The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1920-10-14

Suu oelhg authenticated M h.-,..
III Pi"' iued The said bonds sb,ls :,
ueIVereu TO the state audi,.1- -,
sun make and keep In his ofr,.' l"
REGISTER tully aud properlv d ascr,h,. .
ea'h bpnd and The Interest," 49,, -, '"ii !
Iached thereto IN tho r,a,,t-.s at,
hy a., :" winch bonds heretofore ISSUED
an' STALE OF Idaho are de.or,hSd
~" IesiSters thereof kept in tho -
', 49, " the state auditor Having On Va
sts'vreu me same, the state snd,,or
.n"'l ueilVer the bonds To tho 80
aieasurer ana shall charge tho trsaa
uIer win the fun par valuo tbsraNS
SEC- u. The state treasurer I'M
i'i'iA,' ana keep in his office n rag's,n -
- an honds issued under the nroria
~ u inns act, which register shah
NnoM an those things required ~ h..
@no"H y! the register thereof kerr n,
'ue olllce OF the state auditor md
H'icl other Information with ra.na1..
hereto as the treasurer Sh1u lean, -
proper and necessary TO re.,,rd
SEC. Z. When ready to u,nl.a dau,
cry Of same the state .raaSnror w" Wv,
7n eacn Oh SAID bonds with his cwn
proper name and in ais official earn.
clty as such state trely3rs AMI nsch
VI tne interest coupons attA.hrd hero
" shah nave the ithDgraphed or
printed facsimile signature ot tho
SUITE treasurer, Which signature, shall
oind the state Of Idaho. rLc state
treasurer shall make delivery ~ tho
ponds to the purchase, thereof an ha-
nan OF the state Of Idaho and shsn
at the same time max, coilcCtlon from
saIu purchaser OF the fun amount az
tue price for which the same mr., sold
SEC; D. All moneys received from
the sale of the Idaho state highway
ponds, fourth issue, Shall bh paid INTO
the Idaho state highway fund Such
moneys are hereby apr ptateJ and
'haue available Tor the laying ont. sur
veylhg ana constructing OF IL system of
state highways in the state OF Idaho.
including all bridges, culyerts, ind
grades and the purchase. OF rights of
way FORMING part thereof or beng
necessary to be had, used or occupied
IN connection therewith ard for SUCH
purposes only. No moneys snu,l at
any time be Withdrawal pcrmanen,lv
from said fund except upon the war
rant OF the state auditor
SEC. 8. For the purpose OF cre.,.
ing fund, which said fund ia haretv
designated as the state highway m.
demption fund, fourth bond issue. ont
OF which shall be paid the principal
and interest upon the bonds to he a..
sued under and by virtue of the BRO
visions OF this act there Is hereby
levied a tax Of four-tenths of one mill
($.OOO4) upon each dollar In value of
the taxable property within the state.
the same to be known as the state
highway tax, and the proceeds of the
same are hereby appropriated and set
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
are hereby diverted, appropriated and
set aside for the purpose above set
forth, shall be by the state auditor
and state treasurer credited to and
placed in the said state highway re-
demptiOn fund, fourth bond issue, out
Of which fund the state treasurer shall
pay the interest upon the Idaho state
highway bonds, fourth issue, as the
anne shall become due and upon any
ay upon which the interest coupons