All funds, monies, rights, credits, licenses and taxes which belong to or were to be paid to the county of Quay shall be and become the property of the county of Washington hereby created, and all such monies and taxes shall be paid to the proper official of Washington county; and any valid and existing indebtedness, liability or obligation of the county of Quay shall be and become an indebtedness, liability or obligation of the said county of Washington.

Terms Used In New Mexico Statutes 4-20-3

  • 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.
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