at tax sale as provided for by section 4094, shall remain in full force and effect and is hereby declared to be transferred by said certificates of sale to the grantees, their heirs and assigns, who shall be entitled to foreclose said lien as mortgages and other liens are foreclosed, the owner of said lands being allowed to redeem the same as now provided by law upon the payment to said county collectors of the amounts for which said property was sold for taxes, together with interest thereon at the rate heretofore provided by law and costs. "Provided, that the holder of said certificate will pay or cause to be paid the full amount of taxes due upon said property, to the proper officer authorized to receive the same." SEC. 2. This act shall be in force from and after the date of its passage. CHAPTER XXVIII. AN ACT TO AMEND AN ACT, ENTITLED "AN ACT TO PROVIDE THE NECCESSARY [NECESSARY] FUNDS TO COMPLETET AND FURNISH THE TERRITORIAL CAPITOL AT SANTA FE AND TO LAY OUT THE GROUNDS THEREOF AND FOR OTHER PURPOSES," APPROVED FEB- CONTENTS. Sec. 1. Defaulted coupons on capitol rebuilding bonds receivable for taxes. WHEREAS, It appears upon an examination of the act named in the title hereto that by an error and oversight, the proviso attached to section 2 thereof, as a House amendment to the original Bill, was not properly copied therein, and as so copied and as the same appears in said act, does not convey the meaning intended and contained in said amendment and proviso; now for the purpose of correcting the same in accordance with the facts and the intention of this Legislative Assembly, BeIt Enacted By The Legislative Assembly of the Territory of New Mexico: SECTION 1. That section 2 in the act referred to in the title herein, approved February 8, 1899, be and the same is hereby amended by striking out the present proviso at the end thereof, and inserting in its lieu and stead, the following words, viz: "Provided, that upon default in the payment of the interest coupons of said bonds, the same shall be received in payment of Territorial taxes upon being tendered by any person holding such defaulted coupons to any county or Territorial officer whose duty it shall be to receive and collect territorial taxes." SEC. 2. This act is meant and intended to be taken as though it were a part of the original act hereinbefore referred to, and to be taken and construed therewith as though passed at the same time. This act shall take effect and be in force from and after SEC. 3. its passage. CHAPTER XXIX. AN ACT TO AMEND SECTIONS 3818, 3829, 3846 AND 3836 OF THE COMPILED LAWS OF THE TERRITORY OF NEW MEXICO OF 1897, WITH REFERENCE TO RAILROADS. C. B. 12; Approved March 9, 1899. CONTENTS. Sec. 1. Sec. 2. Sec, 3. Time and manner of Amends section 3818 of the Compiled Laws of 1897. Power to construct branch lines to increase business Persons holding stock as executor, guardian or trustee or as collateral security shall not be personally subject to any liability as a stockholder of the company, etc. Be It Enacted by the Legislative Assembly of the Territory of New Mexico: SECTION 1. That Section 3818 of the Compiled Laws of 1897, be and the same is hereby amended to read as follows: Section 3818. The Directors named in the articles of incorporation must meet within one week after the filing of said articles and organize by the election of the president who shall be one of their number, a secretary and a treasurer; and their successors must so meet and organize immediately after their election. Directors must perform the duties enjoined upon them by law and the by-laws of the corporation. A majority of the directors shall constitute a Board for the transactions [transaction] of business, and every decision of a majority of the Directors forming such board, made when duly assembled and in session as such board, shall be valid as a corporate act. SEC. 2. That Section 3829 of said Compiled Laws of 1897 be and the same hereby is amended to read as follows, viz: Section 3829. The meetings of stockholders must be held at the office or principal place of business of the corporation. "Provided, that nothing in this act shall be construed to prevent or prohibit any railroad corporation from holding the meetings of its stockholders or board of Directors at the principal place of business of such corporation in any other state or territory where a majority of the stock of such corporation is held or owned therein as provid ed for in Section Four hundred and fifty-six of the Compiled Laws of 1897." SEC. 3. That section 3846 of said Compiled Laws of 1897, with reference to the powers or railroad corporations, be and the same is hereby amended by adding thereto the following clause, viz: Tenth: To construct such branches from its main line or intermediate branches as it may from time to time deem necessary to increase its business and accommodate the trade or travel of the public. SEC. 4. That Section 3836 of the Compiled Laws of 1897 be and the same hereby is amended by adding thereto at the end of said Section, the following language, viz: No person holding stock as executor, guardian or trustee, or holding it as collateral security or in pledge, shall be personally subject to any liability as a stockholder of the company; but the person pledging the stock shall be considered as holding the same and shall be liable as a stockholder accordingly; and the estate and funds in the hands of the executor, administrator, guardian or trustee, shall be liable in like manner to the same extent as testator or intestate, or as the ward or person interested in the trust fund would have been if he had been living and competent to act and hold the stock in his own