3-23-9. Municipal utility; levy and collection of taxes not terminated
51 words·~1 min read·
/nm/chapter-3-municipalities/article-23-public-utilities/3-23-9·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.