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New Mexico Constitution

Article IX, § 1 — Debts of territory and its counties assumed

New Mexico Const. art. IX, § 1

New Mexico Const. art. IX, § 1 (Debts of territory and its counties assumed) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionNew MexicoDocumentConstitution
ArticleIX
Section§ 1
CitationNew Mexico Const. art. IX, § 1
Bluebook
N.M. Const. art. IX, § 1.

Full Text

The state hereby assumes the debts and liabilities of the territory of New Mexico, and the debts of the counties thereof, which were valid and subsisting on June twentieth, nineteen hundred and ten, and pledges its faith and credit for the payment thereof. The legislature shall, at its first session, provide for the payment or refunding thereof by the issue and sale of bonds, or otherwise.

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