Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1903-01-22

I this act, the board of county commits
sioners of Roosevelt county is hereby
authorized and directed to issue 1ts
coupon bonds of that county, which
bonds shall bear interest at a rate not
to exceed five per cent. per annum, pay
! able semi-annually; snch sail bonds
shall be payable absolutely 20 years
from their date and at the option of
said county, five years from their date;
they shall be in amounts of $1OO each or
in multiples thereof; they shall be sigh
ed by the chairman of the board OF
county commissioners, countersigned
by the clerk of said board, attested by
| it's seal and endorsed by the treasurer
of the county, and shall be in form to
be approved by the district attorney of
the 5th judicial district of the Territory
| of New Mexico.
Sec. Z. Such bonds may be sold for
cash, at not less than par, and out OF
| the proceeds Of such sale the indebted
ness of Roosevelt county to said coun-
! ties of Chaves and Guadalupe as found
by said commission, shall be paid and
satisfied in full; and if such sale cannot
be made by the first day Of January, A.
| D. 1904, then and in that case, said
| bonds and coupons attached, shall be-
| turned over to Chaves and Guadalupe
counties in full settlement of the in
debtedness of Roosevelt county to Cha
yes and Guadalupe counties respective
| ly, and it shall be the duty of the board
of county commissioners of Roosevelt
county to annually levy tax sufficient
to pay the interest coupons coming due
semi annually upon said bonds, and in
addition sufficient amount to create
a sinking fund to pay said bonds when
they become due; said bonds shall be
| the first issued by Roosevelt county,
and the levy for the payment of inter-
est and to create a sinking fund shall
be the first made, and such bonds shall
be known and designated as Roosevelt
County Establishment Bonds" Such
bonds shall be dated the first day of
January, A. D. 1903, and the coupons
shall become due and be payable semi
/ annually thereafter. The debt -ascer-'
| tanned to be due from Roosevelt county
to Chaves and Guadalupe counties re-
spectively, on the first day of January,
1903, shall bear interest at the rate of
six per cent. per annum from that date
until the payment of the same in cash
or in the taking of the bonds and cou
pons above provided for: and this
amount of interest shall be added to the
debts evidenced by the issuance of said
bonds, and be included therein and
from January first, 1903 the
one per cent. additional interest shall
be considered as a current expense of
Roosevelt county and paid as such.
Sec. s. The county of Roosevelt may
issue bonds for court house purpose to
an amount not exceeding $4,000, and for
Jail purpose to an amount not exceed
ing $4,000, and for current expenses un-
til taxes are levied and collected to an
amount not exceeding $1,000.
Sec. 9. Roosevelt shall be en-
titled to have and receive from the
counties of Chaves and Guadalupe res
pectively, all unpaid taxes for the year
A. D. 1902, which taxes have been lev
led or assessed upon or against proper
ty within the former limits of Chaves
; and Guadalupe counties and which by
: this act are set off from said counties Of
Chaves and Guadalupe and has become
Roosevelt county; and the treasurer
: and collector of Roosevelt county shall
collect and receipt for the same to the
same as the respective treasurers and
collectors Of Chaves and Guadalupe
: counties might have done had said
{ property remained within the limits Of
: the counties of Chaves and Guadalupe
4 and Roosevelt county shall be entitled
J. to and shall receive from Chaves are
Guadalupe counties respectively such
& proportion of the monies received from
8 licenses issued by said Chaves and
t Guadalupe counties in force in Roose
i welt county during any part of the veal
: A. d. 1903, as such unexpired term o.
d each license shall bear to the whole
n term for which such license was issued
2 and all taxes already collected and pait
Z into the respective treasures Of Chave
L and Guadalupe counties shall be cred
d tied upon the proportion of the respec
0 tive debt of Chaves and Guadalup
: counties assumed and to be paid b.
= Roosevelt county.
9 Sec. 10. On or before the first day o
u May, A. D. 1903, the collectors Of tn
/ counties Of Chaves and Guadalupe shal
n deliver to the county commissioners o
u Roosevelt county a list Of all the delin
% Quent taxes and unpaid licenses and al
y so list Of all taxes which will becom
& due on July /. A. d. H190s upon propert
'e within the limits OF and upon persone
ID property belonging to persons residen
within the limits Of Roosevelt county
II and the county collector Of Roosevelt
"a county shall proceed and collect sal
ts taxes and licenses as required by la,
J. and they shall become and be the fund
,e Of Roosevelt county.
81 Sec. II. said Roosevelt county \