Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1905-04-01
BILL THAT
BECAME LAWs
cnAprER 7o

This u the Greer corporation law,
based upon a similar act In force In
New Jersey. II IL the longest law up.
on the New Mexico statute books. Ar.
tlcie ]. defines the powers OF corpora
tions; article 3. their formation, ccnHti'
.ation. alteration. dissolution: article
3, elections. stockholdcrs' meetings;
article 4. dividends and payment OF
capital stock: article o, the winding up
Of corporations. article G. executions
against corporations; article 2. insoly-
oncy; article s. service Of process; ar
tlclo ?. remedies against officers and
stockholders; article 10, foreign cor.
poraiions article n, merger OF corpor.
atoms; article ~, lost certificates Of
stock. article rs. fees on filing Ger.
tihcates and sundry provisions. The
law covers III printed pages.
CHAPTER so.
An act amending section AIS OF the
complied laws OF New Mexico Of 1897.
II. b. No. i65.
The act increases the minimum hne
from % 10 t25 for the compromising Of
prescriptions by any one but a regis.
erod-rharmaclst and fixes the penalty
for a second onenae nj from 500 20
$500.
CHAPTER 81.
An act entitled an act 20 amond
section 1871 OF ohapte. I Of the CON.
piled laws OF 1897, relating to school
house bond loviea. N. w. No. 10.
The act authorizes boards OF school
directors TO issue bonds not 20 exceed
four per cent OF the total valuation OF
the school district for erecting and
completing school houses. The bonds |
~ rttu Frf.t,. furuwfu o.. tAfFfv /
years and are not TO bear more than |
six per cent interest.
CHAPTER 50.
An act 20 amend section 1854 OF the |
complied laws OF 1897 OF this terri |
tory, and 10 provide a manner OF max. |
ting claims for exemptions In justice |
courts. G. h. No. G3
The act provides that claims for OK
omption from execution may be- made /
before justices OF the peace by Aft. /
day!t settling forth the particular prop. /
erty or debt claimed 10 be exempt and 1
the grounds OF such exemption and /
making such claim al any time before
sale or before money gRrnishcsd has |
been paid over to the plaintiff. Tho |
Justice shall Issue notice OF such claim
and fix time Tor hearing such claim AZ
not less than one nor more than three 1
days after service Of the notice. Tho
balance Of the statute provides for the /
mode Of procedure Ui hearing such \
claims and OF taking an appeal TO the
district court.
CHAPTER 80.
An act with reference 10 the doing
Of assessment work upon mining
claims G. y. No &c.
The act provides that whore mining
property Is Involved In legal contr0
vorsy and upon which assessment
work Is necessary 10 prevent the for.
fixture OF the claim, upon petition TO
the court the petitioner shall be On.
titled TO an order permitting him TO
enter upon the property 20 dc such
work. Upon the doing Of such assess
nent work the property IN controversy
shall not be subject TO relocation as
against the parties 10 such auh.
CHAPTER So
An act 20 compel certain prisoners
10 do public work In Incorporated
cities and towns. G. u. No. 81.
The act authorizes authorities OF
cities and towns 20 compel municipal
prisoners 20 work upon tho public
streets or do any other kind Of public
work u IL the duty Of the comfy
taller to denver such prisoners - the
city marshal Upon written or'.r from
the mayor.
An act - amend section 2 OF chap.
ter 81 ~ the acts 81 the thirty-fifth
Legislative assembly of the territory
of New Mexico Q. h. No. S.
The act provides that county or ter.
rltOrial ollclaic going on bond for each
other shall be subject to removal by
CHAPTER SO.
An act to prohibit tho riding OF bi.
cycles upon sidewalks Of unincorpOrat.
ed towns. G. u. No. i0i,
The act prohibits the riding OF bi.
cycles upon the sidewalks Of incOrpor.
ated municipalities. maximum fine
OF % IL provided by the act.
CHAPTER 81
An act TO authorize the issuance OF
bonds by the county of Luna, for the
purpose OF paying on and discharging
hs proportion 81 the debt Of the orig 4
lnal counties of bona Ana and Grant /
as adjusted. G. y. No l8i.
The act ratifies the adjustment OF /
the indebtedness between the county \
OF Luna and tho county OF Grant for
| e5i ,66i.S3. and county OF DOna Ana
ta,d7ii7, and authorizes the county OF |
Lama 10 issue bonds TO pay on sush |
indebtedness, the bonds TO be Of the 4
denomination Of 81 600 each, 20 bear
Ave per cent interest, payable on Jan.
! uary 1 and July 1 OF each year IN gold T.
coin. After twenty years. In addition |
20 the annual levy 90 pay interest. a !
sufficient levy shall he made by the |
county commissioners 20 provide for |
sinking fund To pay on the bonds dur. /
ing the remaining ten years. When. /
ever the sum OF 81 900 has aeeumulat. /
ed In the sinking fund 4 shall he used |
for the payment OF one bond deslguat I
Cd BY lot Luna county may also de- |
liver to the counties OF Grant or Dona |
Ana such bonds a. they may accept In /
discharge Of siich Indebtedness. the
delivery 10 be made at par Until such |
bonds are Issued, the county OF Luna /
IL to levy a tax to pay six per cent Ia.
tereat on rs indebtedness 20 the couh-
ties of Grant and DOna Ana.