New Mexico § 16-5-1 - Execution of compact

§ 16-5-1. Execution of compact

The legislature hereby approves and the governor is authorized to enter into a compact

on behalf of this state with the state of Colorado in the form substantially as follows: The state of New Mexico and the state of Colorado, desiring to provide for the joint

acquisition, ownership and control of an interstate narrow gauge scenic railroad,

known as the Cumbres and Toltec scenic railroad, within Rio Arriba county in New Mexico

and Archuleta and Conejos counties in Colorado, to promote the public welfare by encouraging

and facilitating recreation and by preserving, as a living museum for future generations,

a mode of transportation that helped in the development and promotion of the territories

and states, and to remove all causes of present and future controversy between them

with respect thereto, and being moved by considerations of interstate comity, have

agreed upon the following articles: The states of New Mexico and Colorado agree jointly to acquire, own and make provision

for the operation of the Cumbres and Toltec scenic railroad. The states of New Mexico and Colorado hereby ratify and affirm the agreement of July

1, 1970, entered between the railroad authorities of the states. The states of New Mexico and Colorado agree to make such amendments to the July 1,

1970 agreement and such other contracts, leases, franchises, concessions or other

agreements as may hereafter appear to both states to be necessary and proper for the

control, operation or disposition of the said railroad. The states of New Mexico and Colorado agree to the consideration of the enactment

of such laws or constitutional amendments exempting the said railroad or its operations

from various laws of both states as both states shall hereafter mutually find necessary

and proper. Nothing contained herein shall be construed so as to limit, abridge or affect the

jurisdiction or authority, if any, of the interstate commerce commission over the

said railroad, or the applicability, if any, of the tax laws of the United States

to the said railroad or its operations.