Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1891-10-05
or it.-New York Press.
Session of The Board Of County Commits
sioners, Santa Fe, N. NJ, Sept.
90, 1S91.-Continued.

sioners, Santa Fee, N. NJ, Sept.
30. 1S91.-Continued.
And it is further resolved by the said
board, That, as to all bonds of this county
heretofore issued in aid Ct the construction
of railroads by the New Mexico Il South
ern Pacific Railroad company, the aggre-
gate principal thereof amounting to the
sum OF $50, 900, and the same bearing
interest at the rate of per cent. per an
mum, and as to all Interest accrued Oh the
said bonds and evidenced by outstanding
interest coupons, whether attached to or
detached from the said bonds, and all
interest accrued on the matured interest
coupons of the said bonds, the county of
Santa Fe hereby offers to refund all its
said indebtedness evidenced by such out
standing bonds, interest coupons and
interest, at par, by exchanging therefor
its funding bonds, to be issued under and
in pursuance of and in conformity with
the said funding act; all to bear date Sep
TENDER 20, 1891 to be due and payable
August l., 1921, with the option to the
said county to redeem the same after fif-
teen years currency thereof to bear inter-
est from date at the rate OF per cent per
annum, payable semi-annually, that is to
say, on the first day of February and the
first day of August every year, the first
interest payment, nevertheless, to be
made February /, 1892, in the amount of
the interest accruing from the date of such
bonds to the said first day of February,
1892; to have semi-annual interest cou-
pons attached, the first coupon, however,
being only in the amount OF the aforesaid
first interest payment; to recite the exis-
tence and performance of all conditions
precedent to their issue; to conform to the
terms and provisions OF the said act, as
to form and manner of execution, as well
of the said coupons as of the said bonds
and to be payable, principal and interest,
at the Western National bank OF the city
of New York this offer, however, being
on condition that interest on all bonds
and interest claims to be presented for re-
funding under this resolution shall cease
after September 80, 1891 the date of the
funding bonds to be issued under these
resolutions, and that the interest provided
by and to accrue upon such funding bonds
shall be in lieu of all interest accruing
after the said date upon the said railroad
aid bonds, interest coupons and interest
claims, which shall be exchanged and
cancelled under this resolution. And it
is further
Resolved by the said board, that all
the bonds whose execution and issue are
authorized by these resolutions may be in
such denominations conformable with the
said funding act as may be agreeble to the
officers signing the same and the Credl-
tors receiving the same; and it is further
lao n~l hat
time to time as offered tor exchange or
refunding, the said railroad aid bonds,
with the coupons thereto attached, and
all unmatured coupons thereto pertaining,
and all matured detached interest coupons
aforesaid, shall be received by this board,
through its chairman or CLERK, and be
Immediately cancelled in the mode and
by the authority provided IN the said act,
and, in consideration of the surrender
thereof and in exchange therefor, funding
bonds of the said county, of the form and
description above specified, and to the
amount of the principal of such surren-
dered bonds and of all interest accrued
thereon up to September 20, 1891, and
evidenced by coupons thereto attached,
or by any coupons thereto appertaining
and Herewith surrendered, and of all
such surrendered matured detached inter-
est coupons, and of all interest up to that
date accrued on such surrendered interest
coupons, whether attached to or detached
from the bonds to which they may apper-
tain, shall be issued and delivered in due
proportion to the person or persons, cor
poration or corporations 30 surrendering
such bonds and interest coupons for can
collation. and refunding; and it is further
Resolved by the said board that
and the treasurer of the county of
Santa Fe be, and they are, hereby in the
name and behalf of said county, author
lied, empow cred and directed to execute
the said funding bonds, under the proper
cooperate seal, with proper interest cou-
pons attached, in manner and form pro-
vided by the said act, and to deliver the
same in execution and performance OF
and in conformity with the foregoing res
olution and it is further
Resolved, By the said board that
proper record of all bonds and interest
coupons surrendered and cancelled, and
Of all bonds issued, pursuant to the said
act, be forthwith opened and thereafter
be faithfully kept by the probate clerk of
the county of Santa Fe in conformity with
the terms and provisions of the said act.
The following acceptance of the above
was then filed and ordered spread upon
record:
To the Board of County Commissioners OF the
County of Santa Fe;
SANTA FE, Sept. 20, 1891. Referring
to your resolutions, this day passed, au.
thorizing and directing the refunding
under ian act for the financial relief Of
counties and municipalities, approved
February 26, 1891, OF the county indebt-
edness evidenced by the judgment of
William N. Coler, j., described In the
said resolutions, and by. the bonds,
coupons and interest claims. etc. therein