Rio Grande republican. (Las Cruces, N.M.) 1881-1914, 1889-03-23
FaHis btVeIoi9F9 J.s9ei. AID bearIas


ragis hcveIdiqFe lssgai, aUd bearIne
lnleresi at a rascol 6 per c.at pi
ai nan ;F5fl tbc dale ihtrcai Al
sneh warrants sisil BE- reported by
tbs conn;y commissioners Ia ti.t
lreasrter. and sIiaIi be registered and
liaii l'y him in siic same 6tdsr i,
ihough they had been rr, sCnicI 10
fitm Tor registration by tie h1l slsi
! tleaeoiupon the t;ae sach warrant
BEARS and IN ease Ct neglect or re
ia5af OF tie county commissioners
10 deliver bond OF bonds Of tl.e
county ia excharge for county war.
rants, as IS herein provided. then tbs
probate clerk shall endorse sacl
warrants MS follows = Presented,
bns not funded, which iBdorsemen,
shall be dated ard signed bv the
clerk, and, uuless sooner eenverIe5i
sIste eefisis, IN accordance with the
terms OF this act, such xarraai shall
be paid 10 tbeir peculiar order wiia
interest at the rate OF 8 per cent per
annnn; such interest 10 be computed
land pad 10 tee sasae manner IS
! though such warrants bad bccn W.
esivsd iu exchange for bonds. Psu-
vidcd, that ali warrants cot exibaged
or presented for cxchaage for such
tt.',ts4I ca 81 t.ss t-essFe- tie Ist- day Of
July, A. d. 1850, shall bot bear IN
terest after said date. ard shall not be
paid by any county treasurer, except
when there shall be = surplus Of COM
ty funds in the treasury OF sad couu-
ity, over aud abore what is necessary
10 meet and rlesFay the =srreut ex.
.penscs Of SAID county.
Sec. 5.-Ail bonds issued under
the provisions Vf this act shah be
Numbered censecG,iveIy. beginning
with number oIe, aud shall be Eigued
by the chairman OF the board ol eoif1i-
ty commissioners, and atscstSsi-@liy
the probate cierk under lie seal Of tic
county. The county commissioners
shall prescribe the date and iora Q.
snch bond or bonds, and all coupons
shall be sigued by tito chairman ef
the board of t0saty commissioners
and by the treasurer OF sach county;
and the coupons attached. and shall
show the date Of maturity Of such
e0un0n honds.
See. G.-The county commissioners
of each county issuing bonds under
the provisions OF this act SHALL pra=
vide book and stall register there.
In, IN order ID which they are issued,
Tire number, date and amoRn. OF each
bond 50 isssea, and the time when
the same shall become due, together
with the name oI the person 10 whons
issued, and q description OF the war
rants or bonds, as the ease may be,
taken up aud cancelcd by issaing
said bond or bonds; and they saaiI
likewise keep m1Iuorandan or
record OF All boad or bonds. or war
rant or warrants. atany llme taken
mp and paid by the trcasurerSSaad al
such bond and bonds, shall be regis
tered ON The bstkk bstkk thereof by the
treasurer Of such county. who shall
cettsfy that such bond or honds nave
been regularly Issued ia accordance
With ,ht laws oi tic territory OF New
Mexifo.
See. T.-It shall be the duty Of
the eaaa.y commissioners 81 .ay
ee#asy issuing haHlls nnelerthe terms
of this act 10 levy each year, ST the
tine Of making the ievy Of other
taxes, tax sufficient in amoeat aud
no more than is sufficient TO pay tbs
interest on said bond or bonde, war
rant or warrants, for each year;
such tax shall b. kept separate from
the taxes levied for other county paH-
poses, and shail be Psyally IN
money, aud shall be devoted ex-
elusiveiy 10 the payment Of such in-
tersss.
Sec. !. After the expiration OF
the year 1899, and Annually there
ailer or until paid, the comfy COM
missioners OF each county. shall pro-
vide sinking iand by taxation, ard
shall levy faxseqnal 10. a, least 10
per cent and not more than 20 per
cent eii such beads; WHENEVER aanlIs
10 the amount Of sl,000 shall come
into tue hands of the county treas.
urcr. heshaIi givc notice by public.
alton once week for at least four
eeBseeniive weeks, in samo news
paper pabiishcd in his county. aud
# there bu no newspaper pabiished
10 such county, then ia the ncarvsl
newspaper Published in the next ad-
joining county. that upon presanta-
ton Of ees,ala bonds, designating
them BY member, date and amount,
be VIII pay ihe same; and iatenesi
upon such bond or bonds shall cease
thirty days alter the last phbliealiou
niorrsaiti;; ard allll bonds shall bs eall-
Cd for redemption ID the order or
their number, beginning with No. ].
See. 9.--Any funds remaining IN
tilp hands Of the eosasy treasurer
alter the redemption Of sach bond or
bonds shall be transferred to The
proper fund for the redemption of
county warrants, or TO the fund for
the payment OF tho current expenses
oi said county.
Sec. l0.-Whcneyef any bond or
bonds, or the interest thereon or the
coupons attached thereto, issned
under tho provisions of this act, shall