Santa Fe daily New Mexican., 1896-12-21
THE BONDS ARE APPROVED
Interesting Extract from the Con-
gressional Record on a Notable
Subject.
FULL TEXT OF The NEW AMENDMENTS

of Santa Fe and Grant Counties
May Refund Their Bond
/ ed Debt.
The Congressional Record of Tuesda,
last contains story of great interest t.
the Taxpayers of Santa Fe and Gran
counties. AS heretofore announced il
these columns the Catron bill approving
the act of the legislature in authorizing
the issue of territorial bonds for the re
building of the capitol at Santa Fe, fo
erecting military college at Roswell
for enlarging the insane asylum at Lal
Vegas, etc, has now passed both houses
Of congress and is before the president
His signature will make it law. AS tc
the amendments which Mr.. Catron added
to the original bill, at the demand OF
Brice and Coler, the following extract
from the Congressional Record is of deep
local local interest:
ISSUE OF BONDS IN NEW MEXICO.
| Mr.. Wolcott ask unanimous consent
to call up the amendment of the house OF
representatives to the amendment of the
senate to the bill I'll. r. 4052) approving
certain acts of the legislative assembly OF
the territory of New Mexico authorizing
the issue of certain bonds of said terri
tory, which came over from the house a
day or two since and which was read. An
objection was then made by the senator
from Missouri Mr.. Cockrell who now
withdraws his objection, understand.
He has examined the bill. 1t is identical
with the bill which passed both houses OF
congress before the adjournment in June
and received the veto of the president
because of certain restrictive language at
the close of the measure, which has been
eliminated from it. With that exception,
the bill stands exactly as it did when it
passed the two houses of congress before
| The amendment was read by the secretary
the other day, before the objection was
made by the senator from Missouri, and
l should be glad if the senate would vote
upon it.
The president pro tempore: The SEN
ator from Colorado asks unanimous con-
sent for the present consideration of the
The chair hears none, and the action of
the house of representatives will be stated.
The secretary read as follows:
Resolved, That the house agrees to the
amendments of the senate to house bill
1862 entitled IA bill approving certain
acts of the legislative assembly of the ter
ritory," numbered l and 4, disagrees to
amendment numbered 8, and agrees to
amendment numbered 2, with an amend
ment as follows:
"Also the certain bonds and indebted
ness, together with interest coupons
thereto attached, of the county Of Santa
Fe, territory of New Mexico, dated Sep.
tember 49, 1891, issued under the provis-
ions of act of the territorial general assem-
bly, of the territory of New Mexico, enti-
tied IAN act for the financial relief of
counties and Municipalities approved
February 26, 1891.
"Such bonds having been issued in re-
funding and in lieu of $150,000 of bonds,
overdue interest, and judgment rem
dered thereon, of said county, of Santa
Fe, heretofore, In the year 1880, issued
and outstanding, are hereby validated,
approved and confirmed Also the GER
tain bonds and indebtedness, $56,000
in am cunt, together with the interest con-
pons thereto attached, of the county of
Grant, territory of New Mexico, dated
July l., 1873, being the unretired part of
an issue of 100000 in bonds issued by
said county of Grant under the provis-
ions of an act of the territorial general
assembly dated February l, 1872, are
hereby validated, approved and confirm
ed. Also the certain bonds and indebted
ness, $4,000 in amount. together with the
interest coupons thereto attached, of the
city of Silver City, county of Grant, ter
rltory of New Mexico, dated March !,
| 1898, issued under the provisions of an
act of the territorial general assembly of
the territory of New Mexico entitled AN
act enabling the authorities having
charge of the finances of any town or
city of the territory of New Mexico to
refund any bonds or other obligations of
said town or city by the issuance of
similar obligations, bearing less rate OF
interest,' approved February II, 1891,
such bonds having been issued in re-
funding and in lieu of bonds and indebt-
edness to the amount of $4,000 of said
city of Silver City, county of Grant, there
tofore issued and outstanding, are hereby
validated, approved and confirmed.
at ia intended hereby to validate, ap-
prove and confirm any and all laws, or
dinances, and proceedings, and bonds
relating to the matter necessary to the
valuation of the said bonds Of the terri
tory of New Mexico and of the said Santa
Fe county, Grant county, and town OF
Silver City bonds, but no further and for
no other purpose.
"The said county of Santa Fe is hereby
authorized and ndempowered to again re.
fund all or any portion of the indebted
ness thereof by this act validated within
one year from the passage of this act,
in accordance with the terms and provi-
sions Of an act of the legisture of the ter
ritory of New Mexico, being chapter 20,
entitled AN act for the financial relief of
counties and municipalities House bill
No. 1897 approved February %, 1891, ex.
cept that such refunded bonds shall bear in
terest at the rate of per cent per snnum,
payable semi-annually, and shall become
due twenty five years from the date of the
iseue of such refunded bonds, and shall
be issued for the amount of unpaid prin-
cipal of the bonds of said county by this
| act validated, with interest thereon from
the date thereof, to wit, September, 1891,
and March, 1892, respectively, at the rate
of per cent per annum until the date
when the sum shall be refunded as herein
provided, less the amount Of interest
heretofore paid on such bonds; and when
] eo;1 hon AZ hal ha ~ rafundad khov nh n II