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2011 New Mexico Statutes
Chapter 49: Land Grants
Article 9: Socorro Grant, 49-9-1 through 49-9-12
Section 49-9-9: Disposition of proceeds of land sales.


NM Stat § 49-9-9 (1996 through 1st Sess 50th Legis) What's This?

49-9-9. [Disposition of proceeds of land sales.]

All proceeds realized on the sale of said lands so made as aforesaid shall be appropriated to pay off the bonded indebtedness of the city of Socorro or for public improvements within the limits of said grant as may be determined by the city council of said city.

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