Chapter 1633. Permitting the county of Taos, in the Territory of New Mexico, to refund its indebtedness at a lower rate of interest
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CHAP. 1633.— An Act Permitting the county of Taos, in the Territory of New Mexico, to refund its indebtedness at a lower rate of interest. February 26, 1907. [[H. R. 12858](/us/bill/59/hr/12858).][[Public, No. 127](/us/pl/59/127).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, New Mexico.Taos County may refund indebtedness at lower rate of interest. That notwithstanding anything to the contrary in the laws of the United States limiting the indebtedness of counties in the Territories, the county of Taos, in the Territory of New Mexico, be, and the same is hereby, authorized and empowered to refund its floating indebtedness of seven thousand live hundred dollars and its bonded indebtedness of forty-two thousand four hundred dollars by an issue of its bonds therefor, under the laws of the said Territory providing for the refunding of county indebtedness: *Provisos*.Bonds. *Provided*, That said bonds shall not run for mover than twenty years nor bear interest at a higher rate than five per centum per annum, nor Non liability of the United States.shall the same be sold for less than par: *Provided further*, That nothing in this Act shall be construed as in any manner creating any liability upon the part of the United States.
Approved, February 26, 1907.