Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1905-04-01
7exf Of important Measures
Which Have Become Law

council Bill No. 40. the Martin re-
lief act, approved February I, an act
10 provide for the issuance Of certifi-
Gates OF Indebtedness for the payment
OF appropriations for the relief of flood
sufferers, the building OF dykes and
Tor other purposes, The bill provides
Tor the issuance Of $50, 900 OF five
SIX per cent territorial certificates OF
Indebtedness, the proceeds to be dis.
tributed AS follows for the relief OF
flood sufferers; County OF Grant
$4,000; Dona Ana $4,000; Valencia ST..
900; Bernalillo $4,000; San Miguel
$4,000; Mora $4,000: Colfax $4,000;
Taos $4,000; Rio Arriba $4,000; Leon.
ard Wood 81 900; Sandoval 81, 900, and
the following sums for the building OF
dykes at Albuquerque $4,000: Socorro
$4,000; San Marcial s $500: Hillsboro
$500.
Council Bill No, 35, approved Febru.
airy 3, an act fixing the time for hold.
Ing terms OF the district court In the
NTH judicial district OF the territory
OF New Mexico. The following dates
for converting district court are set:
Carlsbad, the first Monday Of March
and the first Monday of September;
Portales, the first Monday OF April and
the first Monday of October: Roswell,
the third Monday Of April and the
third Monday of October.
House Bill No. 70, approved Febru.
airy 8. an act to establish an insurance
department in the territory Of New
Mexico and to regulate insurance COM
panies doing business therein. The act
is based on a similar act of Colorado
and provides for the creation of a ter.
ritorial insurance department. the ap
poinlment Of superintendent Of insur-
ance by the governor. who is to give
a bond of 500 900 and is to receive an
annual salary of s 2,40O. which is to be
paid out of the insurance fund, the sur
plus from which is to be turned into
the territorial purpose fund. Insurance
companies are to pay the following
fees: Filing certified copy of articles
of incorporation $50; filing power of
attorney and statement $50; copy of
charter and deed of settlement $50;
filing annual statement $40; certifi-
Gates of authority to transact business
in New Mexico So; certificate of au-
thority for use of agents So; for each
copy of any paper filed in the office 20
cents per folio; for affixing seal and
cer,ification of any paper 81. A tax of
two per cent Is levied or all prem.
iums collected in New Mexico. The ex
penses of the office outside Of the sal
airy of the insurance commissioner are
limited to $1,000 per year to be paid
out of the insurance fund. The act
provides penalties for it's violations
and provides for the regulation of the
insurance business in the territory.
I Council Bill No. 10. approved Febru
! airy 10, an act empowering cities and
towns to build street crossings and tc
assess the cost thereof against proper
ty wne Upon petition Of five ia,
payers, city authorities are authorized
to lay out crossing districts. After
hearings granted TO tax payers in such
district upon the question, the city
council or board of trustees shall de
termine what portion of the work is tC
be paid by each owner of real properl,
in the district and to assess each lo'
or parcel with its proportionate share
of such total amount, such amount te
be a lien upon the property, to bear {
per cent interest per annum.