Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1920-10-22


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 1t may be poss-
' ible to pay after reserving in said fund
= moneys sufficient in amount to pay the
: interest upon those bonds then out
standing which will accrue and becom-
: 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 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 shan. how
ever as soon as sufficient moneys for
that purpose have accrued to tue said
state highway redemption fund TO IT h
bond issue, repay to the state general
fund sll amounts therefrom under this
provision and not previously repaid.
SEC. II. For the payment Of the
| tonds authorized to be issued Under
and by the provisions of this act and
I Il.
according to the strict terms thel eof.
the faith and credit of the state of
Idaho Is solemnly pledged, and for tie
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 !
or the money In his hands, at the least !
possif le cost, In preference to AL "ther
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
state
SEC. ~. 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 mus
be sold at not less than the par value r
hereof upon the best terms offered /,
ind the lowest rate of interest named =
~ any bidder. The state trea surer
hall have the right to reject any and
III of the bids offered and may re-
dvertise for bids. as herein provided
SEC. 10. The expenses of printing b
r iithographing and procuring suit
Bile bonds with interest coupons at
ached, for the purpose of CARRYING
ut the provisions of this act, shall be
AID out of the moneys arising from the
ale thereof as an expense incident TO
ne laying out, surveying and construct
ig or said system of state highways. OF
SEC. IA. The said state highway "
onds, fourth issue, to be issued under
he provisions of this act, shall bear
ate of January 1, 1921, and become
ne January l, 1871. Both bonds and !.
terest coupons herein authorized to ~
issued shall be payable at the office
the state treasurer at Boise. Idaho.
SEC. Is. The department of public
orks of the state of Idaho is hereby
rected to apply the proceeds of the an
id Idaho state highway bonds. fourth
sue, as follows, towit VI
To the completion or construction
state roads or bridges in coopera ton
tn counties and highway districts COZ
the state of Idaho or the federal alb
vernment or both. in such amounts a
deemed proper by the department
The foregoing allotment is made
ltingent upon the availability Of CO. No
erative funds to be supplied by coun- al
$. highway districts and the federal
as provided nv laU - con
IDS supplied by private donation or
eived from any other source. and
'uld It appear to the satisfaction
the department of public works NJ
? time subsequent to January /. 1929
I cooperative funds will not be sun
I'd in the necessary amounts 70
Ike use of the entire amount herein
'ropriated, the department of public
rks may use at its discretion anv
1alnder for the construction or -
APPLETON of such state highways as
med by it for the best interests of
state.
SEC. IS. This act shall not take
ct until at the next general cleo
! 1t shall have been submitted to the
pie and shall have received a ma
ty of all the votes cast for or
inst it at such election.
The question to be submitted TO 4
electors of the state at the next
aral election in order to detrmine
ther they will approve or reject
act, shall be as follows:
Shall bond issue of $4,000 600 he
lorlzed for the laying out, surveying
constructing of state highways?
&c. II. The Sescrtary of the state
irected TO publish this act in one
spaper In each county, if one be
lshed therein, throughout the state
three months next preceding the
general election. The secretary
tate is directed to certify to the
ty auditors and the latter to print
The ballots at the next general
Ion the foregoing question. The
ms on said question shall be count
and certified in the
Ter provided by law for consti-
lal amendments.
80 Approved March Il. 1919.