CHAPTER 71. AN ACT RELATING TO THE ANNUAL SETTLEMENT OF THE TERC. B. No. 100; Approved March 14, RITORIAL TREASURER. 1905. CONTENTS. Sec. Sec. I. Section 401, Compiled Laws of 1897, regarding the listing of paid war- 2. Be it enacted by the Legislative Assembly of the Territory of New Mexico: Section 1. Amend Section 401, Compiled Laws of 1897, by striking out the words "auditor of accounts" in the seventh line and inserting in lieu thereof the words "territorial treasurer;" and Section 2605 of the Compiled Laws of 1897 by striking out the word "auditor" wherever the same appears in said section. Sec. 2. Amend Section 403, Compiled Laws of 1897, by striking out the words "15th and 20th of November" in the first line and inserting in lieu thereof the words "1st and 15th of December." Sec. 3. All acts and parts of acts in conflict herewith are hereby repealed and this act shall be in force and effect on and after its passage. CHAPTER 72. AN ACT ENTITLED AN ACT TO AID TERRITORIAL INSTITUTIONS TO ERECT BUILDINGS AND OTHER PERMANENT IMPROVEMENTS. C. B. No. 78; Approved March 14, 1905. CONTENTS. Sec. Sec. I. Territorial institutions authorized to expend funds derived from sale and lease of their lands. 2. Boards of control to make report of expenditures Be it enacted by the Legislative Assembly of the Territory of New Mexico: Section 1. The New Mexico College of Agriculture and Mechanic Arts and all other territorial, educational and chari table institutions, in New Mexico, are hereby authorized to expend the funds derived from the sale and lease of their lands, or so much thereof as may be necessary which have been or may hereafter be placed to the credit of the respective institutions, for buildings, equipment and other permanent improvements. Sec. 2. The boards of regents or other boards of control of said institutions are hereby authorized to expend said moneys as herein provided for said purposes and said boards shall make a full and complete report of the expenditures which they may make under the provisions of this act, giving amount and purpose for which expended, to the governor of the Territory of New Mexico. Sec. 3. This act shall take effect and be in force from and after its passage. CHAPTER 73. AN ACT TO AUTHORIZE THE TERRITORIAL BOARD OF EDUCATION TO ISSUE CERTIFICATES TO NORMAL INSTITUTE CONDUCTORS, TO HARMONIZE THE SCHOOL LAW AND FOR OTHER PURPOSES. A. C. S. for H.B. No. 41; Approved March 14, 1905 Sec. Sec. I. 2. Sec. 3. Sec. 4. Sec. 5. CONTENTS. Territorial board of education to issue teachers' certificates. Provisos. Section 1, Chapter 120, Laws of 1903, regarding the disbursement of funds for county institutes, amended. Amount to be raised by counties of third and fourth classes. Section 2, Chapter 27, Laws of 1901, relating to teachers' examinations, When temporary permits to teach may be issued. Section 3, Chapter 119, Laws of 1903, regarding the granting of third Be it enacted by the Legislative Assembly of the Territory of New Mexico: Section 1. The territorial board of education is hereby authorized to issue territorial teachers' certificates to persons whom it may deem qualified by reason of their moral character, academic scholarship, knowledge of the theory and art of teaching, and actual practice in teaching. The certificates shall remain in force from and after their issue: Provided, No certificate shall be granted for not less than five years: And Provided, Further, The lowest qualifications for such certificates shall be equal, in respect to moral character, academic scholarship, knowledge of the theory and art of teaching, and actual practice in teaching to that required of those who complete full professional course in either the New Mexico Normal School or the Normal University. Holders of these certificates who possess a certificate of attendance upon some county or city normal institute or summer school, as already provided by law, shall be entitled without further examination, to teach in any of the public schools of New Mexico for the period of time designated therein. Sec. 2. The first sentence in Section 1 of Chapter 120 of the Session Laws of 1903 of the Territory of New Mexico, entitled, "An Act to regulate county institutes and for other purposes," is hereby amended so as to read after the word "purpose," in the sixth line thereof, "and in counties of the third and fourth class not more than fifty dollars for such purpose." Sec. 3. The fourth line of Section 2, Chapter 27, of the Session Laws of 1901 of the Territory of New Mexico, entitled "An Act to amend certain provisions of the law relating to public schools," is hereby amended by striking out the word "four" and in the same section, in line ten, by striking out the word "in August and November" and inserting in lieu thereof the words "before the close of the Normal Institute" and in the same section, in line fifty-eight, by striking out the words "or towns." Sec. 4. The superintendent of public instruction is hereby authorized to issue, pending the regular examination of teachers, temporary permits to teach in the