§ 24-60-1701 — Execution of compact

The general assembly hereby approves
and the governor is authorized to enter into a compact on behalf of this state with
the state of New Mexico in the form substantially as follows:

CUMBRES AND TOLTEC SCENIC RAILROAD COMPACT

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:

Article I

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.

Article II

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.

Article III

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.

Article IV

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.

Article V

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.

Legislative History

Source: L. 73: p. 900, � 1. C.R.S. 1963: � 74-19-1.