Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1918-10-22

~'hNAAAcA " NiiC plOOus ENhAbllS Inv
advance of maturity, notice thereof
shall be given by publication by the
State Treasurer, in a newspaper pub
lished in Santa Re, New Mexico. once
a week for four successive weeks next
prior to the date fixed for redemption,
and if q bond so called for redemp-
ton be not presented at the time re-
quested it shall cease to bear interest
from and after the date so fixed for
redemption.
Sec. 5. Interest coupons shall be
attached to the said bonds and the
said coupons shall be consecJtively
numbered and shall specify the num-
Der of the bond to which they are at
tached, and shall be attested by the
autographed or engraved fac-simile
signature of the State Treasurer.
Sec. 6. The State Treasurer. when
the bonds authorized by this act to be
issued, shall have been signed. coun-
tersigned, endorsed and sealed as in
to the highest and best bidder. for
cash, upon sealed bids, at not less
than par and accrued interest Notice
of such proposed sale shall be given
by the State Treasurer. by publication,
inviting sealed proposals thereon at
q day and hour stated therein. which
said notice shall be published once a
week for three weeks in some news
paper published in the State of New
Mexico, and like notice published in
some financial journal in the City Of
New York; the last insertion of such
notice shall be made not less than
seven days before such date SO fixed
for such sale.
Sec. Z. Seventy (75) of said
bonds shall hear date the 3Oth day OF
November 1918, and seventy-five (75)
of said bonds shall bear date the 3fst
day of May. 1919. and fifty (50) of
said bonds shall bear date December
31st, 1919 All of said bonds shall be
sold at the same time and shall be
issued and delivered at the times and
in the amounts as specified in this
act, and the proceeds realized from
| the sale Of said bonds shall be turned
over to the State Treasurer to be kept
! by him in a separate fund for the
| purpose of the construction, furnish
| ing equipping and completing said
| Capitol Building Addition.
! Sec. 8. That to pay the interest on
said bonds as it shall become due, the
| State Auditor and the State Treasurer
shall transfer to the interest fund
which shall be used exclusively for
such purpose. all the income derived
| from lands belonging to the state
which We're granted to the state by
Act OF Congress. entitled IAN Act tc
enable the people of New Mexico to
| form n Constitution and state govern
ment and be admitted into the Union
on an equal footing with the original
states, approved June goth. 1910"
"For Legislative, Executive and Ju-
dicial public buildings, heretofore
erected in said Territory, or to be
hereafter erected in the proposed
| states, and for the payment of the
bonds heretofore or hereafter issued
therefor" which said income shah be
| applied toward the liquidation of the
| interest on said bonds, and to create a
sinking fund for payment of the prin-
! cipal thereof.
| Sec. 0. To provide for the paymen
| of the interest on the bonds issued
pursuant TO this act there shall be
and there is hereby imposed and lev
| led during each year any of said bonds
| shall be outstanding on all property ir
| the state subject to taxation for state
purposes, an annual tax sufficient tC
| produce a sum equal to one years in
| terest on all such bonds then out
standing, less the amount in the state
treasury received by way of income
| from the land belonging to the state
| granted by Act OF Congress as stated
| in Section s hereof: and to provide q
sinking fund for the payment Of the
| principal of said bonds the State
| Treasurer shall retain and use foi
| such purpose all the proceeds de
rived from tho sale of the land Sc
| granted to the state for the purpose
! in this act stated. which said pro:
ceeds, or so much thereof as may be
| necessary, shall be applied exclusively
| towards the payment OF the principa
of the bonds authorized by this act:
| and to further nrovide for a sinking
| fund for tho redemption Of said bonds
there shall be and there is hereby inn
posed and levied during each veal
after any OF said bonds shall have run
for ten years after the date thereof
| during each year any said bonds are
outstanding en- annual tax on all
property in the state subject to taxa
ton for state purposes. sufficient in
addition to moneys derived from the
purpose, to pay the principal of the
said bonds at maturity.
Sec. 10 That the taxes for the pay
ment of the interest and ultimate re-
demption and payment of said bonds
shall be levied and collected at the
same time and in the same manner as
other taxes are levied and collected
in the state for other purposes. which
funds provided for the redemption OF
said bonds shall be kept separate in
a fund for that purpose by the State
Treasurer.
Sec. II. The said Capitol Building
Addition shall he not less than two
stories high. not less than one hum
dred and fifty feet long and seventy
five feet wide, and shall be erected al
the soutk end of the present Capitol
Building, and not more than fifty feet
distant therefrom. and shall be so ar
ranged that the light in the second
story of the present Capitol Building
shall not be shut off. and such addi-
ton shall be so arranged that il may
be heated from the heating plant sup
plying the present Capitol Building
and such addition shall be connected
with the present Capitol Building on
the ground floor by a passageway
properly constructed, according to the
plans and specifications of the archi-
tect, and said addition shall be as
near fireproof as it is possible to make
it, and when completed shall be occu-
pied by the State Library, State Su-
preme Court and all offices connected
Herewith, and the Attorney General.
Sac 10 Tho cold oor, -, see;1,, eha II