Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1892-06-18
Proceedings of County Commission
ers Of santa Fe County N. VI,
Hume pG IS19

ment.
Present: Hon. Max. Frost, acting
chairman; Hon. Juan Garcia, commits
sioner; Ignacio Lopez, clerk. Absent:
Hon. J. B. Mayo.
The minutes of the meetings held dur
ing the month of June we're read and ap'
proved.
On motion it was resolved to employ
E. L. Bartlett, ESQ.,, to aid and assist Dis
trict Attorney r. E. Twitchell in the
prosecution of the cases Of the county OF
Santa Fe against ex-Collector Frank
Chavez, his administrators and boncs-
men, and E. L. Bartlett, esq.,, was there
for regularity employed as such council
and attorney in the case.
E. A. Fiske, ESQ.,, as council for the
Santa Fe Water & improvement COM
pany, appeared before the board and
asked that a certain judgment against
the county of Santa Fe and said bonds Of
said county held by said company be
refunded under the act of February %,
1891.
After full consideration of the matter
the following resolutions were adopted:
Whereas on the lst day OF February a.
D. 1892, in certain cause and suit thea
and there pending in the district court OF
the county of Santa Fe and territory OF
New Mexico wherein the Water & I'M
provement company was and is plaintiff,
and the board of county commissioners o.
Santa Fe county was and is defendant
which said cause was and is numbered
29l0 on the docket of said court, the said
plaintiff the Water & improvement COM
pany then and there recovered judgment
in the sum of $4,279.24 with interest
thereon at the rate of per centum per
annum, against the said county of Santa
Fe no part of which said judgment and
interest has been paid or satisfied but the
whole amount thereof is now due and
payable by said county as aforesaid.
And whereas the said county of Santa
Fe has no funds with which to pay said
judgment and interest and the said Water
& Improvement company has agreed to
accept in lieu thereof dollar for dollar |
bonds and coupons of said county of San |
ia Fe to be issued under and pursuant to |
the provisions OF an act OF the legislative |
assembly of the territory of New Mexico |
approved February 26, 1891, Chapter 70,
of the Session Laws of 1891, said bonds to |
be SO taken and received by said Water &
Improvement company at par value
thereof dollar for dollar in exchange for
the amount of said judgment the said
bonds SO to be issued to bear interest at
the rate of 5 per centum and to be other
wise conditioned as hereinafter provided
and set forth and as provided by said act
of February rs, 1891.
And whereas said judgment and inter
est thereon is valid subsisting indebted
ness against said county of Santa Fe, and
whereas said judgment bears a greater
rate of interest than per cent per annum,
to wit 6 per cent per annum.
And whereas bonds OF the said county OF
Santa Fe numbered respectively numbers
Is, II and Is, each for the sum of 500, and
1885, 1877, 1873, 139, l40, al, 142, LAB, IA
and las each for the sum of $500, with
interest due thereon at the rate OF per
cent per annum as evidenced by the
coupons thereto attached, from and in
GLIDING after the LIST day of July A. D.
1891, were duly executed and delivered by
the proper authorities of the said county
Of Santa Fe under the provisions Of the
act Of the legislative assembly of the terri
tory of New Mexico dated February 10,
1889, and amendments to said act which
said bonds and unpaid coupons thereunto
belonging attached and unattached are
now outstanding as valid existing in
1ebtedness against said county wholly
unpaid, which said bonds and indebted
ness including interest on said bonds to
July /, 1892, amount in the aggregate to
he sum of $5,622.77, no part of which has
been paid or satisfied.
And whereas the holder and owner of
'aid unpaid bonds and attached coupons
md interest and the said county of Santa
70 is willing that said bonds, coupons and
interest be refunded into bonds Of the
aid county of Santa Fe to be issued
lnder and pursuant to the provisions of
he act of the legislative assembly of New
Mexico approved February 20, 1891,
chapter 70 of the Session Laws of 1891,
aid bonds to be so taken and received by
he said holder and owner of said bond,
ssued as aforesaid under said act of Feb
uary 10, 1889, and amendments thereto,
t the par value thereof IN exchange dollar
or dollar for said outstanding bonds,
oupons and indebtedness as aforesaid,
he said bonds so to be issued, to bear
interest at the rate Of per cent per an
um and to be otherwise conditioned as
ereinafter provided and set forth and as
rovided by the said act of February 26,
S91.
And whereas, said outstanding indebt-
dness as aforesaid amounts in the aggre
ate to the sum Of $l0,053.13; it is there
ore
Resolved by this board, That the said
ounty OF Santa Fe make, execute, issue
nd deliver to the holder and owner
t said outstanding Indebtedness, in.
luding the said judgment, outstanding
onds, coupons and interest, or such
art thereof as can be equally divided
nto sums Of 500 in exchange for said
Indebtedness, dollar for dol
ar, and at the face value thereof, funding
ones with interest coupons attached, OF
he said county of Santa Fe, issued and
eliyered under and pursuant to the pro-
islons Of the act Of the legislative assem-
ly OF the territory OF New Mexico emit
led Gan act for the financial relief of
ounties and municipalities" approved
y the governor on the 26th day Of Feb
uary, A. D., 1891, chapter 70 of the ses
ion laws of New Mexico for 1891 that 1
aid bonds so to be issued shall be in full
abstraction of the sum OF $4,000 of said
Indebtedness and each OF
aid bonds shall bear interest at the rate
( 5 per centum per annum from the 30th
ay OF June, A. D., 1892, which said in.
crest shall be evidenced by attached cou-
IONS and shall be payable semi-annually
N the LIST day of January and the LIST day
# July for each and every year during :
be currency of said bonds; that each of
aid bonds shall bear date July /, A. D.,
1892, and be due and payable on the LIST =
lay of July, A. d., 1892, with the option !,
# the said county to redeem the same g
Ifter fifteen years currency thereof; that
ach of said bonds shall have semi-annual
interest coupons attached and shall recite
he existance and performance Of all con-
litions precedent to its issue under the
aid act Of February 26, 1891; that each
e caid handn nd Tho aaid aktnnh oil cor. Il