Belen news. (Belen, N.M.) 1912-1947, 1920-10-28
cHAPTBIa 1T2

CHAPTER 1T2
- ,cT PRDyIDING FOR TIE
An Is,,tIr 1N 9lf,T or BONDS BY THE
lsSar9hTT11183l0F NEW MEXICO IN
!paE ~ r. srTM or TWO MILLION
hnlnIT,ARS TO, PROVIpE FUNDS
iG0B THE CONSTR 5l'rI0N AND
INPROVEMENT Q + $ 7 4 Z =.
HIGHWAYS, T PROVIDING 4 TAN
IVY FOR ITHE PAYMENT oE
SyTt,REST AND PRlNClPAL OF,
SAID BONDS AND FOR orHsh
rRPOSIS.,sfi' 81 ai " -.
Senate Committee SUBSTITUTE iof
senate Till No. Sc (as amenaed' :
lnneoved Marchg17, 1919.
}e it enacted by the Legislatnfetot
4ho state of New Mexico:
section 1--For the purpose OF pro,
1.-Two funds for the construction and
ir,nroyement ta%,ro OF State Highways and
rnr meeting allotmente Of Federal
tnnds made 10 the state under the Act
- congress Known as the Federal
bs;,i {id Act Tan indebtedness of the
SIat# of Now MsSicn is hetebS AuthSf-
i,od in the sum OF two nlii.s9i collars.
section 22Immediately after the
iss,iine of Characterization OF the
Governor as provided III Section 10
Of tbis act the State Treasurer shall
Dranare negotiable coupon bonds of
the state Of New Mexico in the de-
domination of sonc thousand dollars
Zach or such smaller denominations
NOT less thalrpaips hundred dollars each
ns ,iS tho Goy3SSssBS Shall determine, to
bp nuptbeiASf Snseeptlyely s4fiH to
bsar datts FsHfftiify list. 1881: said
bonds shaIfs1Ss fnterest at the rate
Of four per cefybnm per annunl, pay
able semi 81 .iie
OF July aile tnsst4,S. usss
each year. 4, X 81,
terest Shilis J,'S a'sss ssgso =, ssoAa Il
or its equyadel lts i,ohss ~. ~
the tnitedsstate i9t me odtlee oI me
state va ns y bssi. l.,
re- NJ" fSiIi ~ Co. - N+,',,,
me NlA tf.!o q, - ,sss; i5s
ofE, " si s1ss3s Tia ss,i 4, 4i,Ss
peslsA!sea u ste ~ t3te.' H.;
co4.,ois ..s,.s,'9 m,
op'loh ol tlfc 81; io pi't.N -, =,
oi sad i2ls ~ is,Ss Ny -
bearer 4ises 80
anu y & sl,.'Dg ,.e & Sd V,sT' "a,
that theE aanN, ne Ie'lecilis.' - = = .ite
option OF tie slsie.at alay llshe a.,'i' aieg'
zen years lIslAe s,stss Ss'ls ,oiaSsa
shail ne Wy y ~ Y.
tested ny VIZ - .2ss'ss, uilN.e
mo sea- osz.iIg ~. ,lllu ~
ll, sisnsu ia eS ge; M eeSi.rsi ths ctata t,tt,
S'lan p9 seS'it ~ &, ~ -,
Auuitol III 81 ~ l1 = X.
lof tlat Ruipose ~ Wllich saati ~. %
entered tiig9ttte' ahll,oer' ai''oun, x,,.. ~,
series oi 5seeii ponu so'u az" l..ie
amount lorsWlilell t,ls s.ille si.,tl liaN
Deen SOFA. 3 iilH = ',iF 5ai'i. ",iu e,Y.ai'
oi tie s'se8 =, ~ 1890 - tetsn9
pittss. iof ihe anpil.pt p''S l's'.l' !,
lii"t9iiS y lile p.lii,i.'i ,'ilp ,
~ an llle ssals DoIs'ls Will may =
t9stit' t'i'' Hoiu ae pi"Ni"''A =" 'i'''
'' .l.,e
'i'.'ii NJ piostsssu - ~ ~ II. u l,,i'9
81 lssueo {lilIt - y SiiSh ps cl.ie'' J..''
tSeroof S tefeop,,ut pssoi iiia1uiig noiles ~
thefeol lh4 v Wllllils sllaii " eiNGi' -
the state Treasurer to the BANK dSs-
isIlatea IN. me ponus as tas ailerha-
i've pace Tor payment at ieast 1illirtN 1T
apES ne'9re the eatetiNe'i TOT fst.eaflP
u' tol' ,',n9 ~ an hnulti0h on t,lrfeto hosiee
sneleo' siiall pe pupi'saed " tiae Sii''s
/, Ssuie' t,t ~ ~ :, le"spspeI pupiiei,cu @
i III str ~ lsllSes,foi Us t'la sisl
+ :. ue eSoRSi' puti'tSitH Y we wy
- ~ ~ 0eateeoi .NeM oIh, oiiee
@ a''.n NceN lof iouf sucCSss.Vc weeks
'ioi3l leA. plioI 70 ene aite ilNeu LOT re-
p'ioii tsiu , u any poiiu 80 eaileu sloi
illi'tioitsss's 9ol liisll presented iot
p1H 'lieilt' snail cease 10 pear M
NE l"H anu at'er tue utte -
g" S4i tol reoenlptlon'
. 'Loeioii l o[lmterest coupons payapie
~ "satei si Anall pc stttacned 70 sslcn
gas.sf!'t pohus anu shall PC CON
GitisFlS fhiiiih.pefea; specifying tne
t'pi",'eI i,the bond. 10 Wnlch they
,a. a st'so tisH anu shail pear the ntho-
sio't S,"r,teu oSs llsit-Fea Iaesimile OIL the
o,3,'''ule nff;ne NJ ths state easurers II
oi,'ee at the ftihle ~hen such bonds
l,,,,,.p', p.eP"ie,. ana printed. ana sucI
'"na S''aii pe Nalld obhsatiohs OF
ners,,' S,'''e holNlthstandlng, mat tht
tbaroo,, on whose sighature appear
stato iateo1, T may nave ceased TO be secf
igsnIta 'easuret ear, Wheh such bonds art
Siaba5 anu soAi anu sa,H ponds
+ te;,!l cotliitefsighsed ana attested al
iys,,aI ,liiS dc.i pfoNlded snail, when duly
Of u ~ 4ilu 1 sola pc valid obligation:
s,, ''e :, n'ate, aithoush the issue ane
s" llle.eoi be hiade after the per
,osri, fo,iG 80 SIGNING, eonntersi9ning and at
u 9'i,s h the same SHAH have ceasef
snanti, 'lle ihcllInpenis Qf their. re
rSt1Ae 6r' Nv oillees. The bonds authorized
Tso e''iS lcl sllall he sold by the STATE
inta,,t.I iSs'ter ~ sucH times and in sucf
alhouhtS asstht EUvefnor Shall direc
Gorarnani nisnesi ii pIuder Tor cash. Th'
duested sa :, ~, Ss'9"isl upon petns re