Pocahontas star herald., 1927-03-17
Acr NO. II

THE EXTRAORDINARY SESSlON
OF THE FoRTY-FoURTH GEN.
ERAL ASSEMBLY OF THE STATE
OF ARKANSAS, APPROVED oCTo'
BER 10th, 1923"
Be II Enacted BY The General As.
sembly Of the State Of Arkansas;
Section /. IL is hereby declared 10
be the policy of the State to take
over, construct, repair, maintain and
control all the public roads in the
state comprising the State Highways
as defined herein.
Section 2. Sections 21, %. 23, "a, 20,
26. 27, 2S. 20 and 32 of Act No. s of
the Extraordinary Session of the For
ty-Fourth General Assembly of the
state of Arkansas, approved October
10th. 1928, with all amendments there
OF, are hereby repealed.
Section 3. The Commission shall,
as soon as possible, ascertain the
amount OF the outstanding valid
bonds issued by road Improvement
districts in this State, the dates OF
the maturities thereof, and the annual
interest due thereon, and II shall be
the duty of the Circuit Clerk of each
County to furnish the Commission
with such information. The Commits
sion shall each year, beginning with
the year 1927, allot to each road dis.
irict in the State nav having out.
standing bond issues an amount equal
to its bonds maturing during the year,
together with the interest payable by
such districts during the year, plus
n paying charge of one-eighth of one
per cent of bonds to be paid and one.
fourth OF one per cent OF interest to
be paid, and shall certify to the State
Auditor the amount allotted to each
road district. The Auditor shall issue
warrants for such amounts on the
State Highway fund, and procure st.
Louis, Chicago or New York Ex.
change for said amounts payable to
the order of the Bank or Trust Com.
pany named as payee in the pledge or
mortgage of the road district, and II
more tina none Bank or Trust Com
pany be named as payee, then to one
OF the named payees. Such warrants
shall state in the face of the warrant
that II is for Exchange payable to
or Trust Com
pany for the account Of the particular
road district. Said Exchange shall be
mailed in all cases to the payee at
least ten days before maturity or pay.
ment date of bonds or interest.
In case the appropriation Of six and
half million dollars allotted to road
improvement districts is insufficient
to pay in full the maturing bonds and
interest for the year, the Commits.
sion shall allot to each district its
pro rata of such appropriation.
On or before September 1st in each
year, the Commission shall certify TO
, each road district the amount appor-
toned to Il for the fiscal year, and
the Commissioners for each district
shall reduce the road tax against each
tract Of land in the district pro rata
In an aggregate amount equal to tho
contribution maue from the state
Highway fund
All roads of the road districts re-
ferred to In this section are hereby
taken over by the State, but only such
portions Of said roads which are now
or may hereafter be embraced in the
State Highway System shall be main.
iained by the State.
Section 4. 1t shall be the duty of
the commission to construct the
roads in the State Highway System
which are not now constructed. the
work OF construction to he pushed as
rapidly as funds are available for
that purpose. The commission shall
begin the work OF construction in
those counties in which the roads em
braced In the State Highway System
have not been constructed by I'M
provement districts, or in which only
small portion OF such roads have
been so constructed, and shall con
tinue construction work in such coun
ties until the completed roads IN
each county in the State have been
brought to a parity. after which con
struction work shall be distributed
throughout the counties so as to main
tain the parity as far as practical.
Section 5. To hasten the compile
tion of the State Highway System as
rapidly as possible, the commission
shall for each Of the years 1927, 1928
1929 and 1890, allot for new construe
tion a sum equal to twice the aggre
gate amounts allotted to road dis
tricts; and for each year thereafter
until the road system of the State Is
brought to parity, shall allot as q
minimum a sum at lesat equal to the
aggregate amount allotted to roa,
districts. To provide the funds L
meet this requirement, the State shal
borrow each year whatever amoun
may be necessary, in addition to tho
money derived from automobile lie
enses and fees, gasoline and motor
oil taxes, and from Federal Aid, on