The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1918-10-31

u III ~ oHADth UuDlAHttt
in Santa Fe, New Mexico, once o weel
to the date fixed for redemption, AM
II n bond so called for redemption b.
not presented ut the time requisite,
II shall cease to bear interest from
and after the date so fixed for re
demption.
Sec. s. Interest coupons shall b,
mum, which said interest shall be pay
able semi-annually in gold coin, or IL
equivalent in lawful money of tn,
United States, on the first day of Jul,
and the first day of January of eacl
year at the office of the State Treas
ure- of the State Of New Mexico. Tn,
principal of said bonds shall be mad,
payable to the bearer in gold coin, OF
It's equivalent in lawful money of tn,
United States, thirty years after theil
attached to the said bonds and tn,
said coupons shall be ~consecutivelN
numbered and shall specify the mum.
Der of the bond to which they are at.
tached, and shall be attested by the
Autographed or engraved fac similC
signature of the State Treasurer.
Sec. 6. The State Treasurer, wher
the bonds authorized by tins act to be
issued, shall have been signed, coun.
t%ersigned, endorsed ald sealed as in
this act provided, shall sell the sam,
to the highest and best bidder, fol
cash, upon sealed bids, at not less than
par and accrued int est. Notice OF
such proposed ale shall be given by
the State Treasurer, by publication, in
viting sealed proposals thereon, at a
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 a 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-ive (75) Of said
bonds shall bear date the 30th day OF
November, 1918, and seventy-tive (75)
of said bonds shall bear date the 3lst
day of May, 1919, and fifty (50) of said
bonds shall bear date December 3lst,
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, furnishing, equipping and
completing said Capitol Building Ad-
dition.
Sec. s. 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, al the income derived
from lands belonging to the state
of Congress, entitled IAN Act TO en-
able the people OF New Mexico to form
a Constitution and state government
and be admitted into the Union on an
equal footing with the original states,
approved June Goth, 1910" For Leg
islative, Executive and Judicial pub
lie buildings heretofore erected in said
Territory, or to be hereafter erected
in the proposed states, and for pay
ment of the bonds heretofore or here
after issued therefor" which said in
come shall be applied toward the liquid
alton of the interest on said bonds, and
to create a sinking fund for payment
Of the principal thereof.
Sec. 8. To provide for the payment
of the interest on the bonds issued
pursuant to this act there shall be and
there is hereby imposed and levied
during each year n of said bonds
shall be Outstanding on all property in
tho Ctntn GtNhfnaf 90 NnzyasFA. g.. ..a4a
purposes, an annual tax sufficient to
produce a sum equal to n years in
terest OH all such bonds then outstand-
ing, less the amount in the state treas
ury received by way of income, from
the land belonging to the state grant
ed by Act of Congress as stated in
Section s hereof; and to provide a sink
ing fund for the payment of the prin-
cipal of said bonds the State Treas
urer shall retain and use for such
purpose all the proceeds derived from
the sale of the land so granted to the
state for the purpose in this act stat
ed, which said proceeds, or so much
thereof as may be necessary, shall be
applied exclusively towards the pay
ment of the principal of the bonds au-
thorized by this act; and to further
provide for n sinking fund for the re-
demption of said bonds there shall be
and there is hereby imposed and levied
during each year after any of said
bonds shall have u for ten years
after date thereof, during each year
any said bonds are outstanding an an
nual tax on all property in the state
subject to taxation for state purposes,
sufficient in addition to moneys de-
rived from the sale of said lands and
held for such purpose, to pay the pr;n-
cipal of the said bonds at maturity.
Sec. 10. That the taxes for the
payment of the interest and ultimate
redemption 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 Cap.col Building
Addition shall be not less than TWO
stories high, not LEES than one hun,
dred and fifty feet long ard seventy.
five feet wide, ard shall be erected n,
the south end of the present Capito.
Building. and not more than fifty feet
distant therefrom, and shall be 30 ar,