2015 New Mexico Statutes
Chapter 3 - Municipalities
Section 23 Public Utilities
Section 3-23-9 Municipal utility; levy and collection of taxes not terminated by receivership.

NM Stat § 3-23-9 (2015) 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.

History: 1953 Comp., 14-22-9, enacted by Laws 1965, ch. 300.

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