White Oaks eagle. (White Oaks, N.M.) 189?-190?, 1897-04-08


Of each county, members of boards OF ed.
ucation, and officials OF municipal cor.
porations, and directors OF any school
district, issuing bonds under the pro-
visions OF this act. shall provide book |
and shall register therein in the order |
that said bonds are issued, the date and
amount OF each bond so issued the party |
to whom issued and the date when the |
same will become due, and there shall
likewise be kept a record of all bonds at
any time taken up and paid, together
with a record of all coupons paid; such
record shall be kept by the treasurer OF
such body and it shall be his dnty to Ger
tify that such bond or bonds have been
regularly issned according to the previs-
ions Of this act.
Sec. II. 1t shall be the duty of the
board OF feducation, ,trusteesof towns, may
or and town council of towns and mayor
and city council Of cities to ascertain and
notify ON or before the first Monday in
May of each year, t board of county
commissioners the amount required to
pay the interest on bonds issued by
them respectively; and it shall be the
duty of the county commissioners OF
each county in the territory to levy
each year at the time of making the
levy for other taxes, tax sufficient and
no more han is sufficient, to pay the
annual interest accruing on any and all
bonds issued under and pursuant to the
provisions of this act. The taxes raised
by means of such levy shall be kept
separate and apart from other taxes
and shall be paid in lawful money Of
the Unitd States and shall be used ex-
clusively for the payment of the inter
est on the bonds which have been issued
by the provisions hereof.
The county asse ssor, in making his
regular assessment of property situate
within the limits Of any incorporated
town. city, school district or other mu
nicipality shall include any and al
property of whatsoever kind and
character situate therein and for the
purposes OF this act personal property
of every description shall be assessed
and taxed in the place OF It's location OF
the first day of March OF each ye1r.
Sec. -. After the expiration OF thu
year 1907, aud annually thereafter untl
, paid, the county commissioners OF eacl
, county shall provide sinking fund b.
3 taxation and shall annually levy Ia
, equal to at least ten per cent. and no
. greater than twenty per cent. OF sal
3 bonds issued under the provisions here
of, and whenever funds to the amour
q of one thousand dollars shall have com
q into the hands of the county treasure
I for county or school district indebted
/ ness, or shall have come into the hand
G Of the treasurer Of any board Of educa
!. ton, or into the hands of any city c
tOWE treasurer, llOlu tue iuhu III ~
Il section provided for. such treasure
!. shall give notice by publication once
week, for at least four consecutive weel
s in some newspaper Uf general clrcul
ton in the county, that upon presenta
!. ton of certain bonds, designating the,
by number, date and amount, he wi
pay the same and interest on any sue
bond not advertised as aforesaid sha
II cease thirty days after the last publici
ton herein provided for and any and q
:. bonds shalt be called for redemption
the order OF their number, begin
- ming with Number one.
II Sec 10. Any and all funds remai
,r ing in the hands OF any OF the treasure
ID named in this act on account OF ar
,e money collected to pay any OF the BON
Of cd indebtedness herein provided for, 9
II ter the redemption apd pigment Of al
n. and all outstanding bonds issued nnd'
in the provisions thereof, shall be trar
III terred to the current expense fund
ty the county, city, town, board OF educ
ton or school district us the case NJ
he.
"a Sec. IA. Whenever any bond or bone
or the interest thereon, issued pursuu
=, to the provisions OF THIS act, shall becol
~ due and shall remain unpaid, OF pr
!. entation to the treasurer Of the coun
:. city town, board OF education or sch'
"A district, as the case may be, where ST.
-, bonds we're issued, such bonds or
-. interest thereon shall be immediat
40 paid by such treasurer out Of moneys
a. his hands collected for that purpo
Ia and when any tuch bonds or the c.
!, pons thereon have been 80 paid he 81
:, mark the same on the face thereof in
ho ink cancelled and PAID" showing
~ date Of payment and signing his Ollie
ia name thereto, aud at each and ev
:, settlement made and had by such trt
~ urer with the proper official providei
Tho law for such purpose, he shall turn o
q, to tho proper authority any and
INV bonds and coupons so redeemed
tha cancelled by him. all Of which said be