Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1897-02-09
Q Gill NO. as.
Provisions Made for the Payment of
Warrants Issued During u
Contaglon In Las Vegas.

N
SECTION l.. That section 1901 OF tn
compiled laws Of New Mexico, 1884
be amended by adding to It a proviso
10 words and figures as follows, to-wit
Provided, That where any indebted
ness was incurred or created, by tn
authorities of said cities, and for whlcI
warrants we're issued by the SAT-
authorities, after Otto or 26tb, 1882
and prior TO January Gath, 1888; fol-
health and sanitary purposes, such 81
to pay physicians, nurses for hospital
hospital supplies, city marshal, police,
or for drugs, medicines, sections, dig
ging graves, c%offios, interring dead
bodies, printing ordinances, vaccine
points, vaccination and other necessary
expenses in curing, caring and provid-
ing for patients afflicted with smallpox
and guarding against the spreading OF
said diseases, aud interring INDECENT
persons. The contract by which said
indebtedness was so incurred or created,
and the warrants issued therefor, are
hereby legalized and made valid, and
the time for presenting such indebted
ness to the board Of county commits
sioners for allowance Ia hereby extend
ed until July 1st, 1897; and it is hereby
made the duty Of said commissioners
to approve all just claims and proper
and legal liabilities heretofore con
tractcd by said cities, for the purpose
aforesaid, and to reject all claims which,
In their opinion, were not incurred or
contracted as aforesaid, but all claims
allowed under the provisions of this
act shall be adjusted, settled and paid
as hereinafter specified and provided,
and not otherwise.
SEC. 2. That any and all warrants
issued by said cities, for the purposes
set forth In section ! of this act, shall
draw and be allowed interest from the
date OF said warrants, at the rate Of (6)
six per cent. per annum, until July
LIST, 1897.
SEC 3 That all claims, indebted
ness or lab lities, meant or intended Dy
the foregoing provIso of section l of
this act, must, together with the war;
rants evidenclng the same, be present
ed to said com missioners for allowance.
on or before July 1st, 1897, and not
afterwards.
SEC. 4. That the county commits
sioners of the respective counties 10
which said cities are situate, are here
by authorized and empowered to issue
coupon ponds of the said counties in
exchange for the said indebtedness, as
evidenced by the warrants OF the said
issued for the purposes as set
in section / of this act, to the
amount Of SAID warrants, with i~ntereSt
thereon, as provided in section 2 Of this
act.
SEC. s. That any and all bonds
Issued under the provisions of this act,
shall be dated on the first day of July,
a. d. 1897, and be of the denomina-
ion of one hundred dollars each or
Iome multiple thereof, and shall bear
interest at a rate of six Coy per centum
ger annum, payable semi-annually on
be first days of January and July OF
zach year; both principal and interest
,hall be payable at the office OF the
county treasurer of such county issuing
UGH bonds, or at such place al the
he county commissioner may desig-
late, and all such bonds shall be pay
BILE at the option of the county COM
nissioners issuing the same, in twenty
ears, and absolutely due and payable
birty years after the date thereof.
SEC 6. That the county commits
toner's shall execute said bonds, and
Ieliver the same to the holder of such
warrants, together with the accrued
interest thereon, and for any balance
# such warrants and interest as afore-
aid, over the amount Of bond or bonds
0 issued as aforesaid, the board Of
ounty commissioners shall issue to the
'wner or owners thereof a new war
ant, similar to the county warrants
low being used, and bearing interest
t a rate Of six (6) per centum per
mum from the date thereof All such
v"arrants shall be reported by the %coun-
commissioners to the county treas
rer, and shall be registered and paid
y him out Of any money in his hands,
objected as hereinafter provided, TO
,ay the interest on said bonds, after
be payment of interest has been made
or any year, and a surplus amount
hall be left over.
Sec. z. All bonds issued under the
rovisions Of this act, shall be nun.
cred consecutively, beginning with
lumber one, and shall be signed by
be chairman OF the board of county
commissioners, and attested by the
rebate clerk under the seal of the
ounty. The commissioners shall
rescribe the form of such bonds, and
II coupons shall be signed by the
hartman of the board of county COM J
,issioners and by the treasurer Of such
and the coupons attached to
ach bond shall bear the same number
9 the bond to which they are attached, (,
nd shall show the date Of maturity of
UGH coupon bond. ALI bonds is=ued I,
nder the provisions Of this act shall
Q registered in the order in which
hey are issued, the number, date and
mount of each bond SO Issued, and /
ne time when the same shall become .
ne, together with the name of tho i
erson to whom issued.
Sec. 5 That it SHALL be the duty I'll
,e county commissioners of any F.
ounty issuing bonds under the terms I
I this act to levy each year, at the {
me of making the levy OF other taxes, :
special a upon the taxable property
tuatc within the limits OF said cities
, said cnunties. sufi lent in amount,