There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 3: Municipalities
Article 23: Public Utilities, 3-23-1 through 3-23-10
Section 3-23-9: Municipal utility; levy and collection of taxes not terminated by receivership.
NM Stat § 3-23-9 (1996 through 1st Sess 50th Legis) What's This?
3-23-9. Municipal utility; levy and collection of taxes not terminated by receivership.
The appointment of a receiver as authorized in Section 3-23-7 NMSA 1978, does not release the municipality from its obligation to levy and collect the taxes provided by the terms of bonds or the law governing their issue.
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