Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1892-02-08

making a total of said outstanding indebt-
edness bonds, coupons and interest, as
aforesaid, of $65, 5S7, rs, or so much there
of as NAV be equally divided into sums of
81 900 each and to make issue, exe cute
and deliver in exchange, compromise and
settlement for said outstanding indebted.
ness. and to the holders thereof, dollar
for dollar. and at the face value thereof
funding bonds Of the said county of Santa
Re, bearing interest at the rate of 5 pr
cent per annum, issued under and in pur.
suance of and in conformity With an act
of the legislative assembly of the terri
tory of New Mexico, entitled IAN Act
for the financial relief Of counties and
municipalities, approved by the loyer.
nor February 26, 1891.
And the agent OF said hol,ler and owner
of said outstanding indebtedness being
now present and for his said principal
asserting to and accepting said offer. It
is now further
Resolved by said board, in considera-
ton of the premises, that there I've made,
executed, issued and delivered in full pay.
ment, exchange compromise and settle
ment as aforesaid of and for SAID out
standing bonds, coupons interest and
Indebtedness, or so much thereof rs can
be divided into equal sums of s 900,
sixty-fve bonds of the said county
of Santa Fe, each OF said bonds
to be issued, executed and delivered under
and in pursuance of the act of the legis-
lative assembly of the territory Of New
Mexico entitled IAN Act for the Finan
cial Relief of Counties and Muuicipali-
zinc - hat l,n L,l
26 1891, and each OF said bonds to be
of the denomination of 81 200, aud each
bearing date February |, A. D., 1892,
and due and payable July |, 1921, with
the option Of said county to redeem
the same after fifteen years currency
thereof, and each bearing interest from
and including July |, 1892, at the rate OF
per cent per annum, payable semi
annually, on the lst day of January and
the LIST day OF July OF each and every
year, and each of said bonds shall have
semi-annual interest coupons attached
and shall recite the existence and per
Torrance of all conditions precedent to
their issue under said act OF February rs, |
1891, and shall conform to the terms and
conditions and provisions Of the said act
as to form and manLer of execution IS
we'll of the sand bonds as OF the said |
coupons, and shall he PAYABLE principal |
and interest Mt the American EXCHANGE
National bank of The city OF New York,
And in consideration of the premises it |
is further resolved by said board that said
bonds so by this resolution directed to be
made executed and delivered shall. 30
far as the same is practicable, be issued |
in denominations of 81 900 each, and anv
less sum or balance remaining of said |
outstanding Indebtedness NAV be in such
denomination oil bond or NAV be other
wise settled as may be agreeable to the
chairman or acting chairman of said
board and the said holder Of said indebt-
edness or his agent,
And it is further resolved by this board |
that from time to time as offered for
exchange or reiunding the said out
standing bonds, coupons and indebted
ness shall be received by this board |
through its chairman or clerk and be
Immediately cancelled in the manner
provided by said act of February 20, 1891.
and in consideration and exchange there
for, funding bonds of the said county
issued in conformity with this resolution,
in manner and form as aforesaid, and to
the amount of the outstanding bonds,
coupons and Indebtedness as aforesaid, so |
surrendered as aforesaid, shall be issued |
and delivered in due proportion, to the
person or persons so surrendering said |
outstanding Indebtedness bonds and |
coupons. And in consideration of the |
premises, it is turtle.
Resolved, By this board that the chair
man and clerk of this board and the
treasurer OF this county OF Santa Fe be
and tbey are hereby. in the name and be-
half of said county authorized, empowered |
funding bonds by this resolution directed |
to be issued and TO SO sign and execute
said funding bonds under the corporate
seal and with proper interest coupons at
tached in manner and form "a provided |
by said actof February 56, 1891, and in
conformity with this resolution and to
deliver the same in execution and per.