There shall be collected annually, in the same manner and at the same time as other county taxes are collected, such a sum in addition to the ordinary revenue of the county as shall be required to pay the principal and interest on said bonds as herein provided; and it is hereby made the duty of all officers charged by law with any duty in regard to the collection of said revenue to do and perform each and every act which shall be necessary to collect such additional sum. Such sum when collected shall be covered into the general fund, and the treasurer of any county issuing bonds as provided herein, shall transfer from such general fund to the interest fund thereof such an amount of money as shall be required to pay the accrued interest on the bonds theretofore sold, until the interest on all of said bonds so sold shall have been paid or shall have become due in accordance with the provisions of this article.
History: Laws 1912, ch. 79, § 5; Code 1915, § 2687; C.S. 1929, § 64-905; 1941 Comp., § 58-505; 1953 Comp., § 55-5-5.
Meaning of "this article". — See same catchline in notes to 67-6-1 NMSA 1978.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 399.
Structure New Mexico Statutes
Article 6 - County Highways and Bridge Bonds
Section 67-6-1 - [Bond issue by county commissioners; limitation.]
Section 67-6-2 - [Aggregate amount; denominations; interest; date of maturity; prior redemption.]
Section 67-6-3 - [Petition for bond issue; election call; ballots.]
Section 67-6-4 - [Election on bond issue; conduct; returns; limitation on frequency.]
Section 67-6-5 - [Taxation; general fund; interest fund.]
Section 67-6-6 - [County highway sinking fund; payment of bond principal and interest.]
Section 67-6-7 - [Proceeds of bonds; payment into county road fund.]