§ 67-6-5 — [Taxation; general fund; interest fund.]

New Mexico § 67-6-5

• Jurisdiction: New Mexico
• Ch. 67: Highways
• Art. 6: County Highways and Bridge Bonds

Text

There shall be collected annually, in the same manner and at the same time as other county taxes are collected, such a sum in addition to the ordinary revenue of the county as shall be required to pay the principal and interest on said bonds as herein provided; and it is hereby made the duty of all officers charged by law with any duty in regard to the collection of said revenue to do and perform each and every act which shall be necessary to collect such additional sum. Such sum when collected shall be covered into the general fund, and the treasurer of any county issuing bonds as provided herein, shall transfer from such general fund to the interest fund thereof such an amount of money as shall be required to pay the accrued interest on the bonds theretofore sold, until the interest on all of said bonds so sold shall have been paid or shall have become due in accordance with the provisions of this article.

Legislative History

Laws 1912, ch. 79, § 5; Code 1915, § 2687; C.S. 1929, § 64-905; 1941 Comp.,