The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1907-02-28

Improvements remaining IN said coua-
ties of Chaves and Eddy; and also
to ascertain from the assessment rolls
for the year 1906 the value of all tax
able property embraced within the h.
mits of Artesia county SO taken from
Chaves and Eddy counties, and there
upon determine the amount of such
Indebtedness that may he due from
Artesia county to Chaves aad Eddy
counties respectively, less the amount
of cash on hand in each of aid coun-
ties to meet such Indebtedness, as
such conditions existed on the first
day OF January, A. d. 1907; and the
amounts so found to be due from Ar
tesla county to Chaves and Eddy coun
ties respectively by said commission
shall be final and conclusive on each
of said counties.
Sec. 6. For the purpose of enabling
Artesia county to pay to Chayes and
Eddy counties the amounts of its OBJ
legation and debts to them respective
ly as found and ascertained by the
commission provided for in section
five Of this act, the board of county
commissioners of Artesia county is
| hereby authorized and directed to is
| sue its coupon bonds of that county,
| which bonds shall bear interest at a
| rate not to exceed six per cent per
annum, payable semiannually; such
| said bonds shall be payable absolutely
twenty years from their date and at
the option of said county ten years
from their date; they shall be in
amounts of one hundred dollars (s10O)
each or in multiples thereof; they
| shall be signed by the chairman of
the board of county commissioners,
countersigned by the clerk of said
board, attested by it's seal and endors-
ed by the ~reasure of the county, with
the engraved signature of the clerk
of the probate court of said county
on the coupons thereto attached, and
shall be in form to be approved by
the district attorney for the county
of Chaves, Territory of New Mexico,
Sec. Z. Such bonds may be sold
for cash, at not less than a and
out of the proceeds of such sale the
Indebtedness of Artesia county to said
counties of Chaves and Eddy as found
by said commission shall be paid and
satisfied in full; and if such sale can
not be made by the first of January,
A. D.. 1908, then and in that case, said
bonds and coupons attached shall be
turned over to Chaves and Eddy coun-
ties in full settlement of the indebted
ness of Artesia county to Chaves
and Eddy counties respectively,
and it shall be the duty of the
board of County Commissioners
of Artesia county to annually
levy a tax sufficient to pay the
interest coupons coming due seminar
| nualIy upon said bonds, and in addf-
ton a sufficient amount to create a
sinking fund to pay said bonds when
they become due; which sinking fund
tax shall be levied annually from and
after five years after the passage OF
this act; SdAu Oonus sinai Uo '"o h
issued by Artesia county and the e
for the payment of interest shall be
the first made, and such bonds shall
be known and designated as "Artesia
! County Establishment Bonds" such
| bonds shall be dated h first day OF
| July. A. D. 1907, and he coupons shall
become due and payable semi-a1nual
! ly thereafter. The debt ascertained
J to he due from Artesia county to
Chaves and Eddy counties respective
ly. on the first day of January, 1908,
shall bear interest at the rate of six
per cent. per mum from that date
until the payment of the same in S
or in the taking of bonds and coupons