New Mexico Statutes
§ 4-33-7 — [Effective date of annexation; effect of outstanding
indebtedness.] If the proposition carries, the area described in the petition shall be and become a part of the county to which annexation was made on January 1 of the next odd- numbered year. Provided that whenever there shall be any outstanding indebtedness of the county or school district in which such area was originally located, the annexation shall not be complete for debt service purposes until such indebtedness is discharged in full.
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New Mexico § 4-33-7 ([Effective date of annexation; effect of outstanding) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1941 Comp., § 15-3311, enacted by Laws 1947, ch. 196, § 7; 1953 Comp., §
Nearby Sections
15
§ 4-1-2
[Change in south boundary.]§ 4-10-1
[County boundaries.]§ 4-10-2
[County seat.]§ 4-11-1
[County boundaries.]§ 4-11-2
[County seat; buildings.]§ 4-11-3
[Bonds for courthouse and jail.]§ 4-12-1
[County boundaries.]§ 4-12-2
[County seat; buildings.]§ 4-13-1
[County boundaries.]§ 4-13-2
[County seat; buildings.]§ 4-13-3
[Courthouse and jail bonds.]§ 4-14-1
[Original county boundaries.]§ 4-14-2
[Changes in western boundary.]§ 4-15-1
[Los Alamos county; boundaries.]