The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1918-10-17

The faith and credit OF the state Is
hereby pledged for the prompt pay-
ment of said bonds and the interest
thereon as herein provided. IL the
state shall elect t. exercise its right
To redeem any of said bonds after ten
years from their date and in advance
Of maturity, notice thereof shall be
given by publication by the State
Ire asurer, in "a newspaper published
IN janta Fe, New Mexico, once a week
FOR o u successive weeks next prior
to the date fixed for redemption, and
II a bond so called for redemption be
not presented at the time requested
It shall cease to bear interest from
and after the date so fixed for re-
demption.
Sec. 8. Interest upo shall be
attached to the said bonds and the
said coupons shall be consecutiyely
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 smile
signature of the State Treasurer.
Sec. g. The State Treasurer, when
the bonds authorized by this act to be
issued. shall have been signed, coun-
~tersigned, endorsed and sealed as in
this act provided, shall sell the same
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, 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 n 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. S~eventy-fve (75) of said
bonds shall bear date the 3Oth day of
November, 1918, and seventy-five (75)
of said bonds shall bear date the 3lst
day of May, 1914 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 rs 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 ganted to the state by Act
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
i m 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 II sinking fund for payment
of the principal thereof.
Sec. 3. 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 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 II, sum equal to n years in
terest on all such bonds then outstand-
ing, less the amount in the state treas
ury received by way of income, from
tho 1ntnI hAlAn 80 81. H. ,s $1,000
ed by Act of Congress as stated in
Section 8 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 ":.;d 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 a 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 run for ten years
after date thereof, during each year
~ Saiu oiit U outotdtiuliik dl du-
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 prin-
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. IL. The said Capitol Building
Addition shall be not less than two
stories high, not less than one hun
dred and fifty feet long ard seventy
five feet wide, and shall be erected at
the south end Of the present Capitol
Building, and not more than fifty fee,
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, ana such add
ton shall be so arranged that it may
ha haatad from the heating nlant SIM