New Mexico Statutes

§ 6-15-15 — Exchange for bonds to be refunded; sales

New Mexico·Ch. 6 Public Finances·Art. 15 Finances of Counties, Municipalities and School
All such refunding bonds may be exchanged dollar for dollar for the bonds to be refunded, or they may be sold as directed by the governing body, and the proceeds thereof shall be applied only to the purpose for which said refunding bonds were issued.

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Legislative History

Laws 1927, ch. 128, § 6; C.S. 1929, § 90-1106; 1941 Comp., § 7-629; 1953

Nearby Sections

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