Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1907-02-08
FULL IEXT0f BILL
FOR COUNTY Division
Act introduced in the Legislature by Representative Den
nistol to Create Garfield County Out Of What is
known at Present as San Miguel County.

duties as such officers. aud the off
GERS 80 appointed shall ssEve until the
ieleetion Of their successors. who shall
be elected at the next general election
for such officers. and the Governor
shall likewise appoint officers 20 fill
any vacancies caused by the failure Of
any such appointees TO qualify M ~.
Quired by law.
Section s. The Auditor. Treasurer
land Solicitor General OF the Territory.
shall constitute q commission for the
purpose Of ascertainlng what portion
lof the public debt Of San Miguel eoun.
lty shall be assumed and paid by Gar.
field county. They shall meet fsir
that purpose on or before the first day
of June. 1907. and shah proceed 20 as.
certain list. the total Indebtedness
iof San Miguel county; End. the amount
of money on hand applicable to the
payment Of any portion OF said In
debtedness: 3rd. the value Of all per.
manent public improvements. the prop
erty Of the county. which with remain In
San Miguel county: 9Th. the value Of
all permanent public Improvements.
the property Of the county. which viii
be within the limits OF Garfield eoun-
Ity: 9Th. the total amount OF tho valua.
ton Of property for the purposes d:
taxation as shown by the assessment
rolls for the year 1906, which win re.
main within the limits OF the two
counties respectively. They shall then
deduct from the total Indebtedness of
san Miguel county the amount Of m,n.
ey On and, a. aforesaid. the value Of an
lpsrmanent public improvements which
wiIf remain IN San Miguel county oF
Garfield county. and the remainder
will be the amount Of the public H..
,debtedness 10 be apportioned and diHIi.
ed between the two counties. They
will then appOrtion and divide said in.
,debtedness between the two counties
In the same proportion as the total
valuations Of property In the two codn
ties. ascertained as aforesaid. may
: ton assigned TO Garfield county shall
be- added the value Of all permanent
public improvements. the property OF
the county within the limits of said
Garfield colnty,-a the sum thus oh
tanned shall constitute the amount of
such Indebtedness to be assumed ami
paid by Garfield county: aud any
money, bonds. securities or promises
to pay issued by Garfield county for
tho payment Of said portion Of said In
debtedness shall be applied solely 10
the payment Of the bonded indebted.
ness OF the county of San Miguel. The
said commission shall keep record Of
It's proceedings and shall furnish q
certified copy thereof to each OF sa: !
counties and the award OF said com
mission shah DO final and conclusive
on both counties.
Section 6. For the purpose of enab-
ling Garfield county to pay to San
Miguel county the amounts Of it's oh
Legations and debts, as found and as.
certained by the commission provided
for In Section OF this act, the Board
of County Commissioners of Garfield
county 10 hereby directed and author.
lied to issue Its coupon bonds of that
county, which bonds shall bear inter
est at not exceeding five per cent.
per annum. payable semi-annually !;
such bonds shall be payable absolutely
twenty years from their date. and at
the option of said county after ten
years from their date; they shall be in
amounts of one hundred (s10000) dol.
EtALH va
shall be signed by the Chairman of
the Board of County Commissioners,
countersigned by the clerk OF said
board. with the seal OF said county
thereunto affixed, and endorsed by the
treasurer of the county,-~with the en-.
graved signature of the Clerk Of Pro.
bate Court Of said county on the coup.
ons thereto attached. and shall be In
form to be approved by the district
attorney of the Fourth judicial dis.
trict of the Territory of New Mexico.
Section T. Such bonds may be sold
for cash at not less than par. and out
OF the proceeds of such sale the In
;debtedness of Garfield county to the