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2016 New Mexico Statutes
Chapter 6 - Public Finances
Article 15 - Finances of Counties, Municipalities and School Districts
Section 6-15-15 - Exchange for bonds to be refunded; sales.

NM Stat § 6-15-15 (2016) What's This?

6-15-15. Exchange for bonds to be refunded; sales.

All such refunding bonds may be exchanged dollar for dollar for the bonds to be refunded, or they may be sold as directed by the governing body, and the proceeds thereof shall be applied only to the purpose for which said refunding bonds were issued.

History: Laws 1927, ch. 128, 6; C.S. 1929, 90-1106; 1941 Comp., 7-629; 1953 Comp., 11-6-28; Laws 1963, ch. 234, 4.

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