The appointment of a receiver as authorized in Section 3-23-7 NMSA 1978, does not release the municipality from its obligation to levy and collect the taxes provided by the terms of bonds or the law governing their issue.
History: 1953 Comp., ยง 14-22-9, enacted by Laws 1965, ch. 300.
Structure New Mexico Statutes
Section 3-23-2 - Election on question of acquiring utility.
Section 3-23-3 - Municipal utility; approval of New Mexico public utility commission.
Section 3-23-4 - Municipal utility; use of revenue.
Section 3-23-5 - Municipal utility; duty to maintain and improve.
Section 3-23-5.1 - Municipal utility permanent fund.
Section 3-23-7 - Appointment of receiver; qualifications; powers.
Section 3-23-8 - Municipal utility; receiver's certificates.
Section 3-23-9 - Municipal utility; levy and collection of taxes not terminated by receivership.
Section 3-23-10 - Municipal utility; board of utility commissioners.