Public defense and war finance act of New Mexico 1917
The act declares an emergency for public defense and authorizes the Governor and State Treasurer to issue and manage certificates of indebtedness up to 750000 dollars. It details sale, interest not exceeding six percent, payment terms, tax levies, and creation of the War Fund and War Certificate Fund. It establishes a nine member Council of Defense and outlines duties with National Council of Defense coordination. It also covers assessment and taxation of express and private car properties and rolling stock, including levy procedures and distribution of funds for highway and military needs.