Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1893-01-28
Proceedings of the Board OF County
commissioners
SANTA FE, N, NJ, Jan, 20, 1893,

SANTA FE, N. M, Jan. ~, 1873.
The board met at p. m.
Present: Hon. A. l.. Kendall, CHAIR
man; Chas. W. Dudrow, commissioner;
Atanasio Romero, clerk; Antonio Alarid,
deputy sheriff.
The minutes of the last session were
read and approved.
The account of Francisco Montana as
road overseer in precinct No. l. for the
year 1891 was approved for $40, to he
paid out of the taxes of 1890.
Whereas on the 9th day Of January, A..
D. 1898, in certain cause and suit then
and there pending in the district court
for the county of Santa Fein the territory
of N. M. wherein the Water g. Improve
ment company was and is plaintiff and
the board of county commissioners of the
county of Santa Fe was and is defendant,
which said cause is numbered three thous-
and one hundred and ninety (3199)
on the docket of said court, the said
plaintiff then and there recovered against
the said defendant a judgment for the
sum $53S.29 with interest thereon at the
rate of 6 per cent per annum from the
said date thereof, no part of which said
Judgment and interest has been paid or
satisfied but the whole thereof is now due
ana payable by the said county of Santa
Fe.
And whereas the said county of Santa
Fe has not sufficient funds 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
Santa Fe to be issued under and pursuant
to the provisions of an act of the legisla-
tive assembly of the territory of New
Mexico, approved February rs, 1891,
Chapter 70 of the Session Laws of 1891,
said bonds to be SO taken and received
by said Water q Improvement company
at the par value thereof, dollar for dollar,
in exchange for the amount of $500 of
said judgment, the said bonds SO to be
issued to bear interest at the rate of per
cent per annum and to be otherwise con-
ditioned as hereinafter provided and as
set forth and provided in and by the said
act of February rs, 1891, and interest
thereon.
And whereas said judgment is a valid
subsisting Indebtedness against said
county and bears greater rate of inter-
est than per cent per annum, to wit,
per cent per annum. 1t is therefore
Resolved, by this board, That the said
county of Santa Fe make, execute, Issue
al1 deliver to the owner of said outstand-
ing Indebtedness and judgment, or such
part thereof as can be equally divided
into sums If 800 each, to wit, the amount
dol'"r for dollar, ana At the face or ne
value Thereof, funding bonus with il+Ne,
coupons attached, of the said couivy of
! Santa Fe, issued and delivered under and
pursuant to the provisions of the act OF
+, the legislative assembly of the territory
OF New Mexico, entitled San act for the
financial relief of counties and municipal
, ities," approved by the governor on the
26th day of February, A. D. 1891, chapter
| rs of the session laws of New Mexico for
i 1891; that said bonds so to be issued and
delivered shall be in full satisfaction of
1 the sum of $500 of said Judgment and
Interest thereon and each of said bonds
shall bear interest of per cent per an
mum from the lst day of January, A. D.
1898, which said interest shall be payable
semi-annually on the LIST day of January
and the LIST day of July for each and every
year during the currency of said bonds
that each of said bonds shall bear date
-------,A.D. 1S9-, with the option
of said county to redeem the same after
fifteen years currency thereof; that each
! of said bonds shall recite the existence
and performance of all the conditions
precedent to issue under the said act of
February 26, 1891, and shall have attached
thereto semi-annual interest coupons;
that each of said bonds and attached cou-
pons shall conform in all respects to the
terms, conditions and provisions of said
act last aforesaid and shall be payable,
principal andinterest, at the First Ma
tional bank of Santa Fe in the
city and county of Santa Fe and
territory of New Mexico and that said
bonds shall be issued in the following
denominations: