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Section 4-49-18 - [Taxes to be paid in cash; use for specified purpose — New Mexico Law | CourtGPT
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New Mexico Legal Code

Section 4-49-18 - [Taxes to be paid in cash; use for specified purpose

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All taxes for interest on and for the redemption of such bonds shall be paid only in cash, and shall be kept by the county treasurer as a special fund, to be used for the payment of interest on and for the redemption of such bonds only. History: Laws 1891, ch. 83, § 13; C.L. 1897, § 361; Code 1915, § 1168; C.S. 1929, § 33-3913; 1941 Comp., § 15-4614; 1953 Comp., § 15-49-17.