name. SEC. 5. All laws and parts of laws in conflict with the foregoing amendments be and the the same hereby are repealed, and this Act shall take effect and be in full force from and after its passage. CHAPTER XXX. AN ACT CONCERNING ELECTION OF COUNTY COMMISSIONERS. C. B. 41; Aproved March 9, 1899. CONTENTS. Sec. 1. County commissioners' term of office fixed at two and four years respectively at the first election. Thereafter only two shall be elected, one for four years and one for two years. Be it enacted by the Legislative Assembly of the Territory of New Mexico: SECTION 1. That at the general election of 1900 there shall be elected three county commissioners in each county of the Territory of New Mexico. The commissioners from the first district shall be elected for a term of four years from the first day of January after the election. The commissioners from the second and third districts shall be elected for a term of two years from the first day of January after the election; and that at the general election of 1902, there shall be elected two county commissioners, one from the second district for a term of four years and one from the third district for a term of two years, and that at the general election of 1904, there shall be two commissioners elected, one from the third district for a term of four years and one from the first district for a term of two years, and, thereafter, at each general election, one of the county. Commissioners successively, beginning with the County Commissioner from the first Commissioner district, shall be elected for a period of four years. SEC. 2. That this act shall be in force and effect from and after its passage and all laws and parts of laws in conflict with this act are hereby repealed. CHAPTER XXXI. AN ACT TO AMEND AN ACT, ENTITLED "AN ACT TO ENCOURAGE THE ESTABLISHMENT, DEVELOPMENT AND MAINTENANCE OF PARKS IN TOWNS AND CITIES IN THE TERRITORY OF NEW MEXICO, AND TO PROVIDE FOR THEIR CONTROL AND GOVERNMENT, AND FOR OTHER PURPOSES," APPROVED FEBRUARY 17, 1897, AND FOR C. B. 31; Approved March 9, 1899. OTHER PURPOSES. CONTENTS. Sec. 1. Sec. 2. Tax authorized be divided between object specified and a public library. Amends eighty-third sub-division of section 2402 of the Compiled Laws of 1897. Of voting to levy an annual tax for purposes stated. Be it enacted by the Legislative Assembly of the Territory of New Mexico: SECTION 1. That the tax authorized by section 6 of an act entitled, “An Act to encourage the establishment, development and maintenance of parks in towns and cities in the Territory of New Mexico, and to provide for their control and government and for other purposes" approve [d] February 17, 1897, may, in the discretion of the trustees, or council of any town or city levying such tax, be divided betwen [between] the objects specified in said act and the establishment or maintenance and support of a public library, in such city or town. SEC. 2. That the eighty-third sub-division of section 2402 of the Compiled Laws of 1897 be, and the same hereby is, amended by striking out the last sentence thereof, which reads as follows: "But no appropriation of money can be made under this section unless the proposition is submitted to a vote of the people at a municipal election of such city or town, in such manner as may be prescribed by ordinances." Provided, However, that when the people of such city or town have voted to levy an annual tax or appropriation for the establishment and maintenance of a free public library, it shall not be necessary to again submit the question of such annual levy or appropriation to a vote of the people, except, upon the petition of a hundred tax-payers, residents of such city or town, petitioning for the increase, decrease or discontinuance of such annual levy or appropriation; in which event, the question of such annual levy or appropriation shall be again submitted to a vote of the people of such city or town at the next ensuing municipal election therein. SEC. 3. All laws and parts of laws in conflict herewith are hereby repealed, and this law shall be in effect from and after its passage. CHAPTER XXXII. AN ACT TO REPEAL SECTION 3409 AND TO AMEND SECTION 3420 OF THE COMPILED LAWS OF 1897. Sub. C. B. 83; Approved March 9, 1899. CONTENTS. Sec. 1. Repeals section 3409 of the Compiled Laws or 1897. Sec. 2. Amends section 3402 of the Compiled Laws of 1897. Appeals in criminal cases have the effect to stay execution. Of confinement under conviction of murder. Be It Enacted By The Legislative Assembly Of The Territory Of New Mexico: SECTION 1. That Section 3409 of the Compiled Laws of 1897, be and the same is hereby repealed. SEC. 2. That Section 3420 of the Compiled Laws of 1897 is hereby amended to read as follows: Section 3420: All appeals in criminal cases shall have the effect of a stay of execution of the sentence of the Court until the decision of the Supreme Court upon said appeal. And whenever the sentence of the District Court shall be that of death or of imprisonment for a term exceeding five years, upon a conviction for murder, the party convicted shall remain in close confinement until the decision of the Supreme Court shall be pronounced upon the appeal; and in all other cases of appeal, the party taking the appeal shall be entitled to give bail by filing a bond in a sum and with conditions to be fixed by the District Court sufficcient [sufficient] to secure the due execution of the sentence of the Court in case the judgment of the Court be affirmed by the Supreme Court. SEC. 3. All laws and parts of laws in conflict herewith are hereby repealed, and this Act shall take effect and be in force from and after its passage. |