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

ment OF SAID DOnuS anu tne interest
thereon as herein provided. IL the
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
in a newspaper published
in Santa Fe, New Mexico, once u 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
il shall cease to bear interest from
and after the date so fixed for re-
denption.
Sec. 5. Interest coupons shall he
attached to the said bonds and the
said coupons shall be consecutivelv
numbered and shall specify the num-
Der of the bond to which they are at
tached, and shall be attestcd 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-
tersigned, endorsed ard sealed as in
this act provided, shall sell the same
to the highest and Lest bidder, for
cash, upon sealed bids, ut not less than
par and accrued interest. 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 onc a
week for three weeks in some news
paper published in the State of New
Mexico, and q 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. 4. Seventy-fvc (75) Of said
bonds shall bear date the Both day of
November, 1918, and seventy-five (75)
of said bonds shall bear date the Slst
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. 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, 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 or 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 any of said bonds
shall be outstanding on all property in
the state subject 20 taxation for state
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 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 a sinking fund for the re
demption of said bonds there shall bt
and there is hereby imposed and levied
during each year after any of sale
bonds shall have run for ten years
after date thereof, during each yea
any said bonds are outstanding an an
nual tax on all property in the stat
subject to taxation for state purposes
sufficient in addition to moneys de
rived from the sale of said lands ant
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 ultimat,
redemption and payment of said bonds
shall be levied and collected at tn
same time and in the same manner Il
other taxes are levied and collecte,
in the state for other purposes, whicl
funds provided for the redemption o
said bonds shall be kept separate i
a fund for that purpose by the Stat
Treasurer.
Sec. II. The said Capitol Building
) Addition shall be not less than wv
stories high, not less than one hun
bred and fifty feet long ard seventy
/ five feet wide, and shall be erected y
the south end of the present CapitC
J Building, and not more than fifty fee
distant therefrom, and shall be 80 al
! ranged that the light in tho secon
e story of the present Capitol Buildin
= shall not be shut off, ana such add
: ton shall be so arranged that it ma
be heated from the heating plant sur