Upon the surrender of any bonds refunded under the provisions of this act [6-12-6 to 6-12-14 NMSA 1978], there shall be entered on the records of the state auditor the fact of such surrender and the number, amount, date and character of the bonds so surrendered; and such bonds shall be destroyed by the state board of finance and the fact of such destruction shall be likewise entered on such record.
History: Laws 1935, ch. 4, § 9; 1941 Comp., § 7-514; 1953 Comp., § 11-5-14.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Refunded or redeemed bonds in agency's possession should be surrendered to the state auditor as hereinbefore specified, and the bonds destroyed by the state finance board (state board of finance) as herein provided, the fact of such destruction being entered in the records of the board of finance. 1953 Op. Att'y Gen. No. 53-5780.
Structure 2021 New Mexico Statutes
Article 12 - State Indebtedness
Section 6-12-1 - [Borrowing or investing permanent funds to pay interest on state bonds.]
Section 6-12-2 - Certificates of indebtedness and interest; treasurer may borrow to pay.
Section 6-12-4 - [Public sale of securities.]
Section 6-12-5 - [Application of act.]
Section 6-12-6 - State refunding bonds; authorized; purpose.
Section 6-12-7 - Refunding bond issuance; procedure.
Section 6-12-8 - Refunding bonds; formal requisites; registration.
Section 6-12-11 - [Exchange for bonds to be refunded; sale; disposition of proceeds.]
Section 6-12-12 - [Irrepealable contract; irregularities and defects waived; tax exemption.]
Section 6-12-14 - [Bonds surrendered for refunding; entries; destruction.]
Section 6-12-15 - State bond guarantee fund; creation; purposes.