Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1918-10-08

to the highest ana pest D.dueTa IOG
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
day and hour stated therein. which
said notice shall be published once
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. T. Seventy-five (75) of said
bonds shall bear date the 30th day of
November, 1918. and seventy-five go
of said bonds shall bear date the 31st
day of May 1919. and fifty 600 of
said bonds shall bear date December
31st, 1919. All of said bonds shall be
sold ut 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, s. That to paw 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 were granted to the state by
Act of Congress, entitled "An Act to
enable the people of New Mexico to
form a 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 Jul
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 shall 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 9. To provide for the payment
of the interest on the bonds issued
pursuant to this act there shall he
ana lIltIt ~ iltItbA Ii1lDOStu anu ley
led during each year any of said bonds
shall be outstanding on all property in
the state subject to taxation for state
purposes an annual tax sufficient to
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 a
sinking fund for the payment of the
principal of said bonds the State
Treasurer shall retain and use for
such purpose all the proceeds de-
rived from the sale of the land so
granted to the state for the purpose
in this act stated, which said pro-
ceeds, or so much thereof as may he
necessary, shall be applied exclusively
towards the payment of the principal
of the bonds authorized by this act
and to further provide for sinking
fund for the redemption of said bonds
there shall be and there is hereby i'm
posed and levied during each year
after any of said bonds shall have run
for ten years after the date thereof,
during each year any said bonds are
outstanding an annual tax on all
property in the state subject to taxa
ton for state purposes, sufficient in
addition to moneys derived from the
sale of said lands and held for such
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
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 be not less than two
stories high not less than one hun
dred and fifty feet long and seventy
five feet wide. and shall be erected at
the south 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 he shut off. and such addi-
ton shall be so arranged that it 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 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
1T, and when completed shall be occu-
pied by the State Library state Su-
preme Court and all offices connected
and the Attorney General
Sec 2. The said commission shall
have full power and authority to do
any and all acts deemed necessary
and proper in and about the construc.
ton of said building. the determine
ton, and adoption of plans therefor
and the arrangement thereof, and
shall draw its voucher in the proper
form for the payment of all indebted
ness contracted in and about said
work and building on the State Audi |
tor, and the State Auditor shall draw
his warrant on the State Treasurer for
the payment and the State Treasurer
shall pay the same on presentation
thereof out of the funds realized from
the sale Of said bonds hereby author
lied
Sec. 10. The members of such COM
mission shall qualify by taking the
oath required by other state officers
and shall hold their offices until the |
rom nlation of said addition ,,,1ass no