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

lne Iapitol Addition Building Bonds"
The faith and credit of the state ir
hereby pledged for the prompt pay
ment of said bonds and the interest
thereon rs herein provided. 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 thereof shall be
given by publication by the State
treasurer, IN u newspaper published
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 redemption be
not presented at the time requested |
it shall cease to bear interest from
and after the date so fixed for re-
denption.
Sec. .. Interest coupons shall be
attached to the said bonds and the
said coupons shall be ~consecutively |
numbered and shall specify the num-
Der of the bond to which they are at
tached, and shall be attested by the
autographed or engraved fac simile
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-
t%ersigned, endorsed and sealed as in
this act provided, shall sell the same
to the highest and best bidder, for
cash, upon sealed bids, ut 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 n hour stated therein, which
said notice shall be published once q
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. 7. S~eventy-fve (75) of said
bonds shall bear date the 30th day of
November, 1915, and seventy-fve (75)
of said bonds STALL 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 anne time and shall be issued
and delivered ut 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
IA 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, 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
and he 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
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. 9. 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
E purposes, an annual tax sufficient Ia
produce a sum equal to one years in
: terest on 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 n 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 tn,
state for the purpose in this act stat
ed, which said proceeds, or so much
thereof as may be necessary, shall bt
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 b,
4 and there is hereby imposed and leviet
. during each year after any of sait
!, bonds shall have run for ten year!
= after date thereof, during each yea
> any said bonds are outstanding an an
A nual a on all property IN the Stau
subject to taxation for state purposes
sufficient in addition to moneys de
rived from the sale of said lands ant
y held for such purpose, to pay the prin
cipal of the said bonds at maturity.
Sec. 10. That the taxes for tn
payment of the interest and ultimate
4 redemption and payment of said bonds
shall be levied and collected at tn
same time and in the same n IA
other taxes are levied and collecte
- in the state for other purposes, whic'
: funds provided for the redemption o
said bonds shall be kept separate i
"A fund for that purpose by the Stat
Treasurer.
l. Sec. II. The said Capitol Building
l. Addition shall be not less than wv
stories high, not less than n hur
l. dred and fifty feet long ard seventy
W five feet wide, and shall be erected n
ID the south end Of the present Capit'
Building, and not more than fifty fee
u distant therefrom, and shall be so al
,e ranged that the light in the secon
ID story of the present Capitol Buildin
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