Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1906-03-31
SCHOOL BOARD
TAKES ACTION
On Matter Of Bin to Amend
Territorial Laws Govern.
inc School Bonds.
Bill IS PRINTED VERBATIM
tFdday. March as1

Al the mccling Of the school board
held yesterday afternoon at o'cloca
in the office Of Justice OF the Peace
Cmig the purchase OF two lots adj
iaceut 10 ihc First ward school. in
the Highlands, was contaminated
which win Do used az Dlav
grounds. The lots were bought from
Emil Mann and viii be- deeply an
prcciatod PSI thc pupils of this ward
chonl. which heretofore has had no
playground attached
Aiilr discussing at me length the
proposition to send BIN to congress
Tor the purpose of having q bond is.
sue 90 raise funds with which 90 On.
large The Albuquerque public school
facilities the following bin was
drawn up and ordered sent TO Dele
gate AndrCwH with Instructions Tor
him % DO an In his power TO secure
The passage Of the AN.
The Oil.
An ACT to Amend an Act 90 Prohibit
the Passago Of Special or Local
Laws IN the Territories. 20 Limit
The Territorial Indebtedness and for
other Purposes
BE % Enacted by the senate and
House of Representatives OF the
United states Of America Ia Con.
gross Assembled;
That the act of congress approved
July 30. 1886. entitled. IAN act 70 pro.
hibit the passage of local or special
laws In The territories OF the United
states, 90 limit territorial Indebted.
ness and Tor other purposes" Is here.
by amended SO as 90 authorize the
Issuance of bonds by school districts
in the territory OF New Mexico hav.
Ing a bona nuo population of not less
than 5000 persona for purchasing or
building erecting and oquipplng nee.
cssary school buildings aud purchas
ing the ground FOR the same. The
limitations of said act of July 30.
lss6. shall not apply 90 such schooi
districts. provided. that before any
bonds shall he issued the mayor and
common council OF the municipal COZ.
poration. composing I'm whole or In
part such school district. shall cause
2n election f0 be- held In such dis.
tr.ct. and said mayor and common
council shall cause TO be published
iu "a uewgrapor OF general clrcula.
zion, published iu said district, a no.
tee OF the time and place OF holding
aucn election on the question oil
Dee Issuance Of said bonds no person
hall be qualified to vote except he be
0n an respects qualified elector and
owner OF real or personal property
subject 90 taxation within the school
district. ln ease tw0thlrds 81 the
qualified voters. as above described
who vote. shall vote ai1rmatvoly for
h' Issuance 90 said bonds. then the
mayor and common council shall Ger.
10y the result 90 the board OF odu.
'atlou, and said board shall issue the
same and not otherwise. Said bonds |
shall contain an necessary provisions
ls 90 form and such school district
hall provide a proper sinking fund
.or thO r"'ompilon of said bonds. Said
bonds shall not bear o. rate of inter. |
'st exec. Ing o per ccutum, and the /
interest shall bC paid somIauuually /
lu the INST day of January and tfI
July of DHch year, and none OF saiil
bonds shall De- sold at less than thoirl
lor yalu. provided, further. that eco I
school "a riot under this act shall
ssuo h0r'5 IN excess OF per ccutuW /
II the valuation according 90 the last |
preceding assessment OF the SCHOOL,
liatrict uing the same