New Mexico Statutes
§ 73-17-22 — Property, title, tax exempt
Title to all rights and property acquired by any district, shall immediately and by operation of law, vest in such district in its corporate name; such property shall be held for the uses and purposes of the district, and shall be exempt from all taxation.
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Legislative History
Laws 1927, ch. 45, § 909; C.S. 1929, § 30-909; 1941 Comp., § 77-3022; 1953
Nearby Sections
15
§ 73-1-1
[Purpose of districts.]§ 73-1-15
[District court procedure; notice.]