Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1905-02-04
THE MARTIN
RELIEF BILL
Governor 0tero Today Affixes
His Name to That Excellent
Measure.
is NOW A LAW
Provides Fund Of $4,000 to Succor
Thirteen Flood Stricken Counties
and to Protect Fsur Cities
With bikes.

In response to the demand or many
subscribers and readers of the New
Mexican, the text of the Martin Relief
Bill is printed below. This meritor-
ious measure was introduced by Coun-
Gilman Martin on February 2, in the
Council and passed both houses the
same forenoon, the Council by only
one dissenting vote, that of Council
man Catron, and the House by two
dissenting votes, those of Representa-
tives Neblett and Wight Governor
Otero promptly signed the bill on Feb
ruary 4, and as its fourteenth section
provides, it became law Immediately
upon Governor Otero's signature be-
ing affixed.
Council Bill No. 40.
An Act to provide for the issuance OF
certificates of Indebtedness for the
payment of appropriations for the
relief of flood sufferers, the building
of dykes, and for other purposes.
Be it enacted by the Legislative AS
sembly of the Territory OF New Mexi-
co:
Section 1. That to provide for the
payment of the appropriations herein
after specified there shall be an issue
of certificates of Indebtedness of the
Territory of New Mexico, the payment
for which certificates shall be pre-
scribed by the solicitor general of the
Territory; such certificates shall be
dated March 1st, 1905, they shall be
payable five years from their date with
the right of the Territory to pay them
at any time after the expiration of
one year from their date; they shall
be issued in sums of one hundred dol
lars or multiples thereof. They shall
bear interest at the rate of 6 per cent
per annum, payable semi-annually on
the first days of March and Septem-
ber; principal and interest payable at
the office of the territorial treasurer
The certificates shall be signed by the
auditor of public accounts and by the
territorial treasurer and the coupons
attached thereto for the semi-annual
interest shall have the engraved or
Autographed fac-simile signature of
the treasurer thereon.
The certificates herein authorized
shall be sold by the territorial treas
.urer at not less than par and the pro-
ceeds placed by the said territorial
treasurer in the territorial treasury to
the credit of special fund to be
known as the "Flood Sufferers Relief
Fund"
Sec. 2. To provide for the payment
of the interest and principal of the
certificates authorized by section l of
this act it shall be the duty of the
auditor to levy annually, beginning
with the year 1905 tax on all taxable
property in the Territory sufficient to
pay into the territorial treasury sum
sufficient to pay the interest and 20
per cent of the principal of said certifi-
Gates for each and every year for the
term of five years, and the auditor
shall certify to the respective boards
of county commissioners annually for
Ave years, the amount of the tax so
levied by him to provide for the inter-
est and principal as above set forth,
and annually at the time of making the
general law for assessments of taxes
for territorial and county purposes,
there shall be levied by the boards of
county commissioners of each county,
a levy to equal the amount so certified
to them by the auditor.
Sec. 8. After the expiration of one
Q) year and at the expirations of each
succeeding year for the term of five
years, from the first day of March,
1905, 1t shall be the duty of the terri
torial treasurer to publish a notice
once a week, for four consecutive
weeks, in some daily paper published
in the Territory, giving notice that 20
per cent Of the amount of certificates
authorized by this act and the inter-
est thereon will be paid on the pre-
sentation and surrender of such certifi.
Gates at his office, and that interest
will cease upon such certificates thirty
(30) days from the date of the first
publication Of such notice. The Ger.
tificates so to be redeemed, shall be
determined by lot and the notice so
required to be published by the treas.
urer shall describe such certificates by
giving the amount, day Of issuance,
series If they bear one, number there
of, and at the expiration Of said thir-
ty (30) days from the day of such
publication, of the said notice, above
required, interest shall cease on all
certificates named in such notice
Sec. 4. The certificates Of indebted.
ness provided for in this act shall be
numbered consecutively, beginning
with number one, for each denomina.
(contlnusd on Page eIsht.)