Any irrigation district is authorized to create out of its general funds a fund to pension old or incapacitated employees, to make reasonable reservations out of wages and salaries of employees for creation, augmentation or support of such a fund and to provide out of its general fund or any other fund created for such purpose, the premiums for group insurance or for employers' liability insurance now required by the laws of New Mexico or which hereafter may be required by said laws. History: Laws 1931, ch. 78, § 2; 1941 Comp., § 77-2245; 1953 Comp., § 75-23-45. ANNOTATIONSEffective dates. — Laws 1931, ch. 78, contained no effective date provision, but was enacted at a session which adjourned on March 14, 1931. See N.M. Const., art. IV, § 23. Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
New Mexico Legal Code