Chapter 693. relating to certain acts of the twenty-seventh legislative assembly of the Territory of New Mexico
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CHAP. 693.— An Act relating to certain acts of the twenty-seventh legislative assembly of the Territory of New Mexico.July 23, 1888. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,Issue of bonds by New Mexico legislature ratified. That the act of the twenty-seventh legislative assembly of the Territory of New Mexico, entitled “An act to create a funded indebtedness of the Territory of New Mexico to pay and discharge certain claims for carpets, furniture gas fixtures, gas, and water, and fuel, and for shelving the vaults and library room, and for insurance and other incidental and contingent expenses, now accrued and to accrue during the ensuing two years.” and approved February fourteenth, anno Domini eighteen hundred and eighty-seven; and the act of the said legislative assembly. entitled “An act to provide for the payment of current expenses of the Territory until the tax income shall meet the same.” approved February twenty-fourth, anno Domini eighteen hundred and eighty-seven, be, and they are hereby, approved and declared valid acts of the said legislative assembly of the Territory of New Mexico, and the said Territory is and shall be bound by the terms of the said several acts, and shall be held to the payment of the respective sums stipulated to be paid in the bonds, the issuance of which is provided in the said acts respectively, and in the manner and form therein prescribed.
Sec. 2. That it shall be the duty of the Territorial auditor to makeSinking fund. an estimate of the amount of taxes required to be levied in each county in the Territory, in order to raise a sufficient fund to pay all interest, together with a sinking fund for the payment of the principal, of all bonds issued under the provisions of the “Act to provide for the payment of current expenses of the Territory until the tax income will meet the same,” hereinbefore recited, when the same shall become due and payable.
Approved, July 23, 1888.