Belen news. (Belen, N.M.) 1912-1947, 1920-10-21
a.. .DTEp iTp

A Der :. n &NIt Ell. MARTl ! Nf9n, n
M-A- Secretary Of State.
FHApTER tT2 ~,
6&x a. xcP Rk3flifS3SSp 3,F iBf6Sps tx TI3E
f I; AACGG,tSS GtS NEW MEXICO p
STAtE ~ ~ or TWO MILLION
THg SO ,, /" TO PROVIDE FUNDS
D0l4r nh ti2 coNsTRFCTION AND
ron FoEG, ItiI- Ictli,IT-,MEr5T OF STAT y
IMI%GoN, %$S}o, Lss ys = PR0SIDTNG A TAN
HlGS" SL'dR THE PAYMENT OF
+ 1rN>TTfEREsT r>TfE AND PR1NGiFnATrH IlDp nTHDR DF
4 SAID BoN3s AND foN
PURP0Sm 0GSnmSnittee Substitute for
fel,ass eanste BilfANo. So tass amenoed1'
se,", seInroved March II, 1912.
~ apri # enacted by the LEGISLATURE q
c,at. of Kew MeNco'
H. o,S,r o,;or For the purpose Of pro,
SEN Sso funds for thesconstruction ana
Elalls lsrempnt iof State Highways ana
rpiU, ,,,eefinr alIotments of Federal
n,.dc 10 the state under the Act
'ihGs C,,aress ores known as the Federal
IVs3 sid Act" an indebtedness OF the
.eia sOau Of o' New Mexico is hereby authnr-
lt,o n the SUM of two u Hon collars.
NV e.dt;on ~ M 2-Immediately after the
oe ';US Of the proclamation OF the
su,aS 4nn,or as provided in Section lO
rotgi" tIis act. the State Treasurer shah
nro .m negotiable coupon bonds OF
Stote Of New Mexico in the de-
.,im"tion nc of one thousand dollars
uii,''''o -, or surh smaller denominations
ot " less than one Nnndred dollars each
the Governor shall determine 70
numbered consecutively ana 70
ear date January 1st, 1921: saia
n onds saall bear interest at the rate
TiiT four per centunt per annum. pay
(. hlo seni-annually, on the first day
1uly and the first day OF January
och year and both principal and m
IN Dreet shall he payable in gold coin
W n its equivalent in lawful money OF
. Tnited States at the office of the
NJ k,ate Treasurer in the City OF santa
New Mexico, or at some bank in
. Ciy of New York, State of New
ark or such other place as may be
E esignuted in said bonds and in the
ounons attached thereto at the
ntion of the holder. The principal
said bonds shall be payable tc
searer thirty years after their date
nd II shall be provided in said bonds
hat they may be redeemed at the
ption of the state at any time aftel
In Years from their date: said bonus
mali be signed by the Governor, at
ksted bv the Secretary of State, undei
h seal or the state, and counter.
sned bv the State Treasurer. ant
kau he registered by the Statt
kudtor in a book to be kept by hin
br that purpose in which shall bt
4%htered the date, number, amount ant
eries of each bond sold and tht
mount for which the same shall hav'
cen sold. The full faith and credi
the State of New Mexico is heleb,
ledged for the prompt payment a
bamrity. Of the principal and interes
all the said bonds which may b
sued and sold as provided in tiii
tt.
II shall be provided in each bon,
issued that if it shall be callel
pr redemption before maturity motto
hereof in writing shall be given b.
b. State Treasurer to the bank des
Mnacd in thel honds as the alterna
ne place for payment. at least thirt
hls before Tie date fixed for relemp
0n aud in addition thereto mite
lrryol shall he published ~ the stat
telsurer ia a newspaper pttblishe
S;uta Er, New Mexico, and ais
newspaper published la the cit
New York, State OF New York. one
ach week for four successive week
eSt prior to the date fixed for re
emption and if amy bond 81 called fe
edemption be not then pl9 sented fe
ayment, it shall cease TO bear il
kreSt from and after the date S
lNed for redemption.
Section S-Interest coupons payabl
bearer Shall be attached to eac
said bonds and shall be col
fcutiyely numbered specifying til
lmber of tho bond to which the
fe attached and shall bear the litht
Maphed or engraved facsimile of ii
gnature of the State Treasurer
Ifee at the time when such bone
Ire prepared and printed, and sue
Moupons Shall he valid Obligations
he state Notwithstanding that Il
efSon whose signature appea
lereon may have ceased to he sue
Ia
a'e treasurer when snch bonds n
,o,,a5 poueu ana sold; and said BON
79sa ,S;. coVnters!gned and attested
synoJ ~p 5' ",5 PROV 'oed snail when du
uIu tbo aaa s. sold be valid obligation
Mo "n thn"aat n.a'e' altnough the issue al
sons go snsaeot sim,,;, ne made after the pc
estino ~ Sishils' countersigning and a
hn t 1ne same snail have ceas
nacti, 'ne lhcumbents Of their r
etShe tSis OFFICES; The bonds authoriz
rooa, on@ det snail be sold by the Sta
monNtS Snter at SUCH times and in SUI
''S tSn 5, aS the Governor shall dire
oycrndn @ m.snest bidder for cash. 7
the 'St Sto,' S''1ll al issue such directio
ucstcd Soy so IL 'r@'5''rer r sur, upon being I
he amount Of ga1,,s,sS,oh mnnar ,.h;si speeliy. !.
pss%s,t saias, osaiq co@missien @@aGn shan IA
burnosos I'm ttHne TO time for I