Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1889-07-02
THE COUNrY's AFFAIRS.


The county board resumed its session
Yesterday afternoon and informally dis
cussed the county finances, incidentally
touching upon the question OF refunding
the county warrants. Commissioner
Wyllvs submitted the following:
Be it Resolved, That all county war
rants issued prior to the 3Oth day OF July,
A. D. 1886, or prior to the date the in
debtedness OF the county became equal to
4 per centum of the assessed valuation OF
the property of the county for the year
previous to that date, to be ascertaned
by the assessment as appears from the
assessors books, be taken up and bonds
of the county OF Santa Fe be issued and
delivered to the holders OF said warrants,
with interest at the rate of 5 per cent per
annum from date of issuance, in accord
ance with the act Of the 18th legislative
assembly of the territory OF New Mexico,
entitled IAN act to enable counties to re-
fund their indebtedness and for other pur-
poses"
Resolved, That the county treasurer
furnish correct statement of the county's
Indebtedness for the use and guidance OF
the board at its next regular meeting, on
the first Monday in August, A. D. 1889
Resolved, That, in the opinion of the
board, it would be just and fair, both to
the county end its creditors, that any per-
sons holding warrants OF the county issued
for current expenses OF the county, sub
sequent to the 30th day OF July, A. d.
1886, or subsequent to the time when the
Indebtedness OF the county exceeded per
centum OF the assessed valuation Of the
taxable property of the county, who will
surrender SAID warrants to the county,
should have bonds issued in lieu thereof
for the amount actually received by the
county for such warrants, with interest at
the rate of per cent per annum; but that
clear and satisfactory proof be furnished
to the board as to the actual amount re-
ceived by the county for such warrants,
and such proof to be furnished by the
holders of the said warrants.
Commissioner Sloan said he would have
to consider these resolutions before he
voted on them, and Commissioner Mar
tinez said he would like to take copy Of
them home with him and review them al
his leisure, hence no action was taken on
the resolutions.
The board desired to know of Commits
sioner Sloan why the sheriff had beer
directed not to pay any collections over tC
the treasurer The response was that the
treasurer had used such funds to pay of
old warrants, duly registered, when such
payment resulted in leaving the county
without cash for current necessary ex
penses that the treasurer had refused tC
obey orders and retain the money in his
possession to meet current expenses
hence the order to the sheriff. Since
January l, it was explained, the affairs o
the county had been run on cash basis
no warrants have been issued, but when
ever a claim was presented to the boarc
and audited it was taken to the sheriff
who paid the cash for it, he depending
upon the board to give him due credit TO
such amounts when he makes his fna
settlement.
This explanation was accepted, and tn,
board then directed the sheriff to max,
out full statement of his accounts anc
be prepared to settle up with the board a
its next regular meeting, August /. The
sheriff was also ordered to make out
statement and present it to-day, shoWins
how much money he held belonging t
the narrow gauge railroad bonds interes
fund.
A statement by the county treasurer o
outstanding warrants was handed in an(
reserved for future reference. The treas
| urer's statement shows that the count,
owes "a, 1896 80 in warrants issued prior t
| July 80, 1886, and also has outstanding
| S56, l63. SO In warrants issued since Jul,
80, 1886.
Upon reassembling to-day the boarc
again took up the equalization of taxes
and had q great many applications to Gu
| down the figures rs made by the assessor
In reference to the above resolution tC
refund certain warrants, COMMISSIONS
Sloan objected to its adoption at present
saying if it were adopted it might affe,"
! certain claims for so-called attorney fee!
Which he did not think the county ough'
justly to pay. Accordingly, COMMISSIONS
WHY'S withdrew the resolution.
Commissioner WHY'S said he was op
posed to funding either interest coupons
or bonds held by w. n. Coler & Co. unit
the courts had gone fully into the cast
and would formally direct the board how
to act in the premises, He said thu
sheriff had about $500 in the marrow
.auge road interest fund, which would b'
paid over at once. He thought there was
about 1000 back due interest on thu
narrow gauge bonds, for which the hold
ers had agreed to take new contingent ex
pense bonds when issued and square thu
| account.
At a former meeting several CITIZEN
had requested the board to open new
street leading 10 the Santa Fe Southern
depot and running through the old bas
ball grounds, but an examination of thu
new law showed that only the distric
ourt could condemn right of way TO
public thoroughiares, and the clerk wa
ordered to so notify the petitioners.