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2025 New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 7 - University of New Mexico
Section 21-7-21 - [Payment of principal and interest on building and improvement bonds.]

Universal Citation:
NM Stat § 21-7-21 (2025)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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It shall be the duty of the secretary and treasurer of said board of regents to forward to the bank at which said bonds are payable, prior to the date on which any coupons or any principal amount of any of said bonds shall mature, out of the "interest and retirement fund" a sufficient sum of money to meet said coupons and maturing bonds as the same become due, plus any service charge which said bank shall be entitled to receive for its services.

History: Laws 1927, ch. 47, § 9; C.S. 1929, § 130-921; 1941 Comp., § 55-2421; 1953 Comp., § 73-25-21.

ANNOTATIONS

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations §§ 197, 198.

11 C.J.S. Bonds § 59 et seq.

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