public schools of the territory to persons holding certificates from educational institutions of good standing in any state or in this territory, or whose credentials as to ability and experience in teaching, property certified to, are deemed sufficient to meet the requirements of the law, and such temporary permit shall expire upon the first day of the next succeeding examination of teachers, and county school superintendents shall have like authority in their respective counties, and certificates so issued by county school superintendents shall be good only in the county where issued and shall expire at the next examination of teachers in said county. Sec. 5. Any person of good moral character who is entitled to and possesses a certificate of the first-class as a teacher, may be chosen and appointed by the superintendent of schools of the different counties in the territory as conductor for the Normal Institute in their respective counties. Sec. 6. The eleventh line of Section 3, Chapter 119, of the Session Laws of 1903 entitled 'An Act to harmonize and strengthen the existing school laws, etc.," is hereby amended by striking out the words "September and October" and inserting in place thereof the word "January." Sec. 7. All acts and parts of acts in conflict herewith are hereby repealed and this act shall take effect and be in full force sixty days from and after its passage and approval. CHAPTER 74. AN ACT TO VALIDATE AND LEGALIZE INDEBTEDNESS HERETO- CONTENTS. Sec. 1. Debts contracted by school boards made binding. Sec. 2. Sec. 3. School boards to issue bonds covering indebtedness. Be it enacted by the Legislative Assembly of the Territory of Section 1. All debts heretofore contracted by boards of education or boards of school directors for the purpose of paying the actual and necessary expenses of maintaining the schools are hereby validated and made binding. Sec. 2. It shall be the duty of all such boards on or before August 1, 1905, to ascertain the amount of their respective indebtedness, and upon due proof of the same to issue coupon bonds to each holder of a claim in an amount sufficient to cover such claim, and to deliver such bonds to ther respective creditors in exchange for other evidences of indebtedness. Sec. 3. Such bonds shall be issued in denominations of one hundred dollars each, shall be numbered consecutively, shall bear interest at the rate of six per cent. per annum, interest payable semi-annually on the first day of January and July of each year, shall mature at the option of the board issuing the same in ten years after the date thereof and shall be absolutely due and payable in twenty years after the date thereof, and shall be issued and delivered not later than January 1, 1906, and shall be signed by the chairman of the board, issuing the same, and shall be countersigned by the secretary or clerk thereof. Sec. 4. Boards of education and boards of school directors issuing bonds under this act shall notify the boards of county commissioners on or before the first Monday of May in each year of the amount required to pay the interest on such bonds, and the county commissioners shall, at the time of making the levy for other taxes levy a tax sufficient to pay the annual interest on such bonds; and after the expiration of ten years from the date of issuing said bonds, the boards of county commissioners shall annually levy a tax sufficient to produce a sum equal to not less than ten nor more than twenty per cent. of the total amount of such bonded indebtedness, and said bonds shall be redeemed from time to time as the moneys come into the hands of the treasurers of said boards issuing the same for that purpose: Provided, That the levy herein provided for to pay interest on such bonds and to create a sinking fund for the redemption thereof shall be made only on property within the district issuing such bonds. Sec. 5. This act shall take effect and be in force from and after the expiration of thirty days after its passage and approval, and all acts and parts of acts in conflict herewith are hereby repealed. CHAPTEP 75 AN ACT TO ISSUE BONDS FOR THE TERRITORY OF NEW MEXICO FOR THE ERECTION OF ADDITIONAL BUILDINGS AND INCREASING THE CAPACITY OF THE TERRITORIAL INSANE ASYLUM. C. R. No. 121; Approved March 15, 1905. CONTENTS. 1. Creation of bonded indebtedness account of New Mexico Insane Asylum. Maturity of bonds. Rate of interest. Denomination. How payable. 2. Signatures and attestation required on bonds. Numbering and registration and other requirements. Title-Territorial Insane Asylum Bonds. Levy to be made for annual interest. Sec. Sec. Sec. 3. Sec. 6. Sec. 7. Territorial insane asylum bond sinking fund. Investment of sinking fund. Territorial treasurer to report on condition of sinking fund. Cancellation of bonds. Proceeds of bond sale to be deposited in territorial treasury. How proceeds to be drawn out. Be it enacted by the Legislative Assembly of the Territory of New Mexico Section I. That for the purpose of enabling the board of directors of the New Mexico Insane Asylum, maintained for |