Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1920-10-01

form with interest coupons attach
ed there to FOR the purpose Of car
ryins out the provisions OK this act.
SEC. a. All bonds issued under
and by virtue OF the provisions or
this act shall DO signed BY the gov
error OF the state of Idaho with his
own proper name and i'm his official
capacity. They shall likewise be siga-
ed by the secretary OF state In his
official capacity and be authentfca-
ted by having attached 10 each the
great seal OF the state OF Idaho.
SEC. 5. After being signed by
the governor and the secretary OF
state and being authenticated a.
hereinbefore provided the said bonds
shall be delivered to the state audit
70 who shall make and keep in his OF
lice register fully and properly do
cribing each bond and the interest
coupons attached thereto IN the man
ner and form in which bonds hereto
toro issued by the state OF Idaho are
described ia the registers thereof
kept in the office of the state audit
or. Having SO registered the same,
tho state auditor shall deliver the
bonds TO the state treasurer and
snail charge the treasurer with tho
full par value thereof.
SEC. s. The state treasurer
shall make and keep in his office q
register OF all bonds issued under
the provisions OF this act. which re-
gister shall show all those things re-
quired to BIO 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 1t proper and necessary to
record.
( SEC. Z. When ready to mako
delivery OF same the state treasurer
shall sign each OF said bonds with hfs
own proper name and his official
capacity as such state treasurer and
each OF tho interest coupons attach
cd thereto shall have the Autograph
ed or printed facsimile signature OF
The state treasure. which signatures
shall bind the state OF Idaho. The
state treasurer shall make delivery
Of the bonds to the purchaser there
OF on behalf OF the state OF Idaho
and shall at the same time make
collection from said purchaser OF the
full amount OF the price for which
tho same arc sold.
SEC. s. All moneys received
from the sale OF the Idaho state high
way bonds, fourth issue. shall be
paid into tho Idaho state highway
fund. Such moneys are hereby APP
propriated and made available for
the laying out, surveying and con
strueting OF q system of state high
ways in the state Of Idaho, includ-
ing all bridges, culyerta and grades
and the purchase OF rights or way
forming a part thereof or being ne
. | qnaaa " n N had 4earR
In connection Herewith and for such
purposes only. No moneys shall at
any time be withdrawn permanently
from said fund except upon war
rant OF tho state auditor.
SEC. o. For tho purpose OF
creating a fund, which said fund Ii
hereby designated as the state high
way redemption 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 Il
hereby levied a tax OF four-tenths
Of one mill 100000 upon each dol.
lar in value OF the taxable property
within tbs state, tho Same 10 bC
known as the state highway tax, and
he proceeds of the same are here
BY appropriated aud set aside until
such tina as tho said Idaho state
highway bonds, fourth issue, and all
interest which shall have accrued
thereon ara fully paid and redeemed
Tho moneys accruing from the
source above mentioned, which are
hereby diverted, appropriated and
set aside Tor the purpose above sol
forth, shall DO by the state auditor
and state treasurer credited TO and
placed in tho said state highway
redemption fund, fourth bond issue
out Of which fund the state treas