The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1920-08-19

onu and the interest counons -.
N thereto In the manner ana ,e1acn-
wnich bonds heretofore issnad ~. In
slaue OF Idaho are described IN ,p inc
isoers thereof kept in the cffica y, reg
s1ate auditor. Having so registo. " "a. .ne
same' the state auditor shall Soi,' eiie
the ponds to the state traas,, ueiiVer
shan charge the Treasures ~, ana
iull par value thereof WIN the
SEC. 8. The state traosr
MAKE ana Keep in his office n r,,,ia.nH
"a al ponds issued under the nrar 80
l1ns Oh this act which register Shan
snow all those things reouired 10 49,
sno"ii ny the register thereof kant 4,
'ne Office OF tie state auditor "a
sucn other information with ro,,1a"t
.neIe.o as the treasurer shall Doom q
riCPvi anu necessary to record
oHS. l. Nnen ready to mako dali,.
cry ol same the state treasurer shan
sign each OF said bonds with his o,,,,
proper name ard in his official oo,a
city as such state treasurer ana 20,
OF the interest coupons attached IT,
70 snail nave the Autographed or
printed facsimile signature of the STATE
.,easurer' which signatures shall hind
me state OF Idaho. The state treasure
shali make delivery of the bonds to tha
purchaser thereof on behalf Of tbe
state OF Idaho and shall at the same
time make collection from said mr.
CHASER of the full amount of the nrico
lor winch the same are sold
SEQ. :. All moneys received from
the sale OF the Idaho state highway
ponds, fourth issue, shall be paid into
the Idaho state highway fund Sucb
moneys are hereby appropriated and
made available for the laying ont sur
yeylng 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
Ill connection Herewith and for such
purposes only. No moneys shall al
any time be withdrawn permanently
from said fund except upon the war
rant Of the state auditor.
SEC. 9. For the purpose of Great
ing a fund, which said fund is hereb,
designated as the state highway re
| demption fund, fourth bond issue, ou
of which shall be paid the principa
and interest upon the bonds to be is
sued under and by virtue of the pro
| visions of this act there is hereby
levied tax Of fOur-tenths of one mil
($.OO04) upon each dollar in value O
the taxable property within the state
the same to be known as the stat
highway tax, and the proceeds of tn
same are hereby appropriated and Sc
aside until such time as the said Ida
no state highway bonds, fourth issue
and all interest which shall have &C
crued thereon are fully paid and re
deemed. The moneys accruing from
the source above mentioned, which ar
hereby diverted, appropriated and sc
aside for the purpose above set forth
/. shall be by the state auditor and stat
. treasurer credited to and placed in tn
said state highway redemption funC
fourth bond issue, out of which fun
the state treasurer shall pay the inter
| est upon the Idaho state highwa
bonds, fourth issue, as the same sha
become due and upon any day upo
! which the interest coupons attached t
said bonds become due beginning jar
uary /, 1881. he shall also pay so niue
of the principal of said bonds as
may be possible to pay after reservin
In said fund moneys sufficient
amount to pay the interest upon thos
! said bonds then outstanding whiC