Supplement to Public Land Laws 37 



capitol building fund in an amount not exceeding four million 

 dollars. Such bonds shall bear interest at a rate not to exceed 

 five per cent, per annum. Such bonds may be sold in such man- 

 ner and in such amounts and at such times as the state capitol 

 commission shall determine, at the best price obtainable, but 

 not for a sum so low as to make the net interest return to the 

 purchaser exceed five per cent, per annum, as computed by 

 standard tables, upon such sum, or such commission may ex- 

 change any of such bonds at par for capitol building warrants. 

 The state capitol commission may allow a brokerage commission 

 of not to exceed one-fourth of one per cent, on the bonds issued, 

 said commission to be paid from the proceeds of the sale of such 

 bonds. None of the proceeds from the sale of such bonds shall 

 be used for erecting new buildings other than the Temple of 

 Justice until after the warrants outstanding against the capitol 

 building fund have been paid or moneys with which to pay the 

 same are available and the funds provided and contract let for 

 the completion of the Temple of Justice. 



SEC. 2. Bonds issued under the provisions of this act shall 

 be in such denominations, and shall be payable in such manner 

 and at such place or places and time or times, not longer than 

 twenty years from their date, as shall be fixed by the state capi- 

 tol commission, and the interest thereon shall be payable semi- 

 annually at such place or places, and shall contain such option 

 to redeem, if any, as the commission shall prescribe. The com- 

 mission may agree and so provide in the bonds that the total 

 amount of bonds issued under the provisions of this act shall 

 not exceed a designated sum until such bonds shall have been 

 paid, but in no event shall such sum be less than two million 

 five hundred thousand dollars. Such bonds shall be signed by 

 the Governor and State Auditor under the seal of the state, and 

 any coupons attached to such bonds shall be signed by the same 

 officers whose signatures thereupon may be in facsimile. Any 

 bonds may be registered in the name of the holder on presenta- 

 tion to the State Treasurer, or at the fiscal agency of the State 

 of Washington in New York, as to principal alone, or as to 



