New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1921-07-08

IN the coupons thereto attached, al
the option of the holder.
Said bonds shall be signed by the
Governor, attested by the Secretary
OF State under the seal Of the state
and countersigned by the state treas
urer, and the full faith and credit
OF the State of New Mexico is here
by pledged for the prompt payment
at maturity of the principal and in
terest of all of said bonds which may
be issued and sold as provided in this
Act.
Sec. 3. The principal OF said bonds
shall payable to bearer, or, if re-
gistered as in this Act provided, to
the registered holder, thirty years
after their date. and it shall be pro-
vided in said bonds that they may
be redeemed at the option of the
state at any time after ten years from
their date. 1t shall be provided il
each of said bonds that if it shall be
called for redemption before maturity
given by the state treasurer to the
bank designated in the bonds as the
alternative place for payment at least
thirty days before the date fixed for
redemption, and that notice thereof
shall be published by the state treas
urer in a newspaper published in the
said City of Santa Fe and also in a
newspaper published in the said City
of New York once a week for four
consecutive weeks next prior to the
date fixed for redemption, and if any
1911 90 ,,11nJ Co., .aIa,,o he not
then presented for payment, it shall
cease to bear interest from and after
the date so fixed for redemption; and
if any outstanding bond be not pre-
scented for payment at maturity il
shall cease to bear interest after ma
turity.
Sec. 4. Interest coupons payable
to bearer shall be attached to each
OF said bonds and shall be consecu-
lively numbered specifying the num-
Der of the bond to which they are
attached. Said coupons shall bear the
engraved or autographed fac simile OF
the signature of the state treasurer
in office at the time said bonds
and coupons are prepared and
ordered to be engraved or litho-
Igraphed and such coupons shall be
valid obligations of the State not
withstanding that the person whose
signature appears thereon may have
ceased to be such treasurer when
such bonds are issued and sold and
said bonds, when duly signed, attest
ed, eountersigned, issued and sold as
in this Act provided shall be valid
obligations of the state although they
may be issued and sold after the per-
sons signing, attesting and counter
signing the same shall have ceased
to be the incunbents of their res
p%ective offices and although the state
treasurer countersigning said bonds
be a different person than the per-
son whose fac smile signature ap-
pears on the coupons.
Sec. :. The bonds authorized un-
der this Act shall be sold by the state
treasurer at such times and in such
amounts as the governor may direct,
to the highest bidder for cash at
not less than par and accrued inter
est to date of sale. The governor
shall issue srch directions to the
state treasurer from time to time upon
being requested so to do by reso-
luton of the State Highway Commits
sion specifying the amount of money
required for the purpose for which
such Indebtedness is authorized. The
state treasurer shall publish a notice
of the time and place of sale in a
newspaper in the City of Santa Fe,
State of New Mexico, and also in
one newspaper published in each OF
the Cities of New York, State of New
York, and Chicago, State of Illinois,
once each week for four CON
secutive weeks next prior TO the
date fixed for such sale, the
first publication thereon to be
at least thirty days prior to the
day of sale. Such notice shall spe-
city the amount, denomination. ma
turity and description OF the bonds
to be offered for sale and the place,
day and hour at which sealed bids
therefor will be received,
At the place and time specified in
such notice the state treasurer and
the governor, or, in his absence, the
President or some officer of the state
Highway Commission. shall open the
piaS III puDNc ana ShaIl award me
pohds or any part thereof to the bid
der or bidders offering the highest
price therefor SAID ponds shall ne
sold in consecutive order and no bid
wil be accepted winch IS less than
i1e par value OF SUCH bonds plus the
interest accrued rom the last pre-
cedlng interest date to the date OF sale.
before deilVering any n sold the
STATE treasurer shaI detach theretrom
ana cancer all interest coupons which
may nave matured prior to the day
OF SAFE Inc said o%iiicers NAV reject
any or all DDS re-advertise; or
they NAV sell said bonds or any part