New Mexico Statutes
§ 6-13-11 — Bond payment
It is the duty of the secretary and treasurer of the governing board, where bonds have been issued pursuant to the Institution Bond Act, to forward to the bank at which the bonds are payable, prior to the date on which any installment of interest or any principal amount of any bonds matures, out of the interest and retirement fund, a sufficient sum of money to meet the installment of interest and maturing principal as they become due, plus any service charge which the bank is entitled to receive for its services.
Free access — add to your briefcase to read the full text and ask questions with AI
New Mexico § 6-13-11 (Bond payment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1941 Comp., § 6-263, enacted by Laws 1949, ch. 121, § 10; 1953 Comp., §
Nearby Sections
15
§ 6-1-6
[Separate accounts.]§ 6-1-7
Repealed§ 6-10-1
Fiscal year designated§ 6-10-1.1
Definitions§ 6-10-1.2
Payment methods authorized; fee§ 6-10-10
Deposit and investment of funds