10. The proceeds of the sale of bonds and the interest on deposits are hereby dedicated
to the purpose of the improvement of the state highway system as authorized by law
at the time this act becomes operative and such proceeds together with all accrued
interest, premiums and interest on funds derived from the sale of such bonds, shall
be deposited by the state treasurer in such depositories as may be selected by him,
to the credit of the fund for which said bonds are issued.
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