Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1920-10-12


terest coupons attached thereto for the
purpose OF carrying out the provisions
Of this act.
Sec. 4. All bonds issued under and
by virtue of the provisions of this act
shall be signed by the governor the
state Of Idaho with his own proper
name and in his official capacity They
shall likewise be signed by the secre-
tary Of state in his official capacity and
be authenticated by having attached to
each the great seal of the state of Id
aho.
Sec. 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
attached 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 reg
istered the same, the state auditor
shall deliver the bonds to the state
treasurer and shall charge the treas
urer with the full par value thereof.
Sec. G. 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 capac-
ity as such state treasurer and each of
the interest coupons attached thereto
shall have the Autographed or printed
facsimile signature of the state treas
urer, which signatures shall bind the
state of Idaho. The state treasurer
shall make delivery of the bonds to
the purchaser thereof on behalf of the
state of Idaho and shall at the same
time make collection from said pur-
chaser of the full amount of the price
for which the same are sold.
Sec. s. All moneys received from
NAC oclAG VI lily 1AleiuO hldlO NIB
bonds, fourth issue, shall be paid into
the Idaho state highway fund. Such
moneys are hereby appropriated and
made available for the laying out, sur
veying and constructing of a system
of state highways in the state of Idaho
including all bridges, culverts and
grades and the purchase of rights of
way forming a part thereof or being
necessary to be had, used or occupied
in connection Herewith and for such
purposes only. No moneys shall at
any time be with withdrawn perma-
nently from said fund except upon the
warrant of the state auditor.
Sec. 8. For the purpose of creating
fund, which said fund is hereby des-
ignated as the state highway redemp-
ton fund, fourth bond issue, out of
which shall be paid the principal and
interest upon the bonds to be issued
under and by virtue of the provisions
Of this act there is hereby levied tax
of four-tenths of one mill 100000 up
on each dollar in value of the taxable
property within the state, the same to
be known as the state highway tax,
and the proceeds of the same are here
by appropriated and set aside until
such time as the said Idaho state high
way bonds, fourth issue, and all in
] terest which shall have accrued there
on are fully paid and redeemed. The
moneys accruing from the source
above mentioned, which are hereby di-
verified, appropriated and set aside for
the purpose above set forth, shall be
by the state auditor and state treasur-
L., IN ond n1onad in the said
state highway redemption fund, fourth
bond issue, out of which fund the state
treasurer shall pay the interest upon
the Idaho state highway bonds, fourth
issue, as the same shall become due
and upon any day upon which the in
terest coupons attached to said bonds
become due, beginning January 1, 1881
he shall also pay so much of the prin-
cipal of said bonds as it may be posi-
BILE to pay after reserving in said fund
moneys sufficient in amount to pay
the interest upon those said bonds
then outstanding which shall accrue
and become due during and within the
next ensuing year.
Sec. 10. If at any time there shall
not be sufficient moneys in the said
state highway redemption fund, fourth
bond issue, to pay the interest upon OF
principal of the Idaho state highway
bonds, fourth issue, authorized by this
act, then due, the state treasurer shall
pay the same out of the general fund
of the state. The state treasurer
SHALL however, as soon thereafter as
sufficient moneys for that purpose have
accrued to the said state highway re-
demption fund, fourth bond issue, re.
pay to the state general fund al
amounts taken therefrom under this
provision and not previously repaid.
Sec. H. For the payment of The
bonds authorized to be issued under
and by the provisions of this act ant
the interest which shall accrue Thereon
according to the strict terms thereof
the faith and credit of the state of Id
aho is solemnly pledged, and for thu
payment of such bonds and the inter
est thereon in lawful money Of thu
United States of America as and wheI
the same shall become due the stat
treasurer shall reserve any and suffic
lent of the money in his hands, at thu
least possible cost, in preference tt