereb.
nd said Idaho state highway bonds, fourtl
No. issue, as follows, to wit:
MT To the completion or construction O
an state roads or bridges in cooperatio
tie with counties and highway district
no of the state of Idaho, or the fedora
NO government of both, in such amount
ms as deemed proper by the department
NO. The foregoing allotment is mad
leo contingent upon the availability Of q
ia operative funds to he supplied by coui
ev ties highway districts and the FEEDER,
VS. government, as provided by law,
- funds supplied by private donation {
received from any other source, ar
should it appear to the satisfaction
the department of public works at ar
time subsequent to January l, 1872
that cooperative funds will not be su
piled in the necessary amounts
make use of the entire amount here
appropriated, the department Of pu
lie works may use, at its discreti
any remainder for the construction
completion of such state highways
deemed by it for the best interests
the state
SEQ 10. 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 all the votes cast for
against it at such election.
The question to be submitted to
electors of the state at the next gen
al election in order TO determ
whether they will approve or rel
this act, shall be as follows:
Shall bond issue Of $2,000,000
authorized for the laying out, surv
ing and constructing of state hi
ways7
SEC. II. The secretary of state
directed to publish this act in
newspaper in each county, If one
published therein, throughout the st
for three months next proceeding
next general election. The secretary
state is directed to certify to
county auditors and the latter to p
on the ballots at the next general e
ton the foregoing question. The
turns on said question shall be co
ed, canvassed and certified in the n
ner provided by law FOR constitute
amendments.
Approved March IA, 1919.
Aug 19-Oct. %.