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16 sections · 0 paragraphs in this article.
N.M. Const. art. IX, § 1 Debts of Territory and Its Counties Assumed
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The state hereby assumes the debts and liabilities of the territory of New Mexico, and the debts of the counties thereof, which were valid and subsisting on June twentieth, nineteen hundred and ten, and pledges its faith and credit for the payment thereof. The legislature shall, …
N.M. Const. art. IX, § 2 Payment of County Debts by Another County
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No county shall be required to pay any portion of the debt of any other county so assumed by the state, and the bonds of Grant and Santa Fe counties which were validated, approved and confirmed by act of congress of January sixteenth, eighteen hundred and ninety-seven, shall be p…
N.M. Const. art. IX, § 3 State Refunding Bonds for Assumed Debts
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The bonds authorized by law to provide for the payment of such indebtedness shall be issued in three series, as follows:
N.M. Const. art. IX, § 4 Sale of Lands for Certain Bond Payments
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The proper officers of the state shall, as soon as practicable, select and locate the one million acres of land granted to the state by congress for the payment of the said bonds of Grant and Santa Fe counties, and sell the same or sufficient thereof to pay the interest and princ…