The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1920-09-23

urer with me full par value thsreaf:
SEQ g. The state treasurer shhii
make and keep In his office register
OF all bonds issued under the provig
ms Of this act, which register shall
show all those things required to bel
shown BY the register thereof kept IN
the office of the state auditor aad
such other information with respect
thereto a.. the treasurer shall deem 1t
proper and necessary to record
SEC. z. When ready 70 make deiiy
cry Of same the state treasurer shall
sign each Of said bonds with his own
proper name and In mis- official car u
city as such state trea g:IrsR and each
OF the interest coupons attached here
to shall have the Autographed or
printed fac-simile signature of the
state treasurer, which signatures shall
bind the state Of idaho. The state
| treasurer shall make delivery Of the
bonds to the purchased thereof on be-
half Of the state Of Idaho and shsl
at the same time MAKO collection from
said purchaser Of the full amount OF
Il Tie VLlc6 WulCu LnG 1hfnG III oSAAs
SEC. 8. All moneys received from
the sale Of the Idaho state highway
bonds, fourth issue, shall b., paid into
the idaho state highway fund Such
moneys are hereby Appr l,i iarej and
veying and constructing OF 4 system Vt
IState highways IN the state of idaho,
including all bridges, converts. snd
grades and the parcdase OF rights Of
way forming part thereof Or being
necessary to be had, used OF occupied
In connection Herewith ard Tor sucn
purposes only. No moneys shall ct
any time be Withdrawal permanently
from said fund except upon the war
rant Of the state auditsf.
SEC. Q. Eor the purpose of Great
ing . fund, which said fund Ia hereby
designated ~ tie stata highway 10
demptfon fund, fourth bond issue, out
Of which shall be paid the principal
and interest," upon the bonds to be ~
sued under and By virtue Of the pro-
visions Of this act there - hereby
levied q tax OF four tenths Of one mill
i ($.O004) upon each dollar In value Of
the taxable pr6Derty within the state,
/ the came to be known - the state
highway tar, and the proceeds OF the
same are hereby Appropriated and set
aside until such time az 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 6ccruing from
the source above mentioned, which
are hereby diverted, appropriated and
ret aside for the purpose above set
~ k1&<~F <xks -
and state treasurer scredited to and
demption fund, fourth bond Issue, 0ut
pay the interest upon the Idaho stats
highway bonds, fourth issue, a. the
same shall become due and upon any
attached to said bonds become due be
pay so much Of the principal Of said
7 | after reaerving In said fund money!
, est upon those said bonds then out
standing which win accrue and be
I come due during and within the mex
! ensuing year.
SEC. 10 II at any time there ahal
not be sufficient moneys In the sal
4 state highway redemption fund, fourt
9 bond issue. to pay the interest upo
or principal OF the Idaho state higt
I way bonds. fourth issue. authorized b
this act, then due. the state treasure
shall pay the same out OF the genera
/ fund OF the state. The state treasure
: shall, however, as soon thereafter q
y sufficient moneys for that purpoe
4 have accrued to the said state higl
y way redemption fund, fourth bond Il
y sue, repay to the state general fund a
n amounts taken therefr0m under tn.
& provision and not previously repaid.
y SEC. H.. For the payment OF Il
n bonds authorized to be issued undo
81 and by the provisions Of this act an
y the interest which shall accrss Their
q on, according to the strict terms Their
n OF, the faith and credit Of the state ,
= Idaho Is soleranly pledged, and for Il
u payment Of such bonds and the int
n est thereon In lawful money of Il
4 United States of America as and whe
n the same shall become due the sta
n treasurer shall reserve any and 'suf1
cient of the money In his hands, at Il
U least possible cost, in preference to q
n other claims whatsoever, except the L
81 terest upon and the principal of 9TH
VI bonds Of the state of Idaho heretofol
II issued under acts Of the legislature
4 said state.
i SEC. IL. The state treasurer sha
q give two weeks notice by publicatis
= In two newspapers of general circul
ton, one Of which Is. published In Il
state Of Idaho, of the intention OF d
state 10 sell the bonds authorized
the provisions of this act, and shs
invite bids therefor. Said bonds mu
be sold at not less than the par val
thereof, upon the best terms offer