It shall be the duty of the secretary and treasurer of said board of regents to forward to the bank at which said bonds are payable, prior to the date on which any coupons or any principal amount of any of said bonds shall mature, out of the "interest and retirement fund" a sufficient sum of money to meet said coupons and maturing bonds as the same become due, plus any service charge which said bank shall be entitled to receive for its service.
History: 1941 Comp., § 55-2214, enacted by Laws 1949, ch. 44, § 8; 1953 Comp., § 73-23-17.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations §§ 197, 198.
11 C.J.S. Bonds § 59 et seq.
Structure 2021 New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 5 - New Mexico School for the Blind and Visually Impaired
Section 21-5-6 - [Transportation of children.]
Section 21-5-7 - Superintendents of school districts required to report blind children.
Section 21-5-9 to 21-5-11 - Recompiled.
Section 21-5-12 - [Authority to borrow money; purposes.]
Section 21-5-13 - [Power of board to sell and retire bonds.]
Section 21-5-14 - Form of bonds.
Section 21-5-16 - [Permanent improvement and interest and retirement funds.]
Section 21-5-17 - [Interest and retirement fund established.]
Section 21-5-18 - [Pledge of income for interest and retirement; leased land income.]
Section 21-5-19 - [Forwarding of funds for payment of coupons and bonds.]
Section 21-5-20 - [Funds restricted to designated purposes.]
Section 21-5-21 - [State treasurer's duty to establish interest and retirement fund.]
Section 21-5-23 - [Tax exemption; security for public moneys.]