There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 19: Public Lands
Article 4: Townsites, 19-4-1 through 19-4-42
Section 19-4-2: Failure to record townsite patent; penalty.
Universal Citation:
NM Stat § 19-4-2 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
19-4-20. Disposition of proceeds.
The proceeds received from the sale shall be disposed of as follows:
A. first, to pay the expenses of the sale;
B. second, to discharge any outstanding claims incurred in entering the townsite of the town; and
C. third, the surplus, if any, shall be retained by the town trustees to be used for making improvements within the townsite for public purposes.
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