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Section 49-9-9 - [Disposition of proceeds of land sales — New Mexico Law | CourtGPT
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New Mexico Legal Code

Section 49-9-9 - [Disposition of proceeds of land sales

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All proceeds realized on the sale of said lands so made as aforesaid shall be appropriated to pay off the bonded indebtedness of the city of Socorro or for public improvements within the limits of said grant as may be determined by the city council of said city. History: Laws 1893, ch. 77, § 9; Code 1915, § 874; Laws 1921, ch. 130, § 1; C.S. 1929, § 29-1009; 1941 Comp., § 9-909; 1953 Comp., § 8-9-9. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.