Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1918-10-15
CHAPTER 1903, LAWS OF 1917.

An Act Authorizing the Construction
of an Addition to the Capitol Build~
ing at Santa Fe, New Mexico, Max
ing an Appropriation Therefor and
Providing Bonded Indebtedness for
the Payment of the Same. and to
Create a Commission With Author
ity to Construct and Complete
Such Addition.
Committee Sub. for II. +. No. Sc; APP
proved March 10, 1917.
Be 1t Enacted by tho Legislature of
the State of New Mexico
Section T. That for the purpose of
constructing and completing an addi-
ton to the present Capitol Building at
Santa Fe. New Mexico. the Governor
shall appoint three reputable citizens
of New Mexico, not more than two Of
whom shall belong to the same politi-
cal party, as a commission. with full
power and authority to employ an
architect, and to let contracts for the
erection of such building to the lowest
and best responsible bidder, upon
thirty days published notice. letting
the same in one entire contract. or
portions thereof to different contrac-
tors, as in the judgment of the COM
mission may be most advisable.
Sec. 2. 1t shall be unlawful for any
member of such commission to become
or be, directly or indirectly, interested
in any contract so let. or to make any
profit, directly or indirectly. out Of
any such contract; or to furnish or
supply directly or indirectly, any la
Dor, material or other commodity used
in and about completing any such con-
tract or contracts. The members of
such commission shall be paid their
actual and necessary expenses in
Cured by them in and about such
work, but shall receive no further,
other or additional compensation.
Sec. 3. There is hereby approprlat-
ed out of the state treasury the sum
of two hundred thousand ($200,000)
dollars, or as much thereof as may be
necessary for the purpose of paying
for the construction and completion
of said building. said fund to be avail
able upon the sale of the bonds here
matter provided for.
Sec. A. For the purpose of provid-
ing funds for the erection of said adj
dition to the Capitol Building, there is
hereby authorized and created bond
ed Indebtedness of the State of New
Mexico in the sum Of two hundred
thousand (S200000) dollars, and there
shall be issued two hundred t200)
bonds of the denomination of one
thousand $4,000 dollars EACH Said
bonds shall bear interest at the rate
of four and one-half per cent per an
mum, which said interest shall be pay
able semi-annually in gold coin. or its
equivalent in lawful money of the
United States, on the first day of July
and the first day of January of each
year at the office of the State Treas
urer of the state of New Mexico. The
principle of said bonds shall be made
| payable to the bearer in gold coin, or
| its equivalent in lawful money of the
United States thirty years after their
| date, and it shall be provided by said
| bonds that they may be redeemed at
| the option of the state at any time
after ten years from their date. The
| said bonds shall state when and where
payable, rate of interest. and when
and where the interest shall pc pay
! able, and shall be signed by the Treas
urer and Governor. and shall be at
| tested by the Secretary of State and
bear the seal of the state and shall be
known as the capitol Addition Build
| ing Bonds" The faith and credit of
the state is hereby pledged for the
prompt payment of SAID bonds ana
the interest thereon as herain provld-
| ed. If the state shall elect TO exercise
its right to redeem any of said bonds
after ten years from their date. and in
advance of maturity, notice Thereon
shall be given by publication by tne
state Treasurer. in newspaper pup
lished in Santa Fe. New Mexico, once
a week for four successive weeks next
prior to the date fixed for redemption,
and If a 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 ior
redemption.
Sec. 5. Interest coupons shaii pc
attached to the said bonds and the
said coupons shall be consecutlvely
numbered and shall specify the num-
Der of the bond to which they are at
tached. and shall be attested by me
autographed or engraved lacsiiiiHe
signature of the state Treasurer
Sec G. The state Treasurer. when
the bonds authorized by this act to PEI