New Mexico Statutes 3-23-9. Municipal utility; levy and collection of taxes not terminated by receivership
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The appointment of a receiver as authorized in Section 3-23-7 N.M. Stat. Ann., does not release the municipality from its obligation to levy and collect the taxes provided by the terms of bonds or the law governing their issue.
Terms Used In New Mexico Statutes 3-23-9
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.