Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1920-10-01

become due beginning January 1. 1881
he shall also pay so much OF the prin
Z cipal OF said bonds as II may be poss
Y ible to pay after reserving in said fune
: moneys sufficient In amount to pay tn,
Z interest upon those bonds then out
standing which will accrue and becom-
: due during and within the next ensuing
: year.
I SEC. 10. II at any time there shall
not be sufficient moneys in the said
state highway redemption fund, fourth
bond issue to pay the interest upon or
, principal of the 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. how
; ever as soon as sufficient moneys for
that purpose have accrued to the said
state highway redemption fund, 70 Irsh
bond issue, repay to the state general
fund all amounts therefrom under this
provision and not previously repaid.
SEC. IL. For the payment Of The
| bonds authorized to be issued Under
and by the provisions of this art and
the interest which shall accrue thereon,
according to the strict terms theI eof,
/
Idaho Is soIemnly pledged, and for The
paymen Of such bonds and the interest
thereon in lawful money of the United
States of America as and when the
same shall become due the state treas
ured shall reserve any and sufficient
of the money in bis hands, at the least
possit lie cost, in preference to MI ether |
claims whatsoever. except the interest !
upon and the principal of other bonds |
of the state of Idaho heretofore issued |
under act of the legislature of said I
state.
SEC. II. The state treasurer shall
give two weeks notice by publication
in two newspapers of general circu-
lation, 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. and shall
invite bids therefore Said bonds muss
be sold at not less than the par value
thereof, upon the best terms offered
and the lowest rate of interest named
by any bidder. The state treasurer ,
shall have the right TO reject any and ,
All OF the bids offered and may re- :
ADVERTISE for bids, as herein provided >
SEC. ID The expenses of printing :
- hPii&ilS dUu procuring suit l.
lble bonds with interest coupons at =
ached. for the purpose of CARVING =.
tut the provisions of this act, shall be
'aid out of the moneys arising from the '
ale thereof as an expense incident TO
he laying out. surveying and construct {,
ng OF said system Of state highways. =
SEC. IA. The said state highway +
onds, fourth issue. to be issued under y =
he provisions of this act, shall bear q
ate of January 1, 1891, and become K
ne January 1, 1871. Both bonds and a
lterest coupons herein authorized to Ia
issued shall be payable at the office e
the state treasurer at Boise, Idaho. ~
SEC. IS. The department of public n
orks of the state of Idaho Is hereby 1t
rected to apply the proceeds of the &C
I'D Idaho state highway bonds. fourth ~
sue as follows. towit &C
To the completion or construction es
state roads or bridges in cooperation Z;
TN counties and highway districts de
the state of Idaho or the federal IL
'vernment or both. in such amounts w
deemed proper by the department. m
The foregoing allotment Is made M
ntngent upon the availability of CO.
eratfve funds to be supplied by coun- tt
3, highway districts and the federal
vernment, as provided by law. or To
ads supplied by private donation or
;elved from any other source, and pla
ould it appear to the satisfaction the
the department of public works at cia
time subsequent to January I, 1929 ant
4 cooperative funds Will not be SUD- abe
ed in the necessary amounts 10 her
Ike use OF the entire amount herein the
'roprfated. the department of public of
rks may use at its discretion any ser
nainder for the construction or and
npletfon of such state highways a, VIII,
med BY ii for the best interests of tina
state saie
SEC. is. This act shall not take spe.
'ct until at the next general cleo mei
1t shall have been submitted to the con-
pie and shall have received ma
W OF all the votes cast for or title
inst it at such election. TIVE
The question to be submitted TO iage
electors Of the state at the next
eral election in order to detrmine "a id
ther they will approve or reject Sept
act, shall be as follows: fs
snail bond issue of $4,000. ooa he
lorized for the laying out. surveying
constructing OF state highways?
sc. II. The Sesertery of the state
--ooeu 10 Pupiish this act IN one Alto
spaper In each county, II one be Heis
ished therein. throughout the state Tres
three months next preceding the
general election. The secretary ALI,
tate Is directed to certify to the
ny auditors and the latter to print
the ballots at the next general OF
Ion the foregoing question. The Stat,
ms on said question shall be count Of l.
80, aanv a. and certified in the JoHl
nal amendments.
70. approved March H. 1919. JoHl
n,,.rn - Tn