The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1918-10-24

ty days published notice, letting the
same in one entire contract, or por-
tons thereof to different contractors,
as in the judgment of the commits
sion 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 labor, ma
| terial or other commodity used in and
about completing any such contract
or contracts. The members of such
commission shall be paid their actual
and necessary expenses incurred by
them in and about such work, but shall
receive no further, other or additional
compensation.
Sec. 3 There is hereby appropriated
out of the state treasury the sum of
two hundred thousand $500, 000) dol
lars, or so much thereof as may be
necessary for the purpose of paying
for the construction and completion
of said building, said fund to be avail
matter provided for.
Sec. 4. For the purpose of provid-
ing funds for the erection of said ad.
dition to the Capitol Building, there is
hereby authorized and created u bond
ed Indebtedness of the State Of New
Mexico in the sum Of two hundred
thousand $500, 000) dollars, and there
shall be issued two hundred (200)
bonds of the denomination Of one
thousand Is. ,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 s"emi-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
principal 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 af-
ter ten years from their date. The said
bonds shall state when and where pay
able, rate of interest and when and
where the interest shall be payable,
and shall be signed by the Treasurer
and Governor, and shall be attested by
the Secretary Of State and bear the
seal of the state and shall be known as
the Capitol Addition Building Bonds"
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. Ii 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 thereof shall be
given by publication by the State
treasurer, in a newspaper published
in Santa Fe, New Mexico, once q week
for four successive weeks next prior
to the date fixed for redemption, and
If a bond so called for redemption be
not presented at the time requested
IT snail cease TO bear interest from
and after the date SO fixed for re-
demption.
Sec. D. Interest coupons shall be
attached to the said bonds and the
said coupons shall be consecutively
numbered and shall specify the num-
ber. OF the ,ond to which they are at
tached, and shall he attested by the
autographed or engraved fac smile
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
this act provided, shall sell the sam.
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 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-fve (75) of said
bonds shall bear date the Both day of
November, 1918, and seventy-fve (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
u separate fund for the purpose of the
construction, furnishing, equipping and
completing said Capitol Building Ad-
dition.
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 were ganted to the state by Act
Of Congress, entitled "An 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, 1870" "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