Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1889-09-20

slate on more favorable conditions than
are prescribed by law to similar corpora.
lions organized under the laws OF this
state.
Sec, II. 10 corporation shall ALLEVIATE
or lease any tranchise, So as TO relieve the
iralhisc or property held Hereunder
iroM the liabilities Of the lessor or grantor,
lessee o. grantee. contracted or incurred
in the operation, use or enjoyment OF such
franchise or any of it's privileges.
See. r. Tie state shall not many man
ner loan its credit, nor shall it subscribe
to or he interested in the. stoc k OF any
company, association or corporation.
Sec. Is. The exercise OF Tie right Of
eminent domain shall never be so abridged
or construed rs to prevent the legislature
/ ON taking the property and franchises
Il incorporated companies, and snhlectlns
them to public use the same as the prop
ertv OF individuals.
See. IA. No corporation, association or
individual shall issue or put in circulation
rs money anything but the lawful money
# the United States. Each stakeholder
# any bank or insurance company shall
ne individually and personally liable
equally aud rutahly, and not one for an
ether, for all contracts, debts and engage
ments Of such bank or insurance com.
pany accruing, while they remain such
stockholders, to the extent of the amount
Of their stock therein at the par value
thereof in addition to the amount invested
in such shares.
Sec. ID. Any president, director, man.
ager cashier or other officer OF any bank
Ing institution who shall receive or assent
TO the reception OF deposits after he shall
have knowledge of the fact that such
banking institution is insovent or in fail
ing circumstances, shall he individually
responsible for such deposits so received.
The following, submitted by the COM
mittee on congressional requirements, was
also adopted:
ARTICLE 49,
RELATION OF TILE STATE TO THE UNITED
STATES.
Section /. The state of New Mexico is
forever an inscparable part Of the United
States Of America.
Sec, >, The people OF this state hereby
adopt, ratily and acknowledge the consti-
tuion OF the United States of America as
the supreme law Of the American union
and Of this state.
Sec, 3. The legal debts and liabilities
Of tie territory OF New Mexico shall be
assumed and paid toy this state.
See. 4.-l'erlcct federation of religious
sentiment shall be secured, and no in.
/ hahitant If this state shall ever be
nIolested i'll person or property on account
Of his Or her mode of religious worship,
nor shall any preference be given by law
to any RELIGIOUS establishment. No relis-
! ioHs test shall he required for auy office
or for any vo,e at any election; nor shall
any person he incompetent to testify Oh
account OF bis or her opinions on matters
OF religious belief, nor be questioned in
any court touching such opinions so as
to affect the weight Of his or her testl-
mOny.
Sec. 5. The people inhabiting this
state do agree and declare that they for
ever discluim all right and title to the UNI
appropriated lands lying within the
| boundaries thereof and to all lands lying
within SAID limits owned or held by any
| Indian or Indian tribes and that until
tie title thereto shall have been eXtin.
4ulshcd by the United States the same
Shall he and remain subject to the dis
position OF the United States, and said
Indian lands shall remain under the alb
solute jurisdiction and control OF the con-
gress Of the United States that the lands
or other property belonging to citizens OF
the United States residing without the
| state, shall never be taxed at higher
rate than the lands belonging to residents
! thereof; that no taxes shall be imposed
! 10y the state on lands or property therein
belonging to, or which may hereafter be
purchased by the United States, or re-
served for its use. Bat nothing herein
shall preclude tie State from taxing as
other lands are taxed any lands owned or
held by any Indian who has severed his
tribal relations, and has obtained from
the United States or from any person or
source title thereto by patent or other
grant, save and except such lands as have
been or may he granted to any Indian or
Indians under any act Of congress con
tanning a provision cXempting the lands
thns granted from taxation; but all surh
lands shall he exempt for taxation by this
state so long and to such extent as such
act OF congress may prescribe.
Sec. 4. Provision shall be made for
the establishment and maintenance Of Il
system OF pubic schools, which shall be
open to all the children OF said state, and
free from sectarian control. and no other
or different schools shall receive any aid