Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-02-05

! Mexico, which is still pending before
the senate. The extension of this act
to New Mexico, he said. would result
Immediately in the beginning of work
upon a number of important irriga-
ton projects, which alone would far
more than repay the territory for the
mittee to Washington
He referred to the need Of a sew
enth judicial district, which he believ-
ed this committee could secure from
the present congress, and finally he
took up the proposed school bond is
sue. which he explained in detail If
the committee did nothing else. he
said. than secure the approval of con-
gress for this bond issue, it would
have done a great work. The COVER
nor told the house that the important
thing was to secure the money dur
ing the development period when the
needs Of the schools were greatest.
He presented the plan very briefly but
clearly and the comment upon it since
the close Of the afternoon session in
dieates that it will meet with the ap-
pr0Yal 0f very large majority OF
the members
The house caught the spirit and
after heartily applauding the COVER
nor's speech, and after appointing a
committee to escort him back to the
executive office, it proceeded to carry
out his suggestions, by the passage of
house joint resolution No 3. appro-
priating the sum of $500 to pay the
expenses of the committee of seven
Ito be appointed by the governor.
whose duty it viii he to carry out the
program in as far as they can as out
lined by the governor to the house
this afternoon.
The vote in the house upon the
resolution was unanimous
Following the joint session at which
DR., Edgar L. Hewitt and others advo-
Gated the proposed school of archae-
ology. the council also passed this
resolution under suspension Of the
rules. Messrs Hewitt and McBee
voting no
Mr. McBee explained that he had
not had an opportunity to consider
the resolution or the need for the
committee. Mr.. Upton, of the min
GRITTY. voted for the resolution.
The committee called for under
this resolution win be appointed by
the governor early in the next week.
1t will consist Of both republicans and
democrats. and its members will leave
for Washington during the week. The
governor has not announced yet def.
initely any of the members.
The following is the text of the
public school bond issue bin as intro
dueed in both houses this afternoon.
An Act to provide for an issue of
Bonds of the Territory of New Mex
leo for Common School Purposes by
Mr. Mecchem.
BE it enacted by the Legislative AS
sembly of the Territory Of New
Mexico:
Sec. /. Issue authorized An issue
of bonds as provided by this act, of
the territory Of New Mexico. In the
sum of five hundred thousand dollars
is hereby authorized and directed. the
proceeds. of the sale Of such bonds to
@ expended as hereinafter provided
Sec. >. Form of bond. Such bonds
shall be issued in the denomination
# one thousand dollars each, to be
Bonds; shall bear interest at the rate
Of four per cent per annum. interest
payable semi-annually on the first
days of January and July of each
year until maturity. principle and in
terest payable at such places as may
be agreed upon by the purchasers Of
said bonds in the city Of New York.
state of New York. or in the city of
santa Fe. territory of New Mexico.
such places to be designated and
named on the face Of the bonds: said
bonds shall be signed by the governor
and treasurer Of the territory. and
Countersigned by the auditor Of pub
l.c accounts. and shall be made pay
able in thirty years from July lst.
1903. but redeemabie at any time af-
ter twenty years from this date. and
such bonds shall be dated July lst.
1853.
Sec q. So much Of the income Of
the public school lands Of the terri
tory of New Mexico rs is necessary
I. ray the intcres- on said bonds, is
here by pledged to the uag lient Of the
same. and tho territorial treasurer il
hereby authorized and directed TO pay
sail interest out Of the income Of said
public school land. a. tna same shall
bc received by him ard FOR the final
redemption OF the principle Of said
bonds. there shall b. icged al the