HIGHWAY BONDS. 



35 



Table 21. — Complete list of State highvjay bonds — Continued. 



State. 



Year. 



Amount (by years). 



Rate 

 (per 

 cent). 



Term 



(years). 



How redeemed. 



Voted. 



Issued. 



Massachusetts 



1907 

 1908 

 1909. 



1910 



1911 



1912 

 1913 



$2,500,000 



$360,000 

 495,000 

 380,000 



285,000 



310,000 



435,000 

 1,110,000 



3i 

 3 and 3J 



3J 



3J 



3* 

 3J 



30 



30 



10-30 



10-30 



10-30 



10-30 



$12,000 annually. 

 816,500 annually. 







$220,000 deferred serial, 1920- 







1939 

 $180,000 deferred serial, 1920- 







1939. 

 S200.000 deferred serial, 1921- 





5,000,000 

 i 115,000 



1940. 

 All but $175,000 deferred serial. 

 Serial. 









Total 



14,365,000 



8,450,000 







1909 

 1910 

 1911 

 1912 

 1913 











2 1,000,000 









250,000 



250,000 



250,000 



* 250, 000 



3 and 3i 



3i 



3| 



' 3J 





Deferred serial, 1914-1917. 









Deferred serial, 1917-1921. 









Deferred serial, 1921-1924. 





3 300, 000 











Total 



1,300,000 



1,000,000 







1912 



4 









500,000 















Total 



500,000 



( c ) 







1906 

 1907 

 190S 

 1909 

 1910 

 1911 

 1912 



1913 











< 50,000.000 





Sinking fund. 









1,000,000 

 5,000,000 

 5,000,000 

 5,000,000 

 10,000,000 

 8,000,000 

 [16,000,000 

 \ 5,000,000 



3 



4 



4 



4 



4 



4 



44 



4J 



50 

 50 

 50 

 50 

 50 

 50 

 50 

 50 



Do. 







Do. 







Do. 







Do. 







Do. 





s 50,000,000 



Do. 



) Dated Sept. 1, 1913; sold Jan. 

 / 14, 1914. 







Total 



100,000,000 



55,000,000 







1906 

 1909 

 1912 



3 

 34 



4 



30 

 30 

 30 





Rhode Island 



9 600,000 



600, 000 



10 600,000 





Sinking fund. 







Do. 







Do. 









Total 



1,800,000 



1,800,000 







1911 



4 



23 





Utah 



"260,000 





Deferred serial, 1922-1934. 









Total 



260,000 



260,000 







1911 



4 



12 





Washington 12 



190,000 



125,000 



Paid from State highway fund. 



Total 



190,000 



125,000 















Totals 



158,590,000 



88,476,000 















1 Massachusetts. — Authorized for special State roads by legislature, 1913. 



2 New Hampshire. — Not to exceed $250,000 to be issued in any one year, and the proceeds to be used 

 exclusively for State aid in the construction of the three trunk lines to be designated by the governor and 

 council from the Massachusetts State line in a northerly direction. 



3 To be used for State aid in constructing trunk-line highway to be designated by the governor and 

 council. 



< Not sold Dec. 1, 1913. 



5 New Mexico.— These bonds shall be in denominations of $1,000, numbered 1 to 500, the first 20 of which 

 shall be payable on Jan. 1, 1919, and 20 of said bonds, in consecutive numerical order, shall be due and 

 payable on July 1 annually thereafter until and including July 1, 1942. The proceeds are to be expended 

 for the construction and maintenance of a system of State highways. 



s Bonds not sold Dec. 31, 1913. 



7 New York. — These bonds were to be issued in two classes, to be known as A and B. Class A is coupon 

 or registered, and redeemable from a State sinking fund, while Class B bonds were to be registered and 

 redeemable from a redemption fund provided by the counties and towns wherein the proceeds thereof 

 should be applied to the improvement of highways. 



8 The act of the legislature authorizing this issue of bonds was ratified and rendered operative by vote 

 of the people at the general election, November, 1912. Of the proceeds. $20,000,000 shall be devoted to 

 State highways, to be built at sole cost of the State, and $30,000,000 to county highways, to be built at joint 

 expense of State and county. 



9 Rhode Island.— $200,000 to be issued before Jan. 1, 1907, and the balance on or before Jan. 1, 1908; the 

 proceeds to be used in building a system of State roads under the direction of the State board of public 

 roads. 



10 To be used for construction, reconstruction, and maintenance. 



11 Utah. — The proceeds to be divided equally among the counties of the State, exclusive of Salt Lake 

 County, to be used in the construction and maintenance of State roads and bridges therein. Bonds 

 dated July 1.1911. 



i 2 Washington.— For purchase of bridge across the Columbia River at Wenatchee. 



