Any reclamation contract heretofore entered into by any district with the United States for any of the purposes enumerated in Section two [73-18-2 N.M. Stat. Ann.] hereof, together with any and all action taken by or on behalf of a contracting district in pursuance thereof, is hereby ratified, validated and confirmed and such contract is hereby declared to be and the same shall remain a valid and subsisting obligation of the contracting district and all the real property within the contracting district shall be and remain liable to be assessed in the manner in this act N.M. Stat. Ann. § 73-18-1 to 73-18-24 provided, for payments to become due to the United States under such contract until fully paid.

Terms Used In New Mexico Statutes 73-18-21

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
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