New Mexico Statutes
§ 12-1-13 — [Pledge of fees levied.]
The issuance and sale of such debentures shall constitute and be an irrevocable and irrepealable contract between the state of New Mexico and the owner of any said debentures, that the taxes or fees pledged for the payment thereof at the rate now provided by this act shall not be reduced as long as any of said debentures remain outstanding, and unpaid, and that the state will cause said taxes and fees to be promptly collected, remitted and set aside and applied to pay said debentures, and the interest thereon according to the terms thereof. Any holder of any of the debentures issued pursuant to the provisions of this act, or any person or officer being a party in interest may, either at law or in equity, by suit, action or mandamus, enforce and compel the performance of the duties required
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New Mexico § 12-1-13 ([Pledge of fees levied.]) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1941 Comp., § 1-129, enacted by Laws 1953, ch. 39, § 12; 1953 Comp., § 1-1-
Nearby Sections
15
§ 12-1-1
Ratification of contract§ 12-1-10
Applicability [of increased fee]§ 12-1-11
Issuance of debentures§ 12-1-12
[Sale of debentures.]§ 12-1-13
[Pledge of fees levied.]§ 12-1-14
Proceeds from sale of debentures§ 12-1-3
Powers of commission§ 12-1-4
Repealed§ 12-1-6
Repealed§ 12-1-9
Fee levy on actions